Friday, January 9, 2009

Only the Government Can...

You can complete this sentence if you like, but BHO did a pretty good job of it the other day with his stimulus speech.

"It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy - where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit."

Well, you don't say. Then he tore a page out of a tattered Keynesian book with this little gem:
"...we won't get out of it by simply waiting for a better day to come, or relying on the worn-out dogmas of the past."

We can only get out of this if the Fed steps in. Big government is back with a vengeance.

You are going to get a check in the mail, people. But, just like when GWB sent one, you will pay off debt, not spend it at Walmart. Adding to the disgust is the fact that even those that don't pay taxes will get a juicy sum. Most economists call that welfare, unless they are on the Obama economic team.

So...Only government can....?

Get in the way of commerce with draconian restrictions.

Try to run your life with micromanaging a nanny state to create a generation that looks to them for everything.

Slow down and over spend on everything and never do anything as efficiently as the private sector.

That's my top three, let's hear yours.