In November and December of 2010 steel prices shot up a whopping 33%. In January of this year, industry analysts projected steel prices could increase by as much as 66% more. If this turns out to be correct, the rise in steel prices during 2011 will be the second-biggest jump since modern records began in the 1940s. Are steel prices, like oil, pegged to the dollar? You bet they are! As the dollar continues its decline, oil and steel prices rise to compensate. Our indebtedness caused by out of control spending and our inability to address it, affects everything we do from the top down, and globally. Businesses will continue to seek remedies elsewhere and American workers will progressively go from being productive manufacturing specialists to members of a service only society.
We’re now paying for generations of weakness and the inability to say, “NO.” Our folly has finally caught up with us and the consequences are going to cause strife in our lives, but not the kind of strife we’ll see by listening to pundits and politicians alike making cheap promises based upon meaningless cuts and a willingness to raise the debt ceiling based on fear and trepidation.
The invisible hand of the free market is the only remedy for what ails us and those that claim to have another remedy are obviously doing nothing more than testing the direction of the political winds. This Country always has been and always will be the greatest Country on earth. American exceptionalism isn’t dead, it’s being restrained. Let’s loose the chains and shackles of debt and despair. Let’s hold everyone regardless of political party responsible for the misguided decisions they’ve made. Let’s pull ourselves up by the bootstraps and once and for all take back what men and women have given so much for since this country began more than 235 years ago. Let’s finally do what we all know needs to be done…VOTE!