Place Your Vote Essay Example | Topics and Well Written Essays - 1500 words

Place Your Vote - Essay ExampleWhy energy is an important cistron to consider when electing a presidentI would like to bring back some memories that most Americans would love to erase from their memories. This concerns the high oil tolls that were experienced during Bushs tenure in White House in 2008. This is a clear indication of the intricate nature of the oil prices to the American economy. Schoen (2008) while talking about the price increases by over 50 percent in January of 2008 observed thatAirlines have been struggling to make a profit, even as they shrink jobs and flights. American Airlines became the latest to announce it was tightening its belt another notch, construction Thursday that it plans to shrink capacity by as much as 12 percent and cut thousands of jobs (Schoen, 2008)Furthermore, Schoen elaborates that these airlines were contemplating an increase in the prices of checking the first bag. He contends that smaller airlines would have had to file for bankruptcy . Other industries, such as the automobiles also experienced a drop in sales which is definitely not good to the general wellness of the economy. Moreover, the price of food and other household goods were expected to rise. Threats of inflation were being envisaged at the season and these tended to spill over to the housing sector and the credit markets (Schoen, 2008). This led to job losses, higher costs of alimentation and a generally dented economy.During this trying time inflation was attributed to the high oil prices that were being experienced.