Showing posts with label enconomic stimulus. Show all posts
Showing posts with label enconomic stimulus. Show all posts

Sunday, March 29, 2009

State of the Union

I didn't actually hear the State of the Union address last night. Cody was playing basketball and, quite frankly, that was more important to me than what the President has to say. He campaigned with the slogan of "Change we can believe in." One year later "Changing what we believe in" seems more appropriate.

I agree with the main priority he set out in his speech (based on what I have read). We need to get American's working again. Unfortunately, he appears to believe that the answer is government job creation. Other than the military and other security related jobs, I don't know that government-related or created jobs are worth the effort. It seems to me that a job should create something (goods/services) that is demanded by the economy. Government should stay out of the way and let the markets determine where to allocate resources.

The President's proposal for high speed rail between Los Angeles and San Francisco is one of the most ridiculous things I have ever hear. I don't know one person who would use it. If I have to drive my car to get to a high speed train in Los Angeles and then not have a car when I get to San Francisco, I would simply rather drive myself. The government subsidy figures I have heard rumored for this project is $2.3 billion. On the other hand, the cost of that type of rail has been estimated at over $40 billion. Where will the difference come from? No private lender or enterprise is going to fund this effort because there is simply no demand.

I tend to believe that the surest way to stimulate the economy is to stimulate population growth. A growing population require goods and services. That type of demand is what drove the economic boom in the United States in the last century.

Clearly, the last thing we need in this country is more deficit government spending for projects without a hope of succeeding. The last 'stimulus' bill was replete with such projects and they haven't generated any economic recovery that I can see.

Saturday, February 21, 2009

What's Fair?

Sorry for not getting back to your earlier with my comments on your inauguration speech, Mr. President. I've been rather busy with a few things. See, my business doesn't seem to be on the radar for a bailout, it doesn't seem to be a target for the economic stimulus plan; and my family requires more attention to guide them in the world we live in. It's not fair that I have to work this hard, but it's okay. I think that is why I am here.

That leads me to my thoughts about your inaugural address. I thought it was well written and your delivery was terrific. The substance of the speech had some very thought provoking points.

One such point was your call for 'fair play'. Having observed your actions, I believe you must have a vastly different definition of the term than I do.

Tell me how your call to repeal the Defense of Marriage Act is fair? It may be politically expedient. It caters to a special interest group that voted for you. But it certainly isn't fair to children brought into the world who have the right to have both a mother and a father. I know, some parents are pretty pathetic at caring for their kids, but don't undermine the basic building block of our society with a warped view of fairness.

Tell me how reversing the gains made in welfare reform in the past 15 years that your 'economic stimulus package' calls for is fair. The welfare state it is creating is not stimulating. It is repressive. Repressive to those who look for a handout instead of work. Repressive to an economy that needs workers, not idlers. Repressive to future generations that will be burdened with the increased national debt.

Mr. President, government is not the answer to our nation's difficulties. For the past 20 years it has been the problem. I have heard you and your supporters blame greedy capitalists for the current financial market troubles. Actually, I believe government policies are more to blame. Take the mortgage 'crisis' for example. It was brought about in part because certain interest groups who, in the interest of fairness, wanted the government to guarantee mortgages for people who couldn't afford them. Where sound financial analysis in the private sector would have quickly classified these transactions as imprudent, at best, the presence of a government guarantee led to a false sense of security. Our government usually does well at fighting wars. Most other things are better left to the private sector.

I would pocket the fairness card for now, Mr. President. Encourage people to be fair-minded. Encourage our elected officials to be fair-minded as well. Fair-minded means to be just and impartial. Government today has shown itself incapable of being just and impartial. Reduce government involvement in the lives of the people. Enact and enforce laws that encourage and support families and hard work. That will the best and ultimately fairest economic stimulus package that could be enacted.