Quote:
Originally Posted by Big Dave
Politicians that raise taxes in a recession will roundly desrve to be thrown out of office.
What alternatives are out there for oil? Nuclear and wind power will not run my truck.
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I don’t know what to say to that, your ideology freezes you from seeing the reality of the situation and the routes out of it. There are no tools left in the toolbox. It’s a good thing to cut taxes during a recession and deficit spending is probably the best way to deal with a downturn but the clowns running the country have been doing both for 8 years already, what more can be done? There will become a point where no one will lend the U.S. any more money, the American people will have to carry this load at some point.
While nuclear and wind will not run your truck, they will run certain other things that currently use oil that can be diverted to your truck. Cheap oil depresses innovation into other energy sources. Cheap oil encourages waste and doesn’t bring consequences to bear for poor decisions until we run into an oil shock like we had last summer, then it hits people like a sledge hammer.
James makes some great points about tax shifting.