We saw a great sell-off in the stock market Thursday and one of the reasons is the lack of belief that the U.S. Government will get its spending under control and the continued deficit in our balance of payments to other countries.
The continued regulations that block oil drilling in our own country along with the new regulations facing almost all types of energy production, make us spend enormous amounts of money with others to purchase the energy we need.
The production of our own sources of energy would provide hundreds of thousands of jobs, which are high-paying and provided with private money, not borrowed money from the government.
In addition the tax revenue to all levels of government would be very significant.
On another front we must insist that the countries that wish access to our market allow us the same access to theirs. At the present time many, many countries deny admission for our companies to export to them. This must stop.
We can no longer have our workers be taken advantage of by those who would deny access to our goods.
Americans also must become more nationalistic; it is in our interest to buy American every chance we get. We must keep more of our money at home where it will grow jobs here, not overseas.
The governments of the states have work to do as well as the Federal Government in the very important task of examining all rules and regulations with the aim of getting rid if those which hamstring or industry and make us less completive in the marketplace.
Jobs are the key to providing the funds needed to continue improving the lives of the American people. No jobs, no tax revenue for all the things government wants to do.
Buy American. Produce American energy.
Darryl Smith
Kelseyville
