Saturday, January 26, 2008

ONE SIMPLE MOVE BY CONGRESS CAN PREVENT A WORLDWIDE RECESSION

Our current economic jitters are caused by the sub-prime panic and the extremely high price for a barrel of oil.

The monetary moves of the FED have helped the situation, but that's just dealing with one part of the problem.

TO PREVENT A WORLDWIDE RECESSION, WE MUST ALSO GET ENERGY COSTS DOWN.

Oil prices are high because of supply-and-demand: demand is up but supplies are flat.

CONGRESS CAN CHANGE THIS.

All Congress has to do is expand energy supplies, and the price of oil will come down.

All we need to do is start oil drilling in ANWR, off the coasts of CA and FLA, and license a dozen clean-coal power plants and a dozen nuclear power plants, and the price of oil will drop the next day.

BUSH SHOULD DEMAND THIS OF CONGRESS IN HIS NEXT SOTU.

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