There’s only one thing that’s going to get us out of this economic mess. No one needs a Ph. D. in economics to understand it.
We’re sending 700 billion dollars a year out of the country to oil producing countries that are not using the environmentally friendly processes that we would use to tap our own sources of crude oil. We could lower our dependence on these countries (countries that couldn’t care less about the well-being of the U. S.) for our oil needs by 90% while we do the research to develop renewable sources of energy such as solar, wind power and water currents.
To absorb and perceive what $700 billion is, think of it in terms of a trillion dollars every year and a half; over ten trillion dollars every fifteen years. Think about what that would do for the nation’s economy instead of the smoke and mirrors gimmicks that are about to be implemented now. Oil produced from the stores we have right here in the confines of the United States is one industry that can’t be outsourced.
How much sense does it make to think that economic stimulus packages that are paid for by the taxpayer are going to repair the economic train wreck we’re in right now? It’s like a revolving door and the door is going to become more worn with every revolution. This revolving door system of the taxpayer paying for the stimulus plan is a little like a human being trying to feed off its own body.
The root cause of the economic tsunami that engulfed the world was the assault by the oil producing countries as they raised the price of their crude oil beyond the point that industries and the populace could bear.
The irony of the result of the assault by the unfriendly oil producing countries is that they got bit too. They are now lucky if they can get one third of the price of their oil from what it was when they were charging $147 a barrel.
