US economic policy inflating US oil prices.

Please keep all comments and debates civil, no vulgarities, ECT...

The economic stimulus payments might help the short-term economy, but will likely be a detriment to the long-term economy. Our policy of reckless deficit spending and printing more money and cooking the books might put off, slow or delay the problems but tend to make the problems considerably worse in intensity and length in the long run. Bush is put in an awkward position where he is often advancing liberal policies and using liberal tactics. What is essentially printing more money, will put off and hide the problems for a while but will inevitably make things worse in the long run. It's a very similar strategy that Carter and Clinton played.

Essentially when we print more money it deflates the value of the dollar so it takes more dollars to buy foreign oil.

The inflation is worse than it looks, so far it's hidden in most of the economy but for some reason is symptomatically showing up in oil prices most dramatically.

Category:

News & Politics

Tags:

• Glenn
• Beck
• oil
• prices
• economy
• inflation.

[virusbstr]

We need to get rid of the fed ASAP.

[TheAmazingSatirist]

A cheap dollar is good for export. But of course that can increase inflation to an unhealthy degree because the internal amount of goods is reduced while the amount of money is increased.

But pushing the export is a good concept of overcomming the crisis...at least it worked well in some Euro-countries, but then again, things are a bit different over there.

[lezlitaz]

Ding- Ding- Ding- oil priced in dollars?? i think Iran and Iraq did not want to continue to use the dollar and use another currency-----and i thought those terrorists hated us