Every time I hear a political debate pop up, the price of gas always seems to come up sooner or later. For some reason people think that it's the president's fault that oil is a scarce resource and that its supply is quickly running out. Now just to set the record clear to anyone who doesn't know even the most basic principles of economics; when the is a shortage of a good, i.e. more demand than there is supply, price will go up. So because we are consuming oil at an ever increasing pace and since it take a couple thousand years for the planet to make just a little bit, we seem to be running out and this is driving prices up through the roof. We just have to deal with it and get on with our lives, and if it's really that much of an issue trade in your big sedan/ SUV/ minivan for a nice, small, fuel efficient car. Pretty much everyone else in the world is doing it, can't hurt to give it a shot.
And while we're on the price of things, lets take a nice little tangent and talk about the economy. Simply put, two years of trying to fix things will not take care of a mess that was eight years in the making. Not that I think that trying to increase our budget when we are already a couple trillion dollars in debt is a good idea. But the economy is going to take a while to get back on its feet, and messing around with it is not going to help. Right now we need stability. Any and all confidence in the US economy has evaporated along with our country's credit worthiness, and only if the government sees sustained stability will the confidence that the US markets once had ever come back. Unless foreign investors think that US businesses are a good bet will they ever be willing to give firms the money the need to get back on their feet. At the end of the day, being impatient won' change anything. We need to wait. It's that simple.
And while we're on the price of things, lets take a nice little tangent and talk about the economy. Simply put, two years of trying to fix things will not take care of a mess that was eight years in the making. Not that I think that trying to increase our budget when we are already a couple trillion dollars in debt is a good idea. But the economy is going to take a while to get back on its feet, and messing around with it is not going to help. Right now we need stability. Any and all confidence in the US economy has evaporated along with our country's credit worthiness, and only if the government sees sustained stability will the confidence that the US markets once had ever come back. Unless foreign investors think that US businesses are a good bet will they ever be willing to give firms the money the need to get back on their feet. At the end of the day, being impatient won' change anything. We need to wait. It's that simple.
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