If you have any historical perspective of economics, you know that we always recover but the speed of the recovery is always in question depending on the policies deployed to deal with the downturn.
The rapid recoveries always come when we have investment incentives that encourage people and businesses to invest in the United States. You encourage entrepreneurs to take chances to come up with new companies and new technologies. The result is rapid advances that creates millions of new jobs.
The alternative is to do what we are doing now (spend a lot of money on digging holes, patching roads, making turtle paths and horse trails). The result is slow, sputtering recoveries that take 10-15 years to get us back to where we were before. See the Great Depression and the 1930's following it and how we stumbled along into World War II or, if you prefer, the 1970's where we spent 10 years fumbling around until we finally got the right kind of incentives that launched us into the technology revolution of the 80's and 1990's.
So given the empirical evidence, why do you believe that the Obama administration is taking us down the current path? Could it be that they are committed Socialists and borderline Communists? No, of course not! Pay no attention to our President's past or his czars that were appointed with no congressional approval.
Please tell me this is a bad dream!!!
How's that 'Hope and Change' working for you?
The Lost Art of Critical Thinking and Common Sense in Politics and Public Policy
