Richard Cook

Monday, October 20, 2008

Gas prices finally down. But....

Finally, gas prices have dropped. Here in Byram, I actually paid $2.45 for a gallon of gas. Never thought that day would arrive. There are predictions of it going lower. Not for the but. OPEC says they aren't making enough profit. So they are considering lowering production so that prices will rise. And it seems to be working. The price for a barrel of oil has gone up about $3 today. This is a good example of why we need to begin drilling in the US. We don't need to rely on other countries for fuel. Let's drill here and drill now!

Wednesday, October 8, 2008

Can Our Economy Be Fixed?

To answer that question, yes it can. But what will it take? First off, we don't need to raise taxes. When people are worried how to buy gas, food, health care and such, they don't need the government coming in and sticking their hands deeper into our pockets. Leave the taxes alone unless you want to cut them more. When people can keep more of their money, they will spend more of their money helping the economy.

We also need to cut the capital gains tax. Let's give people a reason to invest money into our businesses and economy.

Don't increase the taxes on the rich. This is just plain dumb. "But they deserve to pay more taxes!". This is the cry of the liberal. The only problem is that the rich own alot of the businesses that supply the goods that the middle and lower classes need. When the government raises taxes on the "big, evil" corporations, they just pass the cost on to us with higher prices. So who is really getting hurt here?

Reagan showed us in the 80s that if you cut taxes, people invest in business. This creates more jobs. This means more people are working and paying taxes and not collecting handouts from the government. Economics 101.

So no new taxes, cut spending, cut capital gains. This is a start. But there is a long way to go. But you don't tax yourself out of the problem.

And the bottom line is that its not Wall Street that makes this country great, its Main Street. The everyday joe that gets up and goes to work for 8, 9, 10 hours a day and comes back to his family. Thats what will fix our economy.

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Thursday, October 2, 2008

Let's Do Whats Right For The American People (Yea, Right!)

Once again, the Senate stepped up to help save America by passing their version of the bail out plan. But once again they go back to old politics as usual. They can't just come together and pass a simple (but questionable) bill. They load it down with pork AGAIN! Here are some of the earmarks added:

- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

The biggest bail out in history and they have to play politics. Why can't we just do what is good for the American People and fix this mess that Congress put us in, in the first place. If they had been doing their jobs over the last few years they could have fixed this. The signs were there, regulators called for an over haul, but Congress didn't listen. So now we're having to pay for their screw ups.