Americans Panic, Crash Economy (or so they say…)

I keep hearing it: the problem isn’t the economy, it’s American’s lack of confidence in the economy which is changing their behavior.  It was in Newsweek again yesterday:

It’s a cliche — but true — that a huge obstacle to a stronger economic recovery is the lack of confidence in a strong recovery. If consumers and businesses were more confident, they would be spending, hiring and lending more freely.

Look, when you’re on the Titanic, it doesn’t matter how confident you are, the ship is still going to sink.  What American’s lack today is self-delusion.  We see a tidal wave of entitlement spending, over regulation, the EPA driving energy prices up, the FDA causing a drug shortage, and the government’s answer is more of the same.  It’s not our wacky psychology that’s at fault here, it’s rotten big government policies.

So stop blaming the victim, MSM!

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About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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