The View From 1776

Dumb and Dumber

If Hillary really believes it, she’s dumb.  And if you believe her, you’re even dumber.

A Daily News article dated December 23, 2007, reports:

MANCHESTER, N.H. - Hillary Clinton predicted Saturday that just electing her President will cut the price of oil.

When the world hears her commitment at her inauguration about ending American dependence on foreign fuel, Clinton says, oil-pumping countries will lower prices to stifle America’s incentive to develop alternative energy.

“I predict to you, the oil-producing countries will drop the price of oil,” Clinton said, speaking at the Manchester YWCA. “They will once again assume, once the cost pressure is off, Americans and our political process will recede.”

The more likely world reaction would be an accelerated drop in the foreign exchange value of the dollar, with a corresponding increase in prices of all imported goods and services. 

If Democrats win the Presidency, they will move to raise taxes (causing business to crater) and increase Federal spending (causing a further over-expansion of the money supply).  With Hillary Clinton, or any of the Democratic candidates, at the helm, expect a major recession with a high probability of repeating the 1970s stagflation: soaring inflation, high unemployment, and a real case of the blues, politically and spiritually.

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