Obama says: "It is absolutely true that we can't depend on government alone to create jobs or economic growth. But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life. It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs."
I say hogwash! We can only depend on government to confiscate and squander our hard earned wealth just as they've consistently done with every such grandiose plan to "help" Americans previously implemented. All these grand ideas never solve anything - they just become justification for doing more to fix what's wrong with the previous effort. The approximate 30% decrease value of our savings is the direct result of government's silly policies and practices that finally caught up with everyone. Yet some want to go back to the same fools for answers! That's dumb! The private sector can do just fine - including eventual recovery from the government's instigated mess - if the government will let us all keep more of what we earn and use it as we know best. All the wealth, all the jobs, all the improvements, etc. - all come from the investments and labors of the private sector. The government is merely a leach - necessary only in some few areas - that skims from the productivity of American's workers. The President can help by stopping his spread of panic among Americans and promises of salvation from the problems that will not be forthcoming for his plans. His logic is completely flawed because, in fact, the resources he seeks will come from the private sector in the form of taxes. If we don't have these resources then we must be making a huge loan - to be paid back with interest to someone by none other than US taxpayers - or the US Mint is about to print a bunch of funny money - to be paid for by all Americans through serious inflation. Want he's latched on to is a dream to implement all his liberal ideas in the name of saving the economy. This man isn't a leader - he's a smooth con artist.
Government Only Entity Left
Discussion in 'Political Debate & Discussion' started by Dragoon68, Feb 9, 2009.
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The Keynesians do not understand that wealth only comes from the "private sector." Wealth only exists by virtue of how individual human action prescribes marginal utility, and how this projects to the macro scheme. All that a government can do is dilute, debase, and/or redistribute wealth. The government is not a source of wealth; it is (supposed to be) a limited burden on society to maintain order. The government is a (limited but necessary) liability; not an asset.
You cannot create wealth through taxation.
You cannot create wealth through deficit borrowing and spending.
You cannot create wealth by printing paper certificates (apparently wealth does grow on trees).
The economic problem is a result of government "stimulus." The low interest rate policy caused people to spend money that they didn't have to create asset bubbles that were not prudent. Resources are now improperly balanced and the government must retract its poor monetary policies to allow the economy to reliquefy by selling bubble assets and reduce excess inventory. More bubble policy will result in more of the same problem; it will not cure it.
What is it about about basic economics that policy wonks and their supporters do not understand? -
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Revmitchell Well-Known MemberSite Supporter
They want to take by force taxes for the private sector but out of the other side of their mouth claim that the private sector cannot "jolt" itself. If it cannot jolt itself it cannot provide taxes. Their logic fails all reason.
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The jobs bill has tax cuts, not tax increases, Pastor Mitchell.
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So you are saying that all of those years that the GOP controlled the Congress and all of those years that the GOP controlled the White House that there were no conservatives - what about Gingrich, Paul, Armey, et al?
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I believe that the problems were caused mostly by bad government policies causing market distortions through artificially low interest rates and lax lending standards stemming from the central banks down through the market. Therefore, the solution is to allow the market to correct itself and reduce the burden of government by cutting taxes AND cutting spending.
You believe that the problems were caused mostly by corporate greed at the root causing consumers to overspend on overvalued assets; and that this malinvestment was a result of not enough regulation in the free market. Therefore, the solution is to allow the government more oversight to regulate corporate executives so that they cannot cause market speculation and inflate stocks and asset valuations by increasing spending, redistributing wealth, and increasing taxes if necessary to aid the other two.
Please let me know if I have you wrong. -
I don't blame consumers. I blame the laissez-faire policies of the Bush administration.
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Paul is a true economic conservative in my view. Simply one of the best I have ever observed.
To call the GOP as a whole "conservative" during the last administration is laughable, unless the meaning of conservative has indeed changed. The last administration's spending policy could only be compared to Johnson's. His policies were like Hoover's, leading up to Obama's which will surely resemble Roosevelt's.
History has a way of repeating itself, and those who do not learn from history are doomed to repeat it. -
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My dream is that government will be eternally and equally divided between the two parties so that they clash in a never ending gridlock and get absolutely NOTHING done. That can only be good for our economy and civil liberties. -
Revmitchell Well-Known MemberSite Supporter
It has very little to do with jobs and how do you think this will all get paid for? Obama campaigned on raising taxes on the upper middle class to the rich.