The Democrats are at it again, looking to interfere with the economy to “save us” from the inevitable and necessary hardship of the current economic mess. After having spent roughly a trillion dollars on this so far through bailouts and “stimulus” packages, we’re now told that that’s not enough, more must be done.
President-elect Obama and other Democrats are considering up to another $700 billion in a “stimulus” package to get the economy rolling again. There’s only one problem with that proposal – it simply won’t work.
While talking about massive infrastructure programs, building roads and bridges, etc., may sound like a good idea, it’s not. One thing you have to realize is that the government can not create wealth, it can only seize it. So for the feds to spend any additional money on anything they must first take it from someplace else. The place where they take it from is generally where new jobs and economic growth originate – the entrepreneurial segment of society. This leaves them with less to invest in their companies and less with which to be able to hire new employees. This is presumably the opposite of what one looking to “stimulate” the economy would want.
The government can’t create growth by taking money from their right pocket and putting in their left. In fact, the government can’t create growth at all. At best the government can get out of the way of those who actively seek to create something from nothing, or expand what they’ve already created and allow them to do what humans have been doing since the dawn of time. Since there is no way the Democrats will allow that to happen, we will be in a world of hurt until common sense returns to Washington.