Posted on 08/11/2011 6:17:22 PM PDT by billflax
If you want more of something, subsidize it. If you want less of something, tax it. Ronald Reagan
Generally deep recessions spring into soaring rebounds. Our present tepid bounce leads many commentators to suggest a pending second dip. The recurring headlines portend caution as markets plunge, unemployment persists, GDP sputters, consumer confidence plummets and now to our national chagrin treasuries have been downgraded.
President Obama is rightly fingered for the ongoing turmoil, but lest we forget, Senator McCain espoused several harebrained solutions too. We see Obamas ineptitude manifest, but in matters fiscal, our man promising Change governs as Acceleration. Most of Obamas economic potions were previously concocted by predecessors in lesser dosage: bailouts, deficit spending, progressive taxation, entitlements and weak dollars.
Washington mires in economic debate, but the president continues myopically fixated on whats never worked: progressive taxes, extended unemployment benefits and enriching unions by erecting monuments to government under the sobriquet public works. Whether these reflect political calculation or attempts to stimulate, the struggling economy isnt some riddle requiring government resolution.
Markets contain an inherent rejuvenating mechanism called self interest. The economy is like a river. Self interest provides the current. If channeled properly by respecting property, maintaining honest money, administering the rule of law blindly and regulatory infrastructures protecting persons and property without inhibiting invention the profit motive propels a mighty river towards prosperity.
(Excerpt) Read more at forbes.com ...
The Regime taxes and regulates job creation and then complains that business are not creating more jobs with the penalties than they did without those penalties. They subsidize continued unemployment and then act surprised when some of the unemployed don’t look hard for work (I know some are trying, but I also know others who would rather work under the table and go to school with the extra unemployment paycheck and don’t want to find work until their benefits run out).
That's because they were students or recent graduates right at the time 3 years ago when the Great Obama Recession began shutting down employment.
We've had a lot of graduates from highschool and universities since that time AND NO HIRING.
This is a very dangerous and unstable situation and UNEMPLOYMENT COMPENSATION, extended or otherwise has nothing to do with the greater part of those who are unemployed, or seriously underemployed.
I'm getting these red arm bands ready for sale ~ gonna' make millions on 'em.
The article hits around a point that I think should get much more discussion. It is the concept of Natural Law. There is a natural relationship between people. Money is simply the means of communicating economic statements by humans. If one has faith on God one must believe that the natural relationships are good and correct. Changing them towards something away from good and correct leads to personal and economic relationships that are away from God’s natural order and that ain’t good.
Progressive is by definition at odds with God’s natural order. The imposition of man through monopolistic economic power or monopolistic political power takes us away from God’s plan and to man’s plan.
Mathew 6:25
Excellent point. I’ve written a great deal on natural rights. Here is my personal favorite, one that any Constitutional Conservative should enjoy here -
http://www.freerepublic.com/focus/f-chat/2729616/posts
Or the Marxist roots of political correctness. i.e. why Obama acts the way he does -
http://www.freerepublic.com/focus/f-chat/2729615/posts
And again contrasting natural rights with modern liberalism -
http://www.freerepublic.com/focus/f-chat/2734366/posts
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