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That phrase "predatory lending" is confusing to me - what does it mean? Pointing a gun at people's heads, and making them sign a bad loan? Do YOU read what you sign? Do YOU wait till you understand what you're signing before you sign it? Are adults to be treated like children by the government? When people take out a loan with an impossible balloon payment, but gamble that the equity will grow enough by the time it comes due that they can refinance - is that "predatory lending"? Or is it better described as "made a stupid bet and lost"?And that "whoever" was exactly - who? Hint: it's a political group that starts with "L" and isn't libertarians.Well, gosh, lessee - if the offshore drilling hadn't been banned in 1981, we'd be running at full production now, wouldn't we? The thrust of my question is HOW WE GOT TO WHERE WE ARE NOW. BUT if we don't start drilling NOW, how much worse off will we be later?Your claim of a high price for oil is simplistic. Because of the huge US trade defict, caused in large part by imported oil, the dollar is weaker and the dollar-denominated cost of oil correspondingly goes up. By pumping much of our OWN oil, the dollar would strengthen and the world price of oil would go down.
That phrase "predatory lending" is confusing to me - what does it mean? Pointing a gun at people's heads, and making them sign a bad loan? Do YOU read what you sign? Do YOU wait till you understand what you're signing before you sign it? Are adults to be treated like children by the government? When people take out a loan with an impossible balloon payment, but gamble that the equity will grow enough by the time it comes due that they can refinance - is that "predatory lending"? Or is it better described as "made a stupid bet and lost"?
And that "whoever" was exactly - who? Hint: it's a political group that starts with "L" and isn't libertarians.
Well, gosh, lessee - if the offshore drilling hadn't been banned in 1981, we'd be running at full production now, wouldn't we? The thrust of my question is HOW WE GOT TO WHERE WE ARE NOW. BUT if we don't start drilling NOW, how much worse off will we be later?
Your claim of a high price for oil is simplistic. Because of the huge US trade defict, caused in large part by imported oil, the dollar is weaker and the dollar-denominated cost of oil correspondingly goes up. By pumping much of our OWN oil, the dollar would strengthen and the world price of oil would go down.
