There must be a better way—so let’s try some different approaches by select subjects. First, ENERGY. Suppose we, as the world’s top producer of oil and natural gas, say that we aren’t going to play second fiddle to OPEC, Russia, or Asia. We will take care of ourselves by only selling our oil and gas in the US. We’ll continue to supplement our energy needs with wind, solar and tidal power. We will work to make our energy production and usage as clean as can be. We will agree to set our energy prices for our citizens first. Second, CLIMATE. We need to prepare to protect our nation against the coming climate change. Use our technology and capabilities to prepare and protect our lifestyles. Third, ECONOMY. We are and will continue to be the most powerful economy in the world. So, all we need to do is print more money. We are the only nation that can print dollars and don’t feel any detriment to our economic strength. Deficits are not a problem as long as we control inflation and grow.Let’s go!!
What do you know about the Federal Reserve Board?
It is the monetary foundation and protector of our economic system. And the dollar upon which the Fed functions is the strongest vehicle for value transaction in the world. We are the only country in the world that has the advantage of the Fed. It is economic driven and guided by its authority. It’s charter is to protect the dollar and be the first line of resistance against inflation. Without the actions of the Fed our Great Recession would have been a lot worse. Now it is guiding us through these extraordinary times . It will support the Federal government as it provides support to those sections of our society that need immediate help. Don’t be persuaded by the critics. Learn the history of the Fed and how it has serviced our economy-and root for it’s participation in our crisis.
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