Republican Elephant: We'll take you back to the solid economy of George W. Bush. Tom: A.K.A. Hard landing, and no insurance. GOP Platform.
Sorry kids…you’re going to have to back to the level of government we had prior to 1903 to get a solid economy back.
We have seen not one but TWO major economic disasters since the government started regulating the economy. The first one happened under minimal regulation. This one happened under heavy regulation (even with some of the regulation peeled back, it is still heavy compared to the ‘30’s).
Now government regulation is starting to catch up to war and famine…two well-known devastators of economies.
It is time to stop taking money out of one part of the economy and putting it into another and claiming it is stimulating the economy. It makes about as much sense as trying to fix an engine leaking oil by draining oil out of the pan, pouring that same oil back into the oil fill, and claiming that you’re adding oil.
Money needs to be put back into the hands of the people who can make this economy work…the middle class and small business owners. When THEY spend the money the economy grows. When the government takes more and more of their money they cannot spend it to expand, hire more workers, sell more goods, and get the engine of our economy going again.
There are two main causes of our economic trouble. First is greed. Nothing short-circuits the success of a free-market economy like greed. The second is our government: between ill-guided regulation and the knee-jerk reaction to our economic contraction that has been shown over this past year.
The government’s debt-to-income ratio is over 2:1. If this problem is not soon addressed the economic hardship we see now will be dwarfed by what’s coming as a result.
April 12, 2017