The ups and downs
March 17, 2022
To The Eagle:
Despite higher wages, inflation gave the average worker a 2.4% pay cut last year, while unemployment went down to 3.6%, so great and not so great. Many factors involved, and I’m not an economist, but I consider the glass half full. The gas price seems to be the biggest creator of howling. Many blame the cancelling of the XL pipeline for us importing some oil. That is a fallacy supreme, as the pipeline was never completed and it was for Canadian tar sand oil. The imported oil is for refining and reselling to the world at large, so we are a net producer of petroleum products.
Russia (OPEC country) provides roughly 10 percent of the global supply of oil. Russia is one of the three top oil producers in the world, after the United States and Saudi Arabia, so now with disruption and war by Putin, it will go even higher, leading us to perhaps lift sanctions on Iran and Venezuela, to pump more?
A former writer suggests the Big Lie of a stolen election was real and was not court tested and recounted so many times the ballots were getting thin, only a minute few improper ballots were found, with a majority of such for our former president. He is also called the one term, twice impeached president, who is under civil and criminal scrutiny; the best ever? Compares Ukraine to New York?
I’ll say it again: I am so glad we have Biden as president dealing with world affairs.
More on the wall never built, instead repaired.