Regarding those economic stimulus checks: Most experts had been counting on those tax rebates contributing more to the domestic economic growth! However, a good part of the ‘bonus checks’ will be going to pay for the increases in taxes (federal, state & county), gas, food, utilities, medical, - there won’t be a whole lot left over to spend on ‘splurges.’ It seems that every month we read about higher taxes & more referendums to pay off – or higher energy costs..& inflation...where will it end? Inflation worries continue to escalate, housing continues to struggle, construction starts & mortgage applications are WAY down. However, this is a GREAT TIME for people to invest here – many of the homes have reduced to realistic prices, interest rates are at a good level (& probably will go up in the future), & there is a long list of properties available to choose from. Besides all that – our island is looking great – thanks to the FIPOA, the Resort, the beautification committees. Driving onto this island, you’ve got to be proud! Let’s hope that our government will develop a decent alternative energy program – not only to reduce the carbon footprint but to reward smart opportunities & develop clean energy. It would be a shame to have expensive oil drilling off our shores. Seems like Big Oil is pushing while Pres Bush is still in office…Though it is true that the US spends roughly $700 Billion a year to buy foreign oil–much of that money lines the pockets of hostile regimes (& the terrorist organizations they support) & unfriendly nations. That doesn’t indicate looking for oil off OUR shores – it indicates finding better solutions. We definitely need to adopt a comprehensive energy strategy to relieve our high fuel prices!
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