Wednesday, November 19, 2008

When a stimulus isn't

Well, seems Uncle Sam wants to give away a few billion more dollars to the "taxpayers" (at least a select few) to stimulate the economy. Short term thinking does not fix the problem. Government cannot generate wealth. Only people can do that. People starting businesses, producing goods or services. It is that simple. NOTHING government can do will generate wealth. Government can make the business climate more supportive of growth and new business development, but generate wealth, never. They can only take from one group and give to another, either now (tax redistribution) or in the future (government loans in the form of long-term debt). It is a quicksand mentality and needs to stop. No stimuli; no more "bailouts"; let it ride, because it will ride anyway and there is no need to make it worse.

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