How to get out of this Economic Mess

1. No unnecessary government debt (if it doesn’t help revive the economy, get it out of the stimulus bill). If I have to buckle down so does the government. Not that I don’t think the government should help. It helped create the mess after all.
a. I should add as caveat that I am not a big Keynes fan, especially since the private enterprise multiplier is bigger than the government spending multiplier and doesn’t result in massive debt for future generations or indebtedness to foreign countries like China.
2. Tax cuts for everyone (and I mean actual tax cuts not Obama’s definition which is essentially welfare for the working – Obama, tax credits are not tax cuts, just in case you wondered). Especially tax cuts for manufacturing companies that employ Americans. Their very existence makes stimulus spending have a greater impact.
3. We need to improve our infrastructure so I approve spending on dig ready projects. Otherwise, keep it out of the stimulus bill.
4. Let companies do their thing. Now I know we are bitter about the wallstreet collapse and want to blame wallstreet CEOS. Well, actually I think democrats and left-wingers want to blame CEOs because it gets them off the hook for all their government programs and government backed entities (Fannie, Freddie, Hannie) that helped get us into this mess. But besides all that we should remember that workers have jobs because companies employ them, so we should be a little nicer to companies. Otherwise there are no jobs. Just in case you didn’t grasp the whole worker/employer dynamic.
5. Also, call out unions when they get ridiculous. No union should own a multi-million dollar private golf course (hear that big three union bosses – you should probable unload that). And no union worker should earn hourly more than an attorney does.
6. Shrink Fannie and Freddie so this never happens again. Somehow this whole mess makes me think of the titanic, “a ship too big to sink.” And we still haven’t learned a thing.
7. The markets work. Let me show you an example. Oil prices have dropped. That means input costs are going down. That means companies can sell goods for cheaper. That means more people can buy them. That means demand for the product will go up. That means companies can increase supplies. That means they can hire more workers. That means unemployment will go down as long as we maintain low input costs – miracles of miracles. Companies are already expressing gratitude at lower input costs and the fact that it will help them lay off les workers. Therefore, if anyone mentions a tax on gad (Obama) tell them to stop being an idiot. Considering the re-occurring nominee with tax problems theme going on right now, you may just want to tell Obama that as a matter of course.
a. Another example. House prices have dropped. House sales are again going up. And at the last report they were going up quicker than predicted. It’s nice how market corrections work. The market is in the bottom stages of recovery already.
b. Let me give you a counter example. During the Great Depression FDR thought keeping workers wages high would get us out of the depression because workers would have more money to spend. He imposed various policies to encourage this. This meant input costs went up. This meant goods cost more. This meant that less were purchased. And it also meant that employers couldn’t afford sufficient workers so less workers were employed. It also meant the whole lot of them went bankrupt. This helped, along with other really bad policies like increasing taxes, driving out private industry from the market so the government could run things, and of course Hoover’s Smoot-Hartley, the Great Depression last a decade. Obama, you may have heard of the Smoot-Hartley bill. It’s what Europe just reminded you of.
8. Do not cap executive pay. That is just stupid. All the smart guys and girls will stay away from wallstreet and go to other industries where they can make more money. I could maybe understand bonuses (not support a cap, but understand the argument). Pay caps just mean you have no idea how companies work. Is this where the Obama = idiot line comes in again?
9. Tell people to depend on themselves. Be innovators. Work hard, stop bitching and dig in. That is what our country was founded on. It was not founded on Hollywood actors and sports stars or crazy global warming zealots who want to push us back into the dark ages. It was founded on the premise of the individual. That the individual is mightier than the government. We rejected the European inheritance of feudalism and the concept of a ruling elite that needed to look after the unwashed masses. We started our country with the premise that we all are created equal. We are all the masses and as individuals we are all great. We founded our country on self-reliance. On the belief that a limited government is good. That government should always be a little distrusted. After all the power to do a lot of good is also the power to do just as much bad. We were not a country founded on reliance on the government. We were founded on reliance on ourselves as individuals. It made us a great country. This new theory of relying on the government just drags us away from the very foundation that made this country great and leads us perilously close to mediocrity. It spits in the face on all the great achievements the individuals in this country have attained. It devalues the very heart of the founding principles of our country. So Obama, Pelosi, I reject your argument. I do not want to accept your progeny of feudalism. I will embrace individualism and capitalism and limited government and rejoice in all the great things it has brought us.