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Obama: Economy to get worse…

  

This other day, at a news concerence in Chicago president elect Obama donned a surgical mask. 

According to Dr. Obama: "We've got to provide a blood infusion to the patient right now to make sure that the patient is stabilized.   And that means that we can't worry short term about the deficit.  We've got to make sure that the economic stimulus plan is large enough to get the economy moving,"

Oh Great! Another Dr. to the rescue.   Banking reform laws, work relief programs and economic stimulus programs began the surgical proceedures implemented or promoted by the Roosevelt Administration.

We’ve been down this road before.   Remember? FDR’s “New Deal”  was a short-term recovery program initiated in 1933 and that lasted until 1938. 

While a few agonizing “drip tubes” i.e. Social Security still exist, it was WWII that finally put an end to FDR’s primary infusion.  As Roosevelt himself said in December, 1943, "Dr. New Deal" had given way to "Dr. Win the War."

A President playing “Doctor” is not the “change” we voted for.   Typically their infusions (unbridled spending and jobs programs) result in the slow agonizing economic death of the patient.

While holding his cards close to his chest we can only guess at what his “stimulus package” may be but what we do know…(” we can't worry short term about the deficit”) it is going to be costly. We are about to be rolled into surgery again and experience Dr. Obama’s “Raw Deal”.

Is the Change we can believe in: More Government intervention? Historically any intervention by government for economic recovery has superceded an individuals decision making process. Independent decision making is the beauty of private enterprise that pumps the economic blood (prosperity) through the veins of this country.

In a capitalist system it is the entrepreneurs’ constant decision making process which maximize our wealth and economic independence.   When an individual businessman is faced with a negative share in the market due to a poor decision, he corrects the errant decision. He has a vested interest in the result.

As individuals we consistently make every effort to optimize our resources to maximize our benefit. Our everyday decisions facing us fall under our close scrutiny. In the grand scheme of things it is the countless individual decisions which account for a prosperous economy.  In the end, we deploy our resources to satisfy the consumer. 

Government usurps the individual’s decision making authority.   By politicizing the individual’s decision making process the “vested interest” is defeated. Decisions will be made by people that have no actual interest in profit or loss of the individual’s business and therefore, the consumer; which drives our economy.   

Governmental decision makers are temporarily behind the wheel and are subject to drive your mint condition ’56 Chevy as though they had picked it up at Hertz. We don’t need governmental intervention. 

As it was prior to WWII, the economy is in a tailspin: turning the yoke over to a kamikaze pilot is the last thing we want to do.

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