Posted by
Republiservative on Tuesday, November 09, 2010 6:39:24 PM
As Americans For Limited Government president Bill Wilson said: "History has now shown that the 2008 energy and commodities bubble was directly related to government's weak dollar policy. But that didn't prevent Representative Upton using it as a pretext to raise taxes on energy producers, who largely are blameless for inflation caused by printing too many dollars."
In that the Federal reserve has PUBLICLY announced it will buy another $1.76 trillion dollars of Treasury Bonds, thus putting MORE dollars into market-actionable if constructive circulation, and this is bound to cause whopping devaluation of the dollar in 2011; and whereas cuts to Federal and State budgets (except prisons/enforcement) together with expired Bush era tax cuts and gross inflation from devaluation will be used to "reign in inflation" precluding job/trade/occupation possibilities,
Wherefore, I respectfully submit that it is not in the best interests of the United States population at-large to endorse Energy candidate Fred Upton or anyone sharing the view that subsuming cash flows in such ways does any good whatsoever to anyone not in some government.