RSS

One, two, cha, cha, cha

23 May

I was not familiar with the website coordinationproblem.org when I saw that realclearmarkets.com had linked to an article there. At first I was hoping it would help with my inability to rhumba. But nooooo………

Actually, there was a great article by Peter Boettke about “economic illusions”. He had a great quote from Angela Merkel:

“…as Angela Merkel said, she is “astonished” by the debate and that her pro-austerity position has become controversial.  The point is not about saving for savings sake, she points out, “It’s just about not spending more than you collect.  It’s astonishing that this simple fact leads to such debates.”

It sounds like she may be the only adult paying attention to the real problems governments are having all over the world. This is worth repeating: “It’s just about not spending more than you collect.” So simple, Obama can’t do it.

Peter Boettke goes on to make another good point, about how government intervention made the downturn worse:

From a free market perspective, the steps taken since 2007 have turned a market correction into an economy wide crisis and then a global crisis.  Those steps were anything but “do nothing”, and they were taken first by a Republican President and then pursued further by a Democratic President.  We have never given “nothing” a chance.

Give nothing a chance…..I like that. One, two, cha, cha, cha!

Advertisements
 
1 Comment

Posted by on May 23, 2012 in politics

 

One response to “One, two, cha, cha, cha

  1. P. Henry Saddleburr

    May 23, 2012 at 8:44 pm

    I just love the argument that Obama uses about the ‘Failed Bush Policies’ of free markets, lower taxes and less government. Maybe he lowered taxes, but the rest of it is a lie.

    The longer I live the more government grows, impedes, impinges, confiscates and meddles. I was most free on the day I was born and those freedoms have been taken from me, incrementally since that day. And conversely, the government grew on the obverse of that coin.

    The bottom line is that we’ve already done Obama’s plan to a lesser extent with every president in my lifetime. Reagan attempted to hold the line, but ultimately failed because of a Democrat Congress. He got his tax cuts, but never achieved the slashing of government that I know that he wanted.

    So when Dems refer to the failed policies of the past, that is their legacy.

    We’ve never really tried the conservative path, which is to eliminate government agencies, entire programs that have been proven failures and utopianism.

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: