Results tagged “Economic Problems” from The Blogging Councilor

There was a time when we were facing worse economic problems as a country than we were facing when Obama took office. We recovered quite quickly and had the fastest growing peacetime economy in the history of our nation.

Now I am beginning to believe that this economy will take many years to recover, if ever and it WILL get worse before it gets better.

So you may ask what the difference is. The cartoon below captures it completely.


Then and Now.JPG

I am not very happy right now and it goes way beyond the economy. We have had many years where the Republicans in charge in Washington forgot their Conservative roots. Regular increases in the size and cost of government; amnesty for illegal immigrants; earmarks for anything and everything; and government stepping into the free marketplace. We have increased our debt to China so much that not only will our children be paying it off but our grandchildren will probably be saddled with some of it.

Market corrections that should have happened in the 90’s were hidden by our government making more money available to us. This has resulted in our financial market leading the way into the recession we currently feel. There are many problems going on in the economic affairs of this country but the lack (see Refusal) of financial backing to many businesses has caused them to cut back. We have Legislators giving out MILLIONS of OUR DOLLARS like they were passing out pocket change. This is supposed to stimulate the free market. The problem is the money they gave to the banks was used to buy their competition and provide multi-million dollar bonuses to the executives that put them in this position. Where will it end?

 

It has been over a month since my last post. I have had a very busy schedule and my computer had warranty issues and had to be repaired. My apologies.

I have been monitoring everything going on and have a notes and information on things I want to post.

I have to start somewhere and today I saw a Letter to the Editor in the April 23, 2008 edition of the Laconia Daily Sun from Sean Holgate of Laconia concerning the prices of fuel and heating oil. The letter is shown below in its entirety.

 

Union Leader, March Madness Cartoon.jpg

Now high will the price of gas go before we decide to act?

To the editor,

So gas prices rose three times in one day. I go to work at 6 a.m. and the price for regular unleaded was $3.09.

At 11 a.m. I go to lunch and the price was $3.14. I get off of work and the price was $3.19. This was a couple of weeks ago when gas was cheaper. Now we go past $3.40 a gallon. To fill a average car gas tank (let’s say 16 gallons) it will now cost you $54.40! But if prices keep rising like the trend over the last six years, we will be wishing for cheap gas like we have now.

In July 2003, a gallon of gas was $1.50 in the Boston Area. In July 2005 it was $2.25 a gallon. In June 2007 it was $2.90.

(Check out gasbuddy.com for charts of gas rates over the last 6 years.)

So in four years, gas prices doubled. Now think of this today at $3.40. By April 2012 it will be $6.80 a gallon — $108.80 a tank full.

Now remember everything else will double in price — food, heating oil, utilities, etc. Will you be making double the income you are making right now? I don’t think so. I know I won’t be.

When will it be enough? When will someone stand up and say no more? We need to pass laws to prevent price gouging on a daily basis. We need to open the federal oil reserves and lower the price of fuel so Americans don’t have to figure out how to put food on the tables and heating oil in the tank. How many of you had to put home heating fuel on a credit card this year? I raised my hand. How many of you are going to use your extra money the government is giving you in May to catch up on bills you didn’t have a couple of years ago? Other hand raised. Both hands raised means I surrender!

I have been blessed to be raised in a country that stands up for what it believes in. The Boston Tea Party comes to mind. How far do we need to be pushed before we start to push back? What can we do?

Maybe park the cars for a day. Maybe protest in Washington DC and let the president hear the people of the United States of America! Maybe....maybe.....maybe nothing....maybe the price will hit it’s peak and then it will fall on it’s own.....Right!

If we do nothing, then who’s fault is it when we are paying $10.00 a gallon (around 2015) and only the rich will be able to afford to drive? Hopefully the Hybrid gets 200 mpg by then!

Sean Holgate

Laconia

This is something of great importance that will also indirectly affect our family budgets in the higher costs of the goods (food, medicine, clothing, etc…) and services that we use in our lives everyday.The factors that affect the oil prices are quite complex and I don’t want to take up too much space right now.

 

I will follow-up with information about how we got to this situation and what I see as viable short term solutions in the next day or two.


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