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The unprecedented easy money policies from the Federal Reserve haven’t helped the real economy. Sure, they did pump enough billions of dollars into Wall Street Banks and Government Agencies to make sure the leather loafer wearing crowds in New York City and Washington DC are still swimming in cash. But for the majority of Americans, they have felt only the pain of higher food and energy prices from the misallocation of dollars.
This week, as we fueled a rental car near the San Diego airport, we paid fifteen dollars for three gallons of gasoline. At these prices, Americans are spending as much as $100 a week just to fuel the car to commute to work. Why hasn’t the president cleared the decks to deal with this energy crisis? It is a crisis when it costs as much to commute to work as you make in take home pay. Many Americans are already at this tipping point. Obama mutters on about windmills and electric cars. We need off shore drilling and increased production to ease this pain.
At least open the Strategic Petroleum Reserve to bring down prices in the short term.
While the nation shudders under unmanageable regulatory and monetary burdens, Obama is oblivious. Obama is flying from city to city collecting cash for his re-election drive. And don’t let us forget he is spending over a hundred thousand dollars to a teleprompter coach.
And we thought standing and delivering a prepared text in front of a teleprompter was a skill he had already mastered. How about a coach on how to manage the American economy? Obama’s priorities are obvious, and they aren’t on helping everyday Americans, but his buddies and himself.
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