There is an article in the New York Times that says that economic recovery is lead by these three industries: the automobile industry, the home building industry, and the banking industry. These areas are where money the money flow begins. That begs the question, what do these three have in common? They have all been bailed out by the US government—with all the strings, new regulations, taxes, and additional burdens attached.
The government now owns two of the “Big Three” automobile makers, Chrysler and GM. The home building industry is now “regulated” by the actions of Fannie May and Freddie Mac. A large portion of the mortgage industry has been usurped by the federal government. Ditto for the large banks.
But for those industries to recover, they must respond to natural market forces, not those imposed on them by the FedGov. Obama and the libs are attempting to impose a command economy on the United States. Just watch their attacks on Toyota and to a lesser extent, Ford. All we need to do is study the economy of the former Soviet Union and those of the former Warsaw Pact nations under the USSR’s heel to see just how well a command economy works.
To trigger a recovery, we need to remove the restraints levied by the federal, and in some states, the state government as well. Free enterprise works best where there is the least regulation by government. Look at the recovery from the Carter years. The first thing Reagan did was to cut corporate and personal income taxes by nearly half. He slashed the capital gains tax and by the time he left office, the US economy was the best and biggest in the world.
Economists are now saying that when the “recovery” occurs, it will do so without an increase in jobs. Any growth that could have lead to more jobs will be sucked off by taxes and choked by regulation. When the democrats are cast out, we must remove those restraints, taxes, all the new “commissions” imposed by the progressives that added nothing but a burden to business and provide more corruption and graft in the Chicago style.
As much as I’d like to see Obama, Emmanual, Reid, Pelosi, Geithner, Holder and all the other Marxists in government behind bars, it would set a bad precedent. They threatened G. W. Bush and Dick Cheney with prison but dropped those ideas in face of a massive negative response from the GOP and conservatives. Instead, lets break the liberal, progressive and democrat political power completely at all levels: local, state and national. My wish is that in fifty years the entire episode of Marxism, progressivism and the democrat party will by known only in the history books of a renewed United States.