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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: bullbud who wrote (8301)	3/8/2008 2:43:34 PM
From: jim_p	Respond to of 50425

Taxes will have to go up and entitlements will have to be reduced. This will occur at the same time the value of our saving will be drastically reduced by inflation and the baby boom generation will be retiring. My bigger concern is that we are already starting to see a trend where several countries have already outlawed the export of certain crops in order to assure that they have enough food for their own citizens. My guess is this trend will continue as commodities become more scarce. In addition, if we don't start seeing an increase in the supply of oil you can expect that same trend to take place with oil and NG from exporting countries. The depression of the 30’s was triggered by an attitude of protectionism. During a period of scarce commodities/food/energy why would anyone think that won’t happen again especially if we get a democratic Congress and President who believes that we need to protect domestic jobs? There was a time back in the 70's when Canada didn't want to export NG to the US and my guess we will see that happen again along with other oil exporting countries as demand continues to outpace supplies. Jim