Author Topic: A REALLY Inconvenient Truth  (Read 9113 times)

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Toymin8r

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Re: A REALLY Inconvenient Truth
« Reply #30 on: Apr 23, 2008, 09:41:10 AM »
If capitalism under bush was working so well right now our economy would be sucking so much right now.


The state of the econonomy has very little to do with the president.  The current state of the economy is due to two things mainly. 

One, Gas prices.  The 5 major oil companies have virtually a monopoloy on their product.  The Unitied states is the only developed country in the world that has oil and doesn't use it.  The domocratic controlled congress has blocked any and every attempt to drill for oil or build a refinery to increase production capabilities.  The Oil companies know this and take full advantage of it.  The only forseeable solution is to classify oil in the same category as electric power, natural gas, communication, etc.  Instead of the Hillary plan of taking their profits they need to have governent oversite to regulate how much profit they can make so the us consumer doesn't get screwed.  This is how the power comanies, the phone comanies and natural gas companies operate.  They cannot raise prices w/o being approved by a governemt oversite comittee.  On this, Bush has been asleep at the helm but so has every other politician since the 80's.  the democrats plan was to have alternative fuels like ethanol.  This has caused food shortages due to too many acres being planted to make corn for ehtanol.

Second, the poor economy is also due to trade agreements with China and India. It was president Clinton that opened trade with Communist China and India and it has virtually destroyed all manufacturing within the US.  This in turn has caused the value of the dollar to drop, which again helps the first reason.  Remember that while China is holding anti-west protests and putting lead paint your kids toys all the while selling billions of dollars of goods to us.

The war to an extent has been a drain on our economy too but wars historicallly have helped the economy during and after due to the creation of jobs.  We could help ouselves by making Iraq send some of their oil our way but the Bush hater's would have a field day with that.  It would however make the oil companies reduce prices if the US governemt decided to pump, refine and sell gasoline, much like the Postal service competes with other shippers. Ironically, 70% of the oil pumped out of Iraq is sent to China, who uses it to further industrialize their country, which in turn helps to hurt our economy.  For that Bush is at fault.

Fixing this economy takes cooperation between all of our politicians and they just seem to become more and more polarized and less agreeable with each other as time goes by.  If you hadn't already noticed most politicians are rich so they can afford to keep this up a lot longer than we can. 
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