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Old 06-17-2008, 12:30 AM
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Quote:
Originally Posted by f0ca1 View Post
Of course not. That's why you voted for Bush, who presided over the exponential increase in energy costs.
Sorry, but didn't vote for him, don't support him or his policies.

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Right, we should invest in Oil Companies. They're really doing us a favor by reaping maximum profits and keeping us addicted.
You act like there is a monopoly in the market.

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It needs to raise taxes and cut spending to balance the budget, but that's beside the point.
Perhaps, but that doesn't mean that they can continue with taxation that is more than what is necessary after they have made up for their previous failures.

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Why should it essentially subsidize one business, that just happens to be the most profitable ever?
Tax breaks =/= subsidies

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But do you support artificially boosting energy companies?

Do you not see how higher prices encourage investment in renewable, sustainable, fuels?
I see how what you are saying would work, but until the market sees investments in alternative energy as economically viable when compared to the price of oil, it shouldn't happen.
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"The raw fact is that every successful example of economic development this past century--every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living--has taken place via globalization; that is, by producing for the world market rather than trying for self-sufficiency."

-- Paul Krugman


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