I am amazed that some of the American people support Obama’s so-called stimulus package while admitting or even praising it for being “New-Deal” like. FDR’s policies prolonged the great depression and have had far-reaching resource-draining consequences. The New Deal is responsible for impending bankruptcy of our government. Social Security is an impossible burden that has been placed on my generation and our children.
The best way to stimulate the economy is through corporate tax cuts. Giving the government greater purview of our resources will weaken our economy. Corporate managers are frequent and easy villains in the media but aren’t the omnipresent evil force that news sources portray them as. Corporations have viable and constructive motivations for growth and honesty. They have shareholders, internal and external auditors and government agencies that monitor their stewardship. They have executives who can be fired for poor performance. Management has a personal motivation to grow healthy businesses by improving efficiency, investing wisely and hiring employees.
The government, on the other hand, oversees itself. No outside, non-government body has official jurisdiction over its activities. Its executors have virtually no personal investment, outside of their integrity, in how its resources are spent. And it is atrociously myopic in its spending. The American people bear large responsibility for these last two factors. We must educate ourselves and monitor our elected representatives’ activities. Of course this would be facilitated if the bias in the average news media source was not so rampant. But let’s not make the politically expedient class envy that cankers our society an excuse to buy more bandages for the tumor that is the federal budget.
Wednesday, January 28, 2009
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