America needs less government interference in the economy — not more. The free market did not fail causing the recession; it choked on government regulations and Fed Reserve phony money.
I think when the history books are written about the economy of the late 90’s through 2020, it will be an interesting read with many surprises for those on both sides of the fence.
Problem is capitalism not free market. People successfully create huge companies also become politically powerful in the country. They use their huge employment capacity and income to lobby Congress for their corporate welfare and interests. Politicians are more then willing to accept donations and quickly cater to these rich guys. Same with banks and many small business that cater to them. Consequences we end up with crony capitalism. Less government is not the answer. The problem is not regulations and authority, the problem is governement forget that businessmen are capable of being greedy and wicked. Some will attempt to corrupt officials and cheat the people. A wise government does not need regulations, but ability to monitor business activity to make sure that bad behavior does not happen, bad practices are stopped and violators are arrested and punished. Otherwise the bad behavior will grow and become widespread and ultimately destroy the country. Willingness to investigate and punish is what Obama failed to do as POTUS. Last banking crisis (Savings and Loans) under Bush 41, he and later Pres Clinton arrested, tried, imprisoned and/or fined over 1000 bankers, CEO, executives, exec staff, accountants and investors. How many of the major bank execs and investors were investigated and arrested in this recent crisis. Nada. Reason, when Wall Street gives over 2 to 1 to Obama 2008 campaign, what does one expect? No one goes to prison and the bankers get a loan, and the feds give them cheap money to earn profits to pay back the loan, leaving future generations a devalued dollar, huge debt and potentially high inflation.