Politicians do Same Thing, Experts Shocked They Get Same Results

So, debt ceiling raised by $2 trillion, billions in new debt acquired, and… the stock market tanked.  So much for calming jittery financial markets by raising the debt ceiling.  I particularly enjoyed all the headlines yesterday that Obama and Bernanke were now “out of options” after the latest $2 trillion borrowing binge.

Really?  Out of options?  There’s nothing else they can think of doing?  Because I can think of something they haven’t tried — cutting taxes and spending!  Warren G. Harding used this common sense technique to great effect in the Depression of 1920 and that depression only lasted a year.    But with “intellectuals” in charge (another curse of big government), common sense is in short supply.  The Democrats choose to follow the big government model of Hoover and FDR, which gave us a depression that lasted 10 years, from 1929 – 1939.  (Remember, we entered the war in December, 1941, so it wasn’t our war spending that got us out – it was increased demand for our goods from Europe, then embroiled in a war).

Sadly, I suspect it’s impossible for Obama to change course — he’s too caught up in the ideology of government ruling every facets of our lives to make them better.  Any option in opposition to that point of view just doesn’t exist for him.


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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