What I find interesting about Barack Obama’s economic policies is that they are hardly different from what George Bush, Congress, and the Federal Reserve have done over the past year. And that’s just when talking about the economy. More spending, more debt, and power and trust placed in government are the Obama Administration’s proposed cures from our current economic downturn. Capitalism is blamed for today’s problems; when in reality we have never had a true capitalist, free market, sound money economy. Little by little, the government is working to take individual responsibility out of the equation.
What’s slightly funny about this is how we forget what we’ve done over the past year to “help” the economy. We tried the $150 billion stimulus plan, $300 billion homeowner bailout, the corporate bailouts of AIG, Fannie Mae, Freddie Mac, and several other businesses, and we can’t forget the whopper that is the $700 billion bailout from this past fall. We’ve run up the national debt and deficit by trillions of dollars already. For the past century, we’ve tried socialism and government intervention in many forms to no avail. Yet nothing new is being proposed by the new Administration. A day of reckoning is very close, and we will learn the very harsh but true lesson of history that no sustainable economy or country can last without individual liberty.
I find it very frightening that someone as young and inexperienced as Obama is willing to spend what will probably turn into trillions, without the blink of an eye. Obama’s economic experience is miniscule at best (“Community Organizer”? Are you kidding me?), and his solutions will only strongly advance wealth redistribution, money printing from the Federal Reserve, and a massive expansion of debt and deficits. He says that trillion dollar deficits are something that we should expect over the next several years.
This is not “hope”. This is not “change”. This is simply socialism, fascism, controlled by lobbyists and special interests. The rapid escalation of central power is not even discussed by our highest leaders. I guess we can take comfort in the fact that at least this Administration is much more open about these increasing powers than past President’s have been. We’re expected to believe from someone with no background or experience in economics to believe that more spending, more debt, and more printing of money will solve our economics troubles. The ideas of lowering spending, lowering taxes, and lessening regulations as a whole aren’t getting too much attention or support from Obama.
The only sustainable solution to these problems is to take the federal government drastically out of the picture. No more special and harsh treatment for certain industries. How about looking to the Constitution of the United States and the advice of the Founding Fathers to have a small, limited government that does not intervene in the affairs of the people? How about getting rid of the notion that the federal government “manages” the economy?
Sound money is especially important for long-term stability. No nation has ever survived a paper, or fiat, monetary system; no less controlled by a central bank.The Federal Reserve is a secretive, elitist group of no more than a couple dozen people who control money and credit, both of which are vital in an economy. The Federal Reserve has a monopoly over money and credit, which hasn’t seemed to help our currency much considering the dollar has lost 95% of its value since the Fed was created in 1913. A fiat monetary system encourages unnecessary risk, discourages saving, and leads to malinvestment from individual people, businesses, and governments. Why can’t the free market decide which currency has merit? Why can’t the market decide interest rates using supply and demand? We are forced to use and accept paper money printed by a massive central bank and forced upon us through the legal tender laws passed in the United States Coinage Act of 1965. It is worthless paper that we are forced to use! At the very least, legal tender laws should be repealed, letting other currencies develop if they are seen as valuable and worthwhile by the market.
During his campaign, Obama promised a different approach to the war in Iraq; he promised peace and bringing our troops home. Unfortunately, after just a couple weeks of taking office, we can see that this is not the case. He’s hoping to move the 20,000+ Marines in Iraq to Afghanistan, he has already bombed Pakistan, and we have begun a new program to rearm the Afghans in an effort to fight the Taliban. Essentially there is not a speck of difference in Obama’s foreign policy from that of George W. Bush. We continue to go down the disastrous path of foreign bribery and trickery, the ideas of military aggression and preemptive war remain on the table, and who can forget Vice President Joe Biden promising that more troops will die as we load Afghanistan with more soldiers? I hate to say it and I pray that things do change for the better, but there is no end in sight to our policies of government intervention both foreign and domestic, the Constitution is still largely ignored, and individual liberty certainly is not a priority of Obama as evident from his first days in office.
This is why I see absolutely no reason to get excited about Barack Obama. He stands for nothing different from what we’ve been getting. He tells us that government is the only solution to our economic problems; he will spend trillions to “save or create” several million jobs. The free market has been trampled on a huge amount over the past century, but nothing like we have seen in the past year. We as a people must return to a Constitutional government determined to protect freedom, liberty, property, and individual responsibility. Liberty is the only sword that can slay the evils of central planning, interventionism, socialism, fascism, and corporatism.
'Capitalism is blamed for today’s problems; when in reality we have never had a true capitalist, free market, sound money economy.'
This quote of yours really sums things up as far as I am concerned. It is really frustrating that concepts such as this are so well known on internet blog sites and yet our leaders completely overlook these facts. I am sure it is intentional, why would they want to give up their power base.
Thanks for bringing it to some people's attention. Spread the word!
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