Mr. Obama says there is "little doubt we've moved into a recession at this point." Now I'm not saying the economy is in great shape, but we are not in a recession. That is according to the widespread definition of a recession, which is a decline in GDP for two consecutive quarters. In the 1st quarter of 2008 GDP grew by 1%, so I would say Mr. Obama is a little premature in saying we've moved into a recession. Maybe he just doesn't know what a recession is or maybe he's trying to mislead the american public into believing president Bush's economic policies are no good.
I think that the fact that oil prices closing in on $150 a barrel and gas prices over $4 a gallon and our economy still growing, all be it slow, shows that the presidents economic plan has the U.S. on solid footing. Mr. Obama says "the sooner we get money into people's pockets, the sooner we are going to get our fundamentals right."
If this is the case why doesn't he support making the Bush tax cuts permanent, and don't give me this bologna that it's "only a tax cut for the rich." Combined with my wife we make about $50,ooo a year, owning a house and having 3 children, the Bush tax cuts have helped us immensely. Now if we could only get New York state to cut taxes we would be in good shape.
Mr. Obama also says we should "get serious about creating an energy policy that will create greater energy efficiency over the next decade or so." Yet he doesn't support offshore drilling or drilling in anwar . Wouldn't those 2 things help to create more energy efficiency over the next decade? He supports ethanol from products such as corn. When we have an abundance of oil in the world and in our own country, why should we burn food in our cars instead of feeding the world with it. We need to put more oil on the market and develop cars that use less gas and more electricity, which means we need to produce more coal, natural gas and nuclear to produce more electricity.
It is time we, the american people take our country back from the environmentalists who are stopping us from using our own natural resources. With the technology we have we can have energy independence and protect our environment.
Sunday, July 13, 2008
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