Thursday, February 12, 2009

Band Aid Theory


I don't think the government understands that it needs to let the markets work their way out of this economic problem. I understand that the government thinks its helping the economy by running up a huge deficit and throwing money everywhere. It is making the problem worse because the huge printing press they are turning on, is making the future very uncertain. This could lead to hyper-inflation. Instead of just pulling the band aid off very quickly, and letting the economy heal itself. The government is pulling the band aid off very slowly, and poking the economy with a stick. I don't want to sound heartless to people who are in a bad economic situation, but as Americans we have got to become leaner and meaner about helping ourselves. I know it doesn't help that the government comes out everyday telling us that we are in an economic crisis. They sure don't seem to know what the hell to do, and it kills confidence. If the government had just let the economy correct itself, yeah unemployment would have shot to ten percent, but its going to get there anyway. The government is just doing this the long, painful way.

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