Nov 24 2008
Obama’s Economic Plan: New Deal Part II
Ho, ho, ho! Well its Christmas time and the federal government is handing out gifts left and right; the only stipulation is to get one you better be a corporation. The federal government announced they will now bailout Citi Bank; oh well what’s another trillion here and a trillion there. Where is it going to stop? There answer is there is no ceiling and the government will continue this reckless action.
Making things even more frustrating was Barack Obama today announcing what can only be described as the New Deal Part II. He is pledging new jobs, which can only be in the government sector, new roads and bridges and solar and wind energy. This means more government workers, more government spending and an ever growing burden on the tax payers. Obama proclaimed his government will have responsible spending, that would make him the true messiah if he accomplished this miracle.
The road this nation is currently on will not lead us out of the forest, it will take us deeper. Government spending cannot stimulate an economy for the long term; they are a Snickers bar; a quick, sugar boost. When the high is over the crash comes, so more sugar is needed. Eventually, the burden will become so great that those carrying it will simply walk away, freeing themselves from government sponsored enslavement. Perhaps then people will understand the importance of a free market and free minds to work within this market.