by Kylon » Wed 30 Apr 2008, 16:05:25
That's insane.
How low can they push it before all foreign holders pull out?
The rest of the world is subsidizing our lifestyle, if they push it too low then the economy may completely collapse.
What the economy needs isn't more money, but rather proper allocation of the money(and resources) that it has.
If the government would step up it's mining of coal, and coal power production while constructing the appartus for mass production of nuclear power plants for nuclear power, then the energy cost would go down, decreasing cost to manufacture all of the goods, as well as the shipping cost.
It would also create a HUGE number of jobs in the construction industry, the energy industry, and in the government(bureacratic jobs, security jobs, ect...).
Clinton had it right, the way you keep a good economy is you make sure everyone has jobs.