RWWNL — Terry Wilken writes: We are started toward a solution we are told. We might believe it had we not been told that before. The problem that we had that they were going to solve was the debt crisis. The debt clock is still going up pretty fast, so I question their solution. Are they going to get us out of this situation, or just make it worse?
We were on our way to higher oil prices. H fixed that by opening the strategic oil preserve. This sent the price of oil down, but at what cost. I guess that H does not understand the definition of the word strategic either. It should be used only in times of “real” crisis. It was effective for a while, but it did not last long.
The price of oil went back up again. Was this result a surprise? Sometimes decisions made have unintended consequences. I think that has been said here before. This was the wrong solution for a problem that did not exist. I think that the answer to that is YES! The price of oil and gasoline goes up and down based on demand. At least in a free economy.
Now the price of gasoline is going back down. Did we open the tap again? I have not heard any such news. Maybe it is caused by another reason. Maybe it is caused by the increase in unemployment. I have a question to ask you. How many gallons of gasoline would you buy if you did not have a job and did not have to go to work? If less gasoline were bought, do you think that gas prices would go up or down? It is not a trick question. Maybe if H let the economy do its natural thing, problems would cure themselves. I am not saying that unemployment is the answer to high oil and gasoline prices. I am saying that the government needs to get out of the way. They are not the solution. They have created the problem, and now it is time for them to let someone else try to fix it. They have not been able to fix the economic problem for a long time.
Here is someone who had a similar problem and how they have resolved the situation.
This is not a reason to mirror Canada’s policies, but it may be something to look at to see if we can do some of the things that are right. It appears they are heading in the right direction. Did you notice that they were concerned about the deficit first? If we concentrate on that issue and leave the debt to be resolved as another issue. Would we be making headway? We could resolve the “debt” at some point in the future. Maybe if we resolved the deficit properly, the debt might resolve itself. The Federal government is currently spending more money than we are giving them. It is time that they quit spending or that we quit giving them money to spend. I do not care which we choose at this point. (08/22/08)