Reply to a comment

You are witnessing the manipulation of currency for battle. The FED is making decisions with a rear view mirror. The QE2 will exacerbate inflation that is now happening in the commodities (input costs). The FED still thinks we are in a deflationary period, and that is true if you look at housing, but if you strip this away and look at PPI you know inflation is here now and yet the FED is still using old quarterly data to formulate policy going forward.

And we all know inflation is the most brutal "tax" on Americans because it is most destructive to those who are most vulnerable the poor and middle class. But it does make our existing debt manageable. Oh so many intended and unintended consequences.

On balance, all the borrowing in the stimulus has been wasted on supporting state and municipal balance sheets. Which in my book is government welfare for government but paid by working Americans that are diminishing in numbers. And increase in taxes to pay for failed policy cannot compete with countries with lower tax and regulation policy. On that front the Fed is powerless.

To truly compete, low cost is the key and anything that increases cost without a beneficial effect to competitive forces is waste. And American government policy is rife with waste.

You want a great boost to America, unleash the domestic energy production capacity and allow all energy sources to compete on a level non-subsidized playing field without manipulating regulations to promote specific producers.

A good proposal out there is the Pickens Plan. Its domestic. It will produce jobs, and will reduce the greatest hidden tax on Americans, the cost of imported energy and will foster growth of other opportunities without adding costs. And will have a MADE IN AMERICA and in some cases will be UNION made. How's that for endorsing unions when they help workers and not union PAC's.

It is tough to engage in a debate with a 3000 word limit blog, but it does force you to be concise and to the point and it is fun. I encourage our Council to engage and perhaps use as a tool to hone there position in a public venue.