Thursday, March 18, 2010

Bret Baier/President Obama interview

This is a letter I sent Fox News:

3/17/10

To:Fox News

From: Jack West
Fairfield, NJ

I thought Bret Baier did a masterful job under trying circumstances of interviewing the “Artful Dodger,” President Obama, this Saint Patrick’s Day afternoon. When Bret would try to get the President to get to the crux of the question he would answer with words which really meant, “Please let me continue with my filibuster.”

I was annoyed the first time I ever heard President Obama mention what he “inherited” regarding the economy and I get increasingly more agitated every time he says it - which is every time he gets on the air. This was no inheritance. It’s what these most radical left wingers, that managed to gain power, brought with them.

Who do we have to thank for leaving us wide open to have economic war being declared on us by the people we rely on to supply our oil needs? Who is it that stifles a more energetic effort for us go after our own vast resources of oil and natural gas? Until the countries that supply our oil gradually raised the price of their oil to $147 a barrel in 2008 this economy was humming along pretty good. The Bush tax cuts of 2003 brought about 46 months of economic growth and for the biggest part of that time the unemployment rate was under five percent. The economy would have continued to flourish the way it had been if we had been energy independent - and we could have been. The price of gas could have continued to be what it was in 1973 when it was 34 cents a gallon. There would not have been the stresses on family and industry budgets that came with the assault on our economy by our oil suppliers. One need only Google “Bakken oil formation” to see what kind of stores we have of oil and natural gas. Geologists indicate that in this area alone we sit on “the single largest oil deposit in the world.” We have deposits in many other parts of the country and offshore.

We are decades away from being able to be energy independent with “Green” sources. While that’s being developed we must rely on oil and natural gas. We can either send a trillion dollars every year and a half to foreign countries or we can make use of our own deposits and put our own people to work getting it. We could be competitors on the world market instead of prey. The Internet lists fifteen of our largest suppliers.
This information can be brought up by Googling, “Crude oil and total petroleum imports.”

Aside from some cursory comment by Glenn Beck, I don't remember any of the other political commentators talk about the effect the pricing of the imported oil was having on the economy in 2008. This was the primary cause of the breakdown of the economy.

No comments: