Tuesday, January 20, 2009

At least Bush is gone

Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched.

But this crisis has reminded us that without a watchful eye, the market can spin out of control. The nation cannot prosper long when it favors only the prosperous.

The success of our economy has always depended not just on the size of our gross domestic product, but on the reach of our prosperity; on the ability to extend opportunity to every willing heart -- not out of charity, but because it is the surest route to our common good.

He suggests that we need selfish and greedy politicians to keep a watchful eye on selfish and greedy capitalists. Often, the selfish and greedy politicians enable the actions of greedy private individuals. Other times, the government creates something worse than it is supposed to protect us from. I would ask Obama this: was more harm done by Barnard Madoff’s ponzi scheme, or is more harm done by the ponzi scheme known as Social Security?

Our economic prosperity depends on the ability of each of us to use our own skills and resources in their most productive capacity. Historically, government action has not encouraged this, it has prevented this.


PZGURU said...

Right on regarding the Social Security ponzi scheme. That program was supposed to be temporary....And now that's it's completely defunct and bankrupt due to Congress's mishandling of it, Congress wants to enact reforms that will "improve" it. HAHAHA. If a bank did what Congress is doing, the bank officials would all be put in prison for a lonnnnng time.

People also need to realize that we do not have a PURE capitalist system. When the government is involved in bailouts and providing assistance to some businesses or companies, but not all, that has an effect. It unfairly helps certain people to the detriment of others. Not exactly a fair and impartial system in my opinion.