Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Governmennt regulation is limiting access to these natural resourses!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy! It will just be more useless blah blah blah tomorrow!
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Would Cheap Domestic Energy Lift The American Economy Out Of Recession?
Posted on September 10, 2011.
Drilling is at its highest in 25 years.
Reducing regulation? BP showed us the result of that.
depends on how we get that “cheap domestic energy”. you can’t legislate it to affordability. We’ll have to find and drill it. the recession is a result of the obnoxious regulatory burden placed on businesses. remember, you cannot raise the price for doing business without a corresponding rise in the price said business charges its customers