Salvaging the "Stimulous" Package

Excerpt:  Nobody should be surprised to see side-by-side headlines proclaiming that oil is hitting record prices while the dollar is dropping to new lows against foreign currencies. The pieces fit. As America is forced to expend ever more of its monetary supply in order to procure basic commodities from other countries, foreign powers gain greater and greater control of our wealth and our destiny. Consequently, our bargaining position on the international economic scene grows weaker. Much of the inflated price of crude oil directly results from the looming threats of Iran’s Mahmoud Ahmadinejad and Venezuela’s Hugo Chavez, both of whom have hinted at the prospect of cutting supplies in the event of adverse policy decisions by the United States. In other words, our dependence on their product, in this case petroleum, will leave us at their mercy if hostilities flare. Read More