"Can I buy your vote?"
It seems the presidential candidates are falling all over themselves to see who can send you more money - as a way to "help us out" of our economic problem. Since when is it the Government's job to help us spend more money - to "keep the economy going"? (Besides, if both the Republicans and Democrats think it's such a great idea that taxpayers have their own money back, why don't they just lower our taxes and spend more wisely... like we have to?)
More importantly, the effects will actually make our dependence on foreign oil worse, not better!
The sooner we allow our economy to go through its normal cycle, the sooner there will be downward pressure on the price of oil. Less economic activity = less use of oil = lower prices. So, by trying to buy your vote, the candidates are supporting the steep price of oil, which - guess what - puts downward pressure on the dollar, increases inflationary pressures and sets us up for a stagflationary cycle, ala the 1970s.
Where is John Anderson when you need him?
Labels: Political Inaction