Tuesday, September 21, 2010

Brave New World

In the calamitous times we live, the "end of the recession" would seem a good thing. The problem with the theory, economic growth equals the end of the recession, is the only growth has been in the public sector.

For the sake of reality, we have to agree on one thing, trillions pumped artificially into an economy will result in growth, at least short term. The problem is, this is artificial money. The money pumped into the economy by the Obama administration does not exist. By that I mean, it is money that has no value other than the paper it is printed on and the debts that now exist to prop it up. Billions in highway projects funded by the "American Reinvestment Act" or in other words, funded by Americans, will have some demonstrable economic impact, however artificial and temporary. Simply the fuel purchased by the contractors will create some growth.

On the other side of this fiasco of Keynesian economics it doesn't take a rocket scientist to understand the wholesale sellout of the American economy to Chinese prospectors will eventually bear the negative fruit of obligation. Just as when you refinance your home to prop up your business, you turn your back on the real problem...the business cannot support itself. Trust me, I know. There will eventually be a backlash from all the money that was printed, borrowed or simply guaranteed by the "government". Government spending is nothing more than taxpayer money spent by proxy. Either the taxpayer will have to pay it back, resulting in economic contraction, or there will be explosive inflation having the same net effect, a degrading of the value of a dollar.

What Barack Hussein Obama, Nancy-fly me everywhere all the time-Pelosi, and Harry-I have a pot to piss in so there simply isn't a problem-Reid don't understand is common sense to the rest of us; you cannot spend money you don't have. Is there a silver lining? Well like anything bad, there always is and this time around it is an awakening of the American conservative. Nothing will motivate people to pull their heads from dark, tight places, like government officials intruding on their freedoms and their pocketbooks with delight. The next election will be a referendum on big government and the poll question going in is: Do you approve of Barry and his band of thieves? To this, America will deliver a bold, capitalized, italicized, NO!

No comments:

Post a Comment