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Massive bailouts, foreclosed homes, jaw-dropping gas prices, chaos on Wall Street. These are just a few signs of the U.S.'s struggling economy. As America enters the next chapter of its history, what impact will an Obama administration have on our economic future?
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Jumpstart the Economy
Government is not a good investor, neither morally nor practically.
First, I dont think that the government can make better investment decisions than the free market. Government institutions dont have same incentives and disincentives as the free market institution. Experience proves over and over again, that when governments do something, they do it with a lower quality and a higher price, than private institutions. Furthermore, every government intervention in the marketplace distorts its even more, and makes problems in the long run worse.
Government spending and market intervention is part of the problem, not its solution! Every reputable economist knows that.
From where does the government gets its money in the first place? In a consumer driven economy, every tax is paid in the end by the consumer. Stealing money to spend it supposedly better, is wrong.
2 Is it really a sane idea to destroy the rewards and punishments of the market, by punishing highly successful people with higher taxes, and rewarding highly unsuccessful with a "safety net?
- eXtremeLogic July 25, 2008 10:53AM
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Amen!
Amen!
- Georgia Sunshine
October 1, 2008 7:05AM
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