Posted by
nomi on Sunday, June 22, 2008 9:50:19 PM
I do have a degree in Economics from UCLA. So do take this to heart. There are two factors that outweigh all other factors for the high oil prices. These both have to do with our politicians in Washington. Congress and the White House have full control. The first reason is a weak dollar. Other nations know that our money is quickly be devalued by spending by our elected officials. This spending is so out of control that in order to avoid a revolt they politicians are printing funny money backed of by borrowing from other nations. How out of control is this spending? One area of spending is earmarks. In the eighties they numbered apx 100 a year. Since then they have reached about 1,500 a year. Imagine the other areas of spending, new bureacracies created to give the greatful incumbant friends and or political contributers cushie jobs. New programs to attract the not so smart but but freebie loving voter. Many of these programs are used by non tax payers, which are proliferating due to the availability of these programs. Thus government spending is growing exponentially and is being paid for by borrowing from other countries and thus weakenning the dollar at a fast rate. The rise in gas prices is most closely corrolated with the growth in government. This is scary since oil prices have almost doubled in the last five years and are rapidly increasing. So despite not being taxed for this government growth and possibly the same pace, we are realy being taxed the full extent by the weakenning of our dollar. Our buying power will in essence be as if we have been directly taxed the full amount. If you have any doubt that politicians are becoming more self interested than ever look at how they are dancing around this issue so as to avoid addressing the treasonous undermining of the US economy by criminal greed.
The second reason for the high prices at the pump is also entirely the fault of our politicians in Washington. That is the handicapping the US consumer to rely on foreign nations for our oil supply. This has lead to speculators when this and that event occurs. This speculating is the result of our inability to control our supply. The speculating is also tied to the weak dollar by the way. A good question is whether the environmentalists are being funded by the oil companies and/or are the politicians citing environmental reasons because they get campaign contribution from so called environmental groups and those connected to oil companies. The fact is with restrictions on our own rich oil supplies the multinational oil companies, just like OPEC make a bigger profit per unit. Despite giving lip service to openning up our supplies I would not doubt that Bush does not have a passion or inclination to truly do this. Our politicians in Washington are for the most part in bed together and have their own interests rather than your interest on their minds.
The solution is to get rid of incumbants. They are using your money and strength of your money to gain and keep control in office "as your representative." Our politicians are more disconnected than ever. No politicians say anything any more. Think of politicians on the Republican side, a Reagan speach versus the all over the place McCain antics. Think of the Democrats, with the John Kennedy speach and the vacuous words of Change from Barak. This is a reflection of how bad our DC politicians have gotten. Removed from the goal of serving and skilled at maneuvering money around and around and eventually into their bank accounts or freezers. Yes that guy is not in jail yet, because he has got something on the most entrenched in Washington. He is still your representative along with all the other politicians who are selling the country right from under you. DOJ where are you?
Exsqueaze me, I didn't feel like proofreading. Spellcheck didn't work and I just wanted to get the ideas out. Please feel free to comment on spelling and grammer.