The price of oil hit $134/barrel today. Labor figures show 5.5% unemployment. The Democrats have decided to exploit this situation for their political advantage. They want to press Republican presidential nominee John McCain by bringing up legislation to extend unemployment benefits (how this benefits the 94.5% employed, I don’t know), give federal assistance to homeowners facing foreclosure, and promote and undefinded plan to address soaring gas prices.
Unemployment is still near historic lows. Most homeowners are not in foreclosure. Our economic woes are due to energy prices, not low unemployment or home foreclosure.
Democrats need to stop blocking energy development here at home. You can’t legislate low energy prices. You can take the restrictions off and let industry produce it though. Now is not the time to exploit bad news for political gain.
We are not in an economic crisis, we are in an energy crisis. It’s the energy stupid. Take off the chains of beauracracy and let us develop our own resources to reduce our dependency on foreign oil.
That is how we will solve the energy crisis.