Since the Democrats took over control of Congress in 2006 oil prices have increased 75 percent, yet there is no proactive policy from the Democrats to reduce oil prices by increasing the domestic supply and nuclear power. When oil prices were at the $2.00 to $2.25 level along with Wal-Mart’s pricing strategy and the Bush tax cuts, inflationary pressures were kept at bay. This gave us 52 months of low unemployment and a steady 3 percent to 4 percent rise in GDP growth and some of the largest tax revenue increases to the federal government, because of steady growth.
Today, the Democratic Congress is in charge holding us hostage worrying about the global warming/CO2 emissions hoax more than growing our economy by more domestic oil production and using those revenues to find cheap alternative energy solutions for the future. We see $4-plus gas prices causing inflation, transferring a massive amount of wealth overseas, wreaking our economy, which will eventually lower tax revenues for the federal government. The Democrats will be only more than happy to raise tax rates with a Democratic president in the White House.
The pending recession causing federal budgetary shortfalls will give them good reason to raise tax rates. The new marginal taxes will only reduce tax revenues further. Will we ever learn?
Bill Russell
The short answer is NO! Nearly half of the American voting public seems to favor socialism over capitalism. Its easy being a RAT politician in this political environment. Every problem has the exact same solution; increase taxes and regulate the dog snot out of the targeted industry.
No, not until:
1) Republicans become fully ‘conservative’ again.
2) Republicans invest in mass media such as the Internet to carry the message and pick up activists. FR is great! But we are outgunned 10 to 1 with liberal blogs.
The brainwashed masses are still convinced it’s all Bush’s fault and do not realize that a Congress and Senate create laws and pass them. The President either just signs or veto’s. That is what American’s need education about, that studying there State Representatives is actually equally as important as to whom the next President will be.