By Budd Schroeder | Wednesday, July 30th, 2008 at 12:00 pm
Finally, the people of America are waking up to the fact that if the Republicans and Democrats got their act together and stopped catering to the super rich that control OPEC, they could cause a decrease in the cost of fossil fuel energy.
The politicians are too concerned with their major issues — read that “reelection,” to bother with actually doing something positive to help bring down the cost of gasoline and natural gas.
They have found that Americans will pay four dollars a gallon for gasoline, and they are trapped into paying outrageous prices for natural gas because, particularly in the northern states, they don’t like the idea of freezing during the winter.
However, Americans are getting angry and just may digress from their bad habit of voting party lines, and actually vote to protest when they go to the voting booths in November. Not having the “take for granted vote” as a reliable power base can be a real wake up call for the professional politicians and those who call the shots for them.
We strongly believe that the politicians didn’t allow this debacle regarding the economy to happen, but rather, MADE it happen. They let the banking industry run rampant with sub-prime loans and financially raping the public with fees and penalties on credit cards. The banks gave credit to those they knew were not good risks, but then again, profits can be made with high interest rates.
These interest rates are outrageous. Leo the Leg Breaker who worked for the corner loan shark could go to jail for charging more than 25 percent interest on loans. But the legislators seem to believe that is OK for the banks to do so for those who have difficulty making even minimum payments. Then again, banks and bankers can be very generous when it comes to buying tickets to political fund raisers and making donations to the political parties. Think there might be a bit of cause and effect with this practice?
The housing market ran amuck with people speculating on real estate prices and driving the cost of homes to ridiculous highs. A house is a building and has a fixed intrinsic value, but it escalates depending on location. A house in Western New York that cost $200,000 can cost five to ten times that much in the “desirable” locations like California, Florida and the suburbs of Washington, DC.
People looked beyond the function of a house and made it into a status symbol. They might have two children, but figured they had to have five bedrooms and multiple bathrooms. And, what’s a house without a swimming pool? Now that the money supply is drying up and the balloon payments are hitting them, they are going to lose the house and all they put into it. That is not necessarily the fault of the politicians, but they should have passed laws governing irresponsible financing.
During this boom, a lot of people became very rich, so perhaps that is justification enough for letting these practices continue. Politicians like to follow the money.
When Senator Obama, with his highly developed skills for oratory, talks about the change he proposes for Americans, it is highly likely that it will be the dimes, nickels and quarters left in our pockets because he and his grandiose spending programs will be taking the dollars out of our wallets.
The way to get true and lasting change that will benefit the citizens is to send the strongest of messages to the politicians on Election Day. If they get ambushed by independent thinking voters who won’t vote for their party, that will bring about REAL change. Survival and self-interest are the top motivating forces for the professional politician. They don’t like unpleasant surprises and will have to pay attention to significant trends in voting.
Perhaps this is the year the sheep with turn into wolves and start biting back.
Budd Schroeder is a member of the Board of Directors of the National Rifle Association. He is Chairman of the Board of the Shooter's Committee On Political Education (SCOPE) and Vice President of the Judges & Police Conference.
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