Originally Posted by
ewrbasedpilot
As long as we have an administration that believes the dollar should continue it's southerly plunge, we're all gonna be screwed. The US oil supply is fine and demand is down, but you sure don't see prices falling. Gold, platinum, and the Euro are jumping to new highs every day and not a darn word out of our government to try and stabilize things. Oh, I forgot, some taxpayers are getting a pittance back in the form of a rebate.............and they'll have to claim it as income and be taxed on it when filing their taxes. What a joke.
The oil supply in the US may be fine, but that still doesn't mean demand isn't rising in the rest of the world. Politicos cannot control the world market price of oil, gold, platinum or the euro. Politicos may also have trouble controlling the value of their home currency because much of that value is dependent on the buyers opinion of the stability and solvency of the economy that issues the currency.
It is useless to blame any one administration for this, it has been an ongoing problem for a very long time and will continue to trouble us as long as governments insist on spending vast sums of money they don't have.
Many people still have trouble with the concept that governments don't create wealth, they can only confiscate and redistribute it. That is why it is so important to preserve the dynamic US economy- it is ultimately the source of our strength and status in the world.