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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (141956)	10/6/2005 6:13:57 PM
From: DMaA	Read Replies (1) \| Respond to of 793963

If people were as ingenious at finding ways to create wealth as they are at coming up with reasons markets can't work, there'd be no want in the world. but I have more confidence in the markets getting it right then I do in government getting it right.

To: TimF who wrote (141956)	10/6/2005 8:32:42 PM
From: carranza2	Read Replies (1) \| Respond to of 793963

Your arguments are based on supposition, but there is one fact that cannot be avoided: market forces do not take into account the national interest. If they did, we wouldn't be beholden to foreign producers who do not share our vision of what the world should look like. If terrorists, Hugo Chavez or some yet unknown Saudi royal decide that it is in their interest to stop supply, we will rue the day we didn't do the necessary to prevent ourselves from being held hostage to them. I hope that day never happens, because unlike you, I think that the risk of a serious depression is considerable in view of our budget and trade deficits for the discussion is not simply about oil but about the problems we have along the entire economic horizon. Market forces can be controlled temporarily as the national interest dictates. It happened successfully during WWII with rationing and it can happen with respect to oil. We simply cannot continue to put our nation at risk by importing such huge amounts of oil from countries which do not share our vison.