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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (133561)8/21/2005 10:47:06 AM
From: JDN  Read Replies (1) of 793743
 
A modern industrialized economy runs on energy. With energy prices soaring I can believe that inflation will soon raise its ugly head. Then I suppose Greenspan will further raise interest rates to combat it, this could result in more unemployment and ultimately a recession. Not a good sign IMHO. Just too bad we didnt open up other areas for oil exploration, push nuclear fuel more and start a program to build more refineries. Bush isnt to blame, congress is but I suppose Bush will take the heat. jdn
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