Why Government Matters

Ed Morrissey at Hot Air posted an article yesterday about energy independence--you remember, the issue that disappeared after the price of gasoline went down.  Well, it may come back with a vengance.  On Tuesday, the British paper, The Independent published a story stating that secret talks were going on between the Russians, the Chinese, and some Arab states about no long paying for oil in American dollars.  The report was promptly denied, but actually, it needs a second look.

In order to prevent a depression after 911, the Bush administration lowered interest rates to a point that undermined the value of the dollar overseas.  This was partially responsible for the drastic increases in gasoline and oil prices we saw in the last year of the Bush administration.  The fiscal policies of the current administration in Washington have also seriously impacted the value of the dollar.  The out-of-control spending will eventually lead to inflation, making the dollars held by other countries worth less than their current value.  This will create a reluctance to buy into US bonds and securities. 

Sarah Palin referred to these events on her Facebook message on Tuesday.  She points out that:

"In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing primarily on "green energy," while ignoring our need to develop our domestic conventional energy resources.[5] We're ignoring the looming crisis caused by our dependence on foreign oil. Because we're dependent on foreign nations for our oil, we're also at their mercy if they decide to dump the dollar as their trade currency. We can't allow ourselves to be so vulnerable to the whims of foreign nations. That's why we must develop our own domestic supplies of oil and gas."

No one in our current government is paying attention to this danger--they are too busy advancing their own interests--not ours.  It is time to take a serious look at the people making our national decisions and consider if replacing all of them might be the best thing for our country.