Category Archives: US economy

“Only Government…..”

When you prepare new ground for a garden, you have to do a lot of prep work before you can actually plant your seeds, tend the young plants, and finally, reap your harvest.  Pres-elect Obama is in the ground prep phase of his upcoming administration.

He’s telling all of us, almost every day, in as non-threatening way as possible, what he intends.  Many Americans won’t actually hear him, and even if they do, they will not know what he means.  I believe he is telling us exactly what his intent is.

“It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe,” Obama said. “Only government can break the vicious cycles that are crippling our economy — where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.”

Folks, we can’t say later on that we “had no idea” what Obama and his crew want to do.  The direction they want to take our country in is a clear break from our past and present path of liberty, free market capitalism, and equal opportunities for all.

I don’t believe for one second that only government can resolve, or even begin the resolution of this economic crisis.  As harsh as it sounds, we must allow the free market system to work as it would naturally.  If companies, even huge companies upon whom millions of people depend, have been irresponsible, careless, or frivolous with their cash, then we should allow the natural consequences of these actions to happen.  I for one can’t quite figure out how just giving billions of dollars to companies that run through money like a hot knife through butter will make any difference in the long run.  What will be different now, that will keep them from needing another bailout next year?

I am not an economist.  I don’t know a lot about economics and financial matters, but I do know that if I spend more than I bring in, and max out all my avenues of credit, that is my problem.  It’s my situation that I get myself into, and it is morally and ethically wrong to go ask my neighbor to pay my credit card bill and make a deposit into my bank account, so that I won’t go bankrupt.

I know these rules, and I go by them.  Corporations must do the same.  It is basic economic priniciples, and letting those principles work as they should brings short-term pain and hardship, but true recovery and increased prosperity for all in the end.

“Only government?”  Codespeak for “we know what’s best, and we’re going to move the country toward socialism like we’ve been trying to do for decades and now finally we have the best shot at it that we’ve ever had.”

Pay attention, people.

Reblog this post [with Zemanta]

2 Comments

Filed under Conservative Principles, US economy

Sen. Jeff Sessions’ letter to Pres. Bush…..

Alabama senator Jeff Sessions has written a great letter to Pres. Bush, asking him to personally oversee Sec. Paulson’s actions on the bailout money.  I found it here, and it’s worth reading.

Leave a comment

Filed under Conservative Principles, US economy