Monday, June 30, 2008

Cycle Of Oil Prices Rise Again

It seems that we continue to go in circles with our oil prices rising above $143.00 per barrel. Strange that every time the money experts on the News stations like CNN, Fox, MSNBC all seem to suggest and do say that our oil prices are expected to go down with the help of the Bush administration. Yet, that NEVER happens!

With everything the Bush administration has done so far the oil crises just continues to get worse. Now why is that? What was the very first impact of change of policy since GW Bush took over in 2001? The very first thing he worked on was changing the U.S. policy of outsourcing of American jobs. It started before the 9/11 attacks. Yet no one remembers.

Now what is the secret to a strong economy? The secret to a strong working economy is to have the people in that economy working, Economics 101.

When the high tech jobs were sent overseas with Bush selling the Idea that Americans are too stupid to do the job, there began a domino effect both in the job market, and in Americas' economy. Our dollar began to fall and get weak. Old home sells began to fall. Older middle aged people who were loosing their jobs along with medical benefits and retirement had to find other work to pay for the rising cost of Utilities: electric and gas.

By the end of his first term in office, Bush sold the belief that we are no longer a high tech country, but are now a service country.

Now nearing the end of GW Bush second term in the Oval Office, the oil has more than double since the beginning of his first term, more than 3/4 of all the states in the United States are experiencing quick sells, causing mortgages of unsuspecting neighboring homes to be a lot higher than the falling value of their homes. Although the promise of forgiving what is owed sounds good, the truth is that what is forgiven has to be included as income in the following tax year, leaving all those homeowners who are holding on to their homes watching the value of their homes drop. Selling is no option for those of us who are still paying into our mortgages as the value of our homes decline below what is owed.

The Electric and heating gas utilities has continued to rise every year. In my area alone, the electric rate rises twice each year since Bush began his first term with the heating gas rising once each other year.

Now with the gasoline price more than doubled since Bush second inauguration, I can not help but wonder why the American people are not fed up.

When we had Bin Laden in our grasp, it was the Bush administration that backed down. When our intelligence had proof that Pakistan was harboring and protecting Bin Laden, it was the Bush administration that denied, denied, denied.

When will we finally admit that the Republican Party are not the party of the people, but the party of Oil and Big Business? When will we finally admit that you cannot have a democracy, a government by the people for the people with a Republic administration? Is there democracy in Red Communist Republic of China, or the Banana Republics? No! And you will never have a democracy with a Republican administration.