Since we have an election coming up, we’d like to ask you to think before you vote. Once again we working stiffs who pay our bills are being asked to pay for another bailout. Since this practice has been going on for more than 30 years, we hope you don’t think this is a new concept.
In 1975 it was New York City that needed a bailout. Then of course we can’t forget the 1980’s and the Chrysler bailout. In the 1990’s it was the Asian and Mexican financial crisis and the IMF bailouts.
We can look at the bright side, after the bailouts of Mexico, Thailand, South Korea, and Indonesia the value of their money dropped. This allowed big corporations here to move there for cheaper labor. It also dropped our labor rates.
And now the house has passed a $630 billion bailout package and sent it to Congress. Naturally the bill includes 2,322 pet projects. And once again we’re asked to tighten our belts for the good of our country.
On the up side, they lifted the ban on offshore drilling. That would be good news, except for the fact that the oil companies don’t trust the government. The ban is lifted for 50 miles offshore or more. Not a problem you say? Wrong. They need to lift the entire ban for a few reasons. If they lift the ban on drilling within 50 miles of shore, things look better. There are two capped wells on opposite sides of the country that could be sending crude to the refineries within a few months because the infrastructure is already in place.
If the oil companies were actually free to drill, it would also create more jobs, lower the price of crude when speculators see the country is actually doing something useful, and some states would see more money from royalties. Yeah, we see why some people would have a problem with that.
Back to the election, please take a little time and look into how the candidates voted, if indeed they did vote. While not everyone believes as we do; we check and vote for the person we feel will do the best job. We have never voted a straight ticket. If what these people have been doing for the last 30 years doesn’t bother you, your a lot richer than we are.
Comments on this or just about anything else are welcome.