Rick Santelli's Chicago Tea Party |
| Posted: 12 Jun 2009 10:10 AM PDT Since the end of April, the nationwide price for a gallon of gas has jumped about 22%. Of course, in the pretend land of government, fuel prices are not included in inflation statistics. But, the US taxpayer is beginning to feel the consequences of a weak US Dollar and a precipitous rise in crude oil prices. Gas prices continue to exceed most economists’ predictions, and many wonder if the recent surge will further extend the current recession. Early last year, severe weakness in the Dollar exploded gas prices to over $4 a gallon. With even more money printing, more spending, and more borrowing, are we headed there again? We’ll have to wait and see. A weak US Dollar punishes the American people. Inflation is an insidious tax that robs hardworking taxpayers of their savings, wages, and purchasing power. Our last President, with the help of the Federal Reserve, significantly devalued our Dollar, and the current President, with the help of the Federal Reserve, seems bent on pursuing the same path. Read here. |
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