Tuesday, March 11, 2008
Strange Advice for the President
I guess the programs they support do not matter. Such as the misguided Federal program to increase ethanol production by a factor of six, an effort that is driving up corn and food prices; such as the horribly ill-advised government push to get home loans to people who could not afford them. Or maybe they might want to reconsider their unwillingness to act strongly to shut off the flood of illegal aliens who have undoubtedly held wage rates down for citizens in the lower skill occupations and their support of environmentalists who have made drilling for oil within our borders and offshore impossible not to mention the blockage of any new refineries.
This is the newspaper that has thrown its support behind the colossal waste of money in the North Shore Connector. It has promoted every failed education scheme, was extremely dilatory in recognizing the disaster that is the Port Authority with its horrendously expensive and inefficient operations and has supported every proposed new tax in the County. They simply have no credentials or credibility with which to propose fiscal and economic solutions.
Today's economic problems created by sub-prime mortgages and a never ending string of massive trade deficits that have put the dollar under overwhelming downward pressure will not be solved by the ill-considered and intellectually empty nostrums offered by the paper.