Saturday, June 13, 2009

Economics 101

The next time you read that the economy is starting to recover or you can expect a recovery in 2010 be skeptical. If history has any lessons for us, it just isn't going to happen. The policies and actions of the Obama administration are very similar to the actions and policies of the FDR administration. It didn't work in the 1930's and it won't work here in the 21st century. Until the government stops meddling in the business of business, it's not going to improve. Bad companies have to fail. If there is a need for their product or service, somebody, somewhere, more capable than them will meet that need. FDR and his meddling prolonged the Great Depression by many years. Even economics professors in this country's most liberal institutions of higher learning agree on that fact. I challenge you to name one thing that got better and cheaper when the government got involved. Didn't think so. Sorry to be the bearer of bad news.

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