I think I answered your question and did some basic history analysis to back it up. The housing crash was as easy to predict as the sun coming up in the morning. It just so happens that the rest all happened at once. The down turn in the economy was also easy to predict, it's been coming for a long time and it will stabilize just like all the other times. The difference is we have a new president that doesn't study economic history and thinks throwing trillions away will fix it when it never does. A government balanced budget and tax cuts especially for capitol will promptly turn it around. It always does.
Remember the big dotcom bust in the early nineties. I lost my job and it took almost 18 months for the technology sector to come back. IT folks were loosing their jobs left and right. You know what? The technology sector came back to life all by itself and unbelievably it did it with no government help.
The solution is for the government to get out of the way and let the folks who really make the economy go do their thing. Once this turns around we'll hum along for another 15 or 20 years and then it will happen again, just like clock work.
Quote:
|
I would like to learn more about why you think a "limited government-free market" approach would reverse the current economic decline and begin to strengthen the U.S. economy in some reasonable time frame.
|
Because it works every time it's tried. That's how this county became the most powerful and prosperous in the world. Socialism didn't build this nation, free market, entrepreneurs, limited government did. That's just the plain truth.
Government is not the solution. More often than not they are the problem.
Ok, here's my prediction. Seven years ago I told everyone that would listen to me the housing market would crash within 10 years. I was off by three years. If the government does nothing we'll come out of this in about two years maybe a bit longer. If Obama gets his way it will take 7 - 10 years. If they get busy and cut spending, balance the budget and cut taxes especially cap gains we'll come out of this in a year and a half. If they would just do that, consumer confidence would zoom and business would start hiring again with more freed up capitol. Business are laying off more these days because they see the writing on the wall if Obama gets his way. They are preparing for a long haul.