Next time President Obama claims to have “saved or created jobs”, look at this link.
President Bush and Obama’s bailouts and “stimulus” packages have destroyed our economy. The free market is quite capable of clearing our the deadwood and creating wealth out of failure. They interfered in this process, and as predicted, our economy is doing much worse than anyone thought it would be.
If we had stuck to the republican plan, based on hundreds of years of experience, common sense, Nobel laureate economist analysis, and others straight logic and reason, we would have not only climbed out of this recession but be at a new height in our economic growth. Instead, people are still losing jobs, the markets are still losing money, businesses are still tightening their belts, and property prices are still falling.
What is the scientifically sound approach to fixing a broken economy? It’s very simple really: Get government out of the way. Any damage in the economy is almost always caused by government interference. In this case, it was caused by government forcing banks to give loans out to people who could never pay them, rather than loans they could pay or telling them to come back later when their finances were in order.
The scientifically sound approach is a drastic cut in taxes, a drastic cut in extraneous regulations, a drastic cut in spending, and otherwise freeing up the market. In other words, the solution to economic woes is always less government, not more.
If we simply returned to the constitutional limits on the federal government, our economy would be reaching new heights in a matter of weeks. Why? Because overnight, investors would return with their capital, businessmen would begin planning for a brighter future, and everyone’s assets would suddenly see a boost in value as opportunities suddenly became available that didn’t exist before because of government interference.
By forcing GM to stay in business when it should have gone bankrupt, by forcing failed banks and investment institutions to stay at the top of the hill when up-and-comers should have been able to take them over and repair the damage, we are prolonging the effects of the failure.
We must allow failure to occur in a free market. We must allow people to profit over other people’s mistakes. This is the only way to create new jobs to replace the old.
