President Obama, Democrats must get on board to save our economy, and our nation.

By Oscar Y. Harward

Rising oil and gasoline costs are harming our economy. As our feeble economy attempts to rebound, President Obama and Democrat Party policies decelerate our American economy with additional taxation and regulations which increases gasoline costs; thus, creating more unemployment for workers. Many families are struggling to maintain their homes and hold their families together.

It appears that Capitol Hill Democrats’ decision for years 2001 through 2008 was to destroy America’s economy and blame George Bush. In the 2008 election year, Democrats, with the support of left-wing Media, were able to convince American voters that the economic failures were due to George Bush’s policies.

In the first place, instructions by Democrats Sen. Chris Dodd and Rep. Barney Frank, to change policies at Freddie Mac and Fannie Mae, allowed consumers to purchase homes who, otherwise, were not qualified to purchase certain homes. President Bush warned of this, in 1991 and 1993 http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=grec_index. These instructions by Sen. Dodd and Rep. Frank has led to many foreclosures.

Secondly, on April 18, 2008, President Bush asked Capitol Hill Democrats for legislation to allow offshore drilling where known oil reserves were located. Capitol Hill Democrats said no. Capitol Hill Democrats continue to say no for additional drilling for oil offshore, in ARWR, and other known oil reserves inland. Capitol Hill Democrats insist on new drilling where little or no oil has been located. Escalating oil and gasoline prices are another cause for our economic failure.

Thirdly, out-of -control spending on Capitol Hill has further damaged our economy leaving each taxpayer with a debt nearing $126,000/each. After some $2 trillion fix for our economy in 2009 and 2010 years, American consumers are being economically squeezed even more, just because of these increasing costs of gasoline.

President Obama and Democrats on Capitol Hill continue to say that drilling, recovering, and refining oil is not the answer to bringing down the prices of gasoline. That is just not true! More product supplies always reduces cost in a free and open economy.

The cure is to drill and recover our own “known oil reserves”. Capturing “known oil reserves” can create more supply, therefore reducing oil and gasoline prices, making our government “oil independent” from OPEC nations, and expand our economy.

On June 15, 2010, President Obama, reporting on the BP oil spill from the Oval Office, told America how we needed to break our dependence from oil. President Obama needs to learn that oil is a natural source of energy for a growing economy. His remarks were remindful of President Jimmy Carter in 1977. His oil policies lead to limited gasoline and lines at the pump.

America is floating in oil with our own government officials, primarily members of the Democrat Party denying Americans from capturing this natural resource. The Arctic National Wildlife Refuge (ANWR) http://pubs.usgs.gov/fs/fs-0028-01/fs-0028-01.htm,
alone, holds 10 billion barrels of oil.

It is imperative for America and the free world to defeat terrorism at all cost. America is the world leader to defeat terrorism around the world. It may be argued that Capitol Hill Democrats are denying consumers the right to recover our own oil for refining gasoline. American consumers, by purchasing gasoline from OPEC nations, may be forced to finance the same Islamic Muslim nations’ erroneous outlaw terrorists’ armies.

America has an abundance of oil waiting to be captured underground in Colorado, Wyoming, and Utah, Texas, California, and Kentucky. North Dakota and Montana alone, has an estimated 3 to 4.3 billion barrels of oil.

America has more oil resources available than all of the oil in the Middle East. America has an estimated 2.3 trillion barrels of oil to serve our total needs for 300 years. America must drill now. Our known resources could make America an exporting nation rather than importing of oil. Our addiction to imported oil is now more than $4.4 trillion.

Without positive action, Former Shell Oil Company President, John Hofmeister, is saying gasoline may reach to $5.00/gallon by 2012 http://www.environmentalleader.com/2010/12/28/former-shell-oil-president-5-gasoline-in-u-s-by-2012/ . The rising cost of gasoline may completely destroy our free American economy forever, as we know it now.

Drilling, refining, and recovering oil and refining for gasoline now will create new jobs and permit the expansion of existing jobs for Americans in the workforce. This is one corrective action for President Obama and all members on Capitol Hill to complete, and to get on board with common-sense policies to save our economy and our nation.