—Yeah, no kidding. Think that might cost jobs?—
Economies bounce back from job loss. We had 25-30 percent unemployment in the US ca. 1932. By 1941 it was down to 9 percent. Germany was even worse; it had 50 percent unemployment when FDR took office here. By 1939 it had virtually full employment. Unemployment reached over 10 percent in 1991-1982; by the mid-90s it was below 5 percent.
—Would it drop back to the level before you hiked tariffs?—
Yes, because energy procured locally would be immune to the speculation and price hikes that oil on the global market is subject to. Also, the hidden costs I mentioned (and you ignored) would no longer be a factor.
Higher prices and lost jobs is no problem, because we'll bounce back? LOL!
Yes, because energy procured locally would be immune to the speculation and price hikes that oil on the global market is subject to.
First of all, oil is priced globally, so even if we produced 80% of our oil here, we'd still pay the market price. Second, any oil we produce in ANWR or offshore has a higher production cost than oil in the Middle East.
Also, the hidden costs I mentioned (and you ignored) would no longer be a factor.
Great, you want to spend less on the military. Maybe you should make that recommendation on a new thread.