53.2 Billion Miles

CNBC has an interesting article about the reduced gasoline consumption in the US. According to it in the last 9 months Americans drove about 53.2 billion miles less than the previous year. Its a good statistic for those who believe that gas prices and consumption are totally inelastic. It also brought up that companies like Amtrak and Amazon.com are doing well as expected and Circuit City isn't. I think that brick mortar stores are going to continue to get hit as more and more people get comfortable buying things online. Lets face it, its hard to beat shopping for stuff sitting on your couch in your underwear.

Border Fence?

Heres a quote by General George Patton:

“Fixed fortifications are monuments to man's stupidity.”

I would include a border fence in this category.