Opinion

Democrats have led us to economic crisis

Posted October 10, 2008 11:00 pm

Democrat's version of fiscal responsibility is finally emerging

On March 15, I listed in a Fence Post some of the Democrats' achievements since they took over the majority in both the U.S. Senate and U.S. House in January 2007.

I thought I would update the list.

Remember, it was Nancy Pelosi and Harry Reid who promised to be fiscally responsible if the Democrats got the majorities.

Well, here it is folks in just under 22 months, the value of retirement accounts (401ks, etc.) has decreased by $2 trillion, the average price of gasoline has gone from $1.90 to $3.48 per gallon, the housing market has collapsed, the mortgage market has collapsed, the credit market has collapsed, the stock market has lost about 20 to 30 percent of its value, food prices are up, taxes are going to go up if they keep the majorities, the unemployment rate is slowly creeping up.

Are you better off today than you were before Jan. 1, 2007? Are we now headed in the right direction?

John Strzelecki

Mount Prospect

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