Monday, November 28, 2011

Greg Long - Critique

Greg Long – Critique on “A New Method to Save Our Economy”
Will Reitan does a good job of explaining how the economic times of today are different and more capable of turning the corner than the in the bank catastrophe in 2008. Instead of banks haphazardly loaning money out as they did during the economic boom, they are carefully analyzing their balance sheets and working with their reserves and available capital. I would not agree that bailing out the banks was a good idea but it did save people their entire fortunes. I would argue that bailing out corporations goes against everything that capitalism is. Capitalism states that the markets control supply and demand and if your business makes it then you get rich, if it does not make it then better luck next time. George Washington and Thomas Jefferson would be rolling in their graves if they knew how big our government has gotten. The entire foundation of the United States is on the individual and small government, only to help us in times of war and safety. Tax payers such as you and I should no way be paying for other people’s mistakes, which is literally what we have been doing since the Bush bailouts and now into the Obama madness. Government needs to take a huge step back and only act in times of war or great suffering. The markets need to work by themselves in order for this system to truly work. Government intervening is simply just playing sides, pitting one group against another. For this entire situation to be solved our government needs to stop spending and balance its books, keep the taxes low, cut everything except for national defense and let business thrive and our country grow until every single person here has a job, has food on their tables, and a roof over their heads. It in simply inexcusable for the strongest nation in the entire world to have thousands of people live without homes and children without food. Manufacturing needs desperately to return here, just ask the people of Martinsville and Danville. The only way that can happen is to have a business friendly atmosphere, free of taxes, regulations, and government intervention. Policy makers need to realize they are the problem and need to get up out of the way and let us be like what we were pre World War I at the least. I think the age of common sense has left us long ago.

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