Saturday, June 25, 2011
Government looks to past, free enterprise to future
As the writer says, "...no amount of government spending is going to restore the old status quo"...
Michael Barone writes about the economy at WashingtonExaminer.com. Here are some selected paragraphs:
"With the benefit of hindsight, it seems that our leaders, in both the Bush and the Obama administrations, responded to crises and challenges all too often with measures that attempted to revive the old pre-financial crisis economy rather than with policies that would allow a new economy to grow.
...
Trying to put everyone back in the position they once thought they were in simply won't work. But it does sound attractive politically. People can remember what life was like in the past.
We don't, however, know what it will be like in the future. Republicans want less government spending and more leeway for entrepreneurs to create new businesses and jobs. No one knows what innovative products and services will emerge.
That's the beauty of free enterprise, but it also makes it a hard sell politically. Unless voters have figured out no amount of government spending is going to restore the old status quo."
