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The WPT caused energy cost to increase at a time when we had a similar frail economy with inflation being driven by fuel costs. Sound familiar? Right now inflation is not very high because the economy is in the tank. What happens is that when the government comes in with a no limit credit card and starts consuming, prices increase due to demand. At the same time if taxes are raised, the cost of goods and services will increase for that reason as well. Washington meddling with the economy always has the same results. The final result of the WPT when it was finally repealed was the lowest domestic oil production in 20 yrs. making us even more dependent on OPEC crude.
• Carter's last year: Prime Interest rate, 21%. Inflation, 13.5%. Unemployment, 7%. The so-called “Misery Index,” which Carter used to great effect in his 1976 campaign to win election, 20.5%.
• Reagan’s last year: Prime Interest rate, 11%. Inflation, 4.1%. Unemployment, 5.5%. Misery Index, 9.6%.
• Bush today: Prime Interest rate, 7.2%. Inflation, 4.8%. Unemployment, 6.1%. Misery Index, 10.9%.
Re-adjust those numbers for the decrease in wages, increase in energy costs, and number of jobs created above the poverty wage. It wouldn't make the Bush years look so hot.
Re-adjust those numbers for the decrease in wages, increase in energy costs, and number of jobs created above the poverty wage. It wouldn't make the Bush years look so hot.
you do know that the decrease in wages is due to the amount of illegal mexicans taking up the jobs and re-establishing a new price point for labor.
i am willing to pick up the issues to see what published you on. what is it regarding?
well then stick to your numbers you're obviously one of those guys who can't think outside the box. and i haven't picked up a pop sci in many years. my reference to a couple technologies that would be a smart part of a greater picture.
you are very arrogant in your assumptions and it keeps making you look like an ass.
I'm arrogant because I know the issues that I spend every day working on better then you do? Maybe the world needs less engineers like me and more real estate agents like you? That will fix our problems, right?
Please provide any substantial evidence that Obama would "decimate" the military anymore then McCain would? Keep in mind that McCain himself said in the debates that he would cut military spending. Would that mean that he may be against subsidizing private US corporations like Halliburton or Blackwater? After all their employees in Iraq are doing much better than our military aren't they?
So where does the money for his Utopian society come from?
So where does the money for his Utopian society come from?
Where did the money to fund the Iraq war or the economic bailout come from?
Making money out of nothing to fund work to make the US the global energy provider would be a much more efficient economic strategy then a service based economy would be wouldn't it?
Not promising utopium. Just asking for common sense that costs less then $10,000,000,000 a month and kills people.
Name a single scientific advance that people have brought forth and scientists or engineers have gawked at.
SDI, BMDO and MDA.
The fruit from those have ranged from decreasing the half life of nuclear material to rail guns and GPS system...
We did this already.
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