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but is that any different than politicians announcing that they are going to send everybody cheques and then cutting funding to programs that just about everybody uses???
And before you start thinking Bush, that example is from good ole Kanuckistan!!!! The Fed goverment was heavily involved is supporting daycare by providing funding to private, independantly run daycare centers. In effect subsidizing the tuition these centers were charging...along comes our minority (thank goodness) conservative goverment that announces that it will pay a hundred dollars a month for every child under six directly to the parents....THEN they cut the existing program, a lot of daycare centers close and parents now can't find a place to park the kids at whatever cost.
The part that is truly sad is that Quebec, who had always been ahead of the feds on daycare (to boost french birthrate ostensibly) tried that very same model 10-15 years ago and it did not work so they went back to plan A...It's like the feds never read the papers?????
But back to your IRA issue...given the present state of the market and the political picture starting to emerge, don't you think that people invested heavily in oil should maybe think of getting out??? They have made their money after all...this can't last forever, either the market will correct itself (for that you'd have to believe that pure market forces are at work here and the opinion is still out on that one) OR the market DOES NOT work and the politicians are going to get forced by puclic opinion into doing something about it. Either way the downside is very much on the horizon IMO.
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Political Corner
Cruising Northern Vancouver Island
What do you think about Obama's plan to seize middle income retirment savings? -- Brian, Precision 23, Lake Lanier, GA -- 6/10/08 7:39a.m.
It's worse than his plan to round up CEOs and put them in reeducation camps. 
-- Russell -- 6/10/08 7:43a.m.
-- Arlyn Stewart -- 6/10/08 8:14a.m.
Ok, so I can see your point... 
