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The devalued dollar has been the overwhelming factor in terms of the change in oil prices
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BRIGGS
Posts: 53275
Alba Posts: 7
Joined: 7/30/2002
Member: #303
6/26/2008  12:22 PM
and subsequent inflation/ recession. If we let our debt to continue to spiral out of control--there is going to be a very serious situation here that will be tough to pull out of. Going into winter you could have people looking at 800- 1000$ heating oil bills up from 200-300$. This will cut millions of peoples spending habits to a degree that most people are just starting to realize--that hurts everyone because there will be no money left to spend on everything else.

They need to immediately withdraw from Iraq and cut defense spending by 50% and reassess the entire military
They need to have a special assessment tax on people with net asset valuations over 2mm and re-do the current tax code
We will need to charge much more for US services abroad and target oil producing nations flush with huge sums of cash
Stifle lock down immigration into us and get rid of anyone who is not legally American and is working here without paying taxes and really punish employers who have employed illegal immigrants
Lock down on CEO pay and give that extra money[if there is any] back to lower level employees
Lock interest rates at 4.5-4.75 % for 30 year mortgages and have current mortgages also corrected to this rate [this shouldve been done already]
Adhere to strict co2 emission cuts ASAP
Increase investment into energy efficient devices i.e furnaces heating products solar wind etc.. and put mandatory increases on MPG in cars
Re-do welfare system and cap it
Penalize outsourcing of % of jobs

this is a start an aggressive start
RIP Crushalot😞
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Silverfuel
Posts: 31750
Alba Posts: 3
Joined: 6/27/2002
Member: #268
USA
6/26/2008  8:09 PM
Its not just oil, its affecting everything including food.
http://www.cattlenetwork.com/Content.asp?ContentID=230814

I agree with most of the post but I don't understand how penalizing companies that outsource will help us. I mean, I know it will add jobs but wont that just mean they will hire 1 instead of 3 people which will in turn cut down production and raise the price of the end product? Or am I just buying into the bs rhetoric?
A journey of a thousand miles begins with a single step.
The devalued dollar has been the overwhelming factor in terms of the change in oil prices

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