"Yes it does.. Currently there is an overwhelming supply of oil with very few buyers since just about everyone in the world has cut back on their oil consumption. This is why Oil has plummeted to in the $60 range."

- the price of oil is less than half it was five months ago, but the world is not consuming 50% less oil...prior to that, the price of oil increased by 600% since the invasion of iraq but the world wasn't consuming six times as much oil...supply and demand are not driving the price of oil as much as speculation


"Demand doesn't just make itself.. and demand doesn't come out of people who are unemployed or if companies are not hiring new employees/giving out pay raises....If hiring comes to a halt.. there is not going to be demand, making the borrowing moot all together because without demand then there is no need to hire."

- demand is usually stable if employment levels are stable...if hiring comes to a halt, demand will be relatively constant


"Raising taxes is just like asking for a way to further slow the economy."

- raising the national debt is just like asking for a way to further slow the economy too...that has to be dealt with SOON


"Supply dictates the cost of a product while demand drives the need for supply. "

- you got the theory half right:
Economics Basics: Demand and Supply


"you do realize that several times through our discussion you've indirectly agreed with me."

- sure i agree with you sometimes...i'm not a total asshole! there's lots of smart folks here and i've been set straight a few times...it's all good