Fear Mongering

While we have heard our President criticizing capitalism since he "won," and watched the stock market tank since the beginning of TARP and Obama becoming the President-elect, we have seen little proof that any government involvement is going to help the economic downturn.

TARP I and II ($250 billion and possibly upwards of $1 trillion, respectively) have seen little success in "jump-starting" the economy. The first auto bailout failed, because GM and Chrysler have revealed their plans for restructuring: more government money, another $20 billion. Not all the nation’s economists have supported the Democratic Party’s spending bill, nor does it represent any hopeful possibilities in relation to future success. The Congressional Budget Office has come out saying that in the end it will have the effect of lowering GDP. In fact, the stimulus bill is larger than Australia's GDP (the only country that encompasses an entire continent). Last time I was in a political economy class, we learned that government infusion and intervention hampered private-sector spending and growth, i.e. the United States during the 1930's and Japan in the 1990's.

Conservative and fiscally responsible minds have been crying out for restraint, but the new Congress and Administration continues to push forward with their Progressive policies that push the bounds of rational thought and constitutionality.

The United States has always been a risk and reward business country. In fact, it is what we started out on - a risk. A bunch of untrained civilians carrying muskets running around the country-side trying to overthrow the greatest military power in the world. No, not the insurgency in Iraq, but the American Revolution. The consequences of not doing anything made the risk of the Revolution worth it. The same with entrepreneurs opening a business. The risk of losing the start-up costs with no return at all will not stop dedicated individuals from aiming for the stars and the riches of a successful enterprise.

Not everyone is a risk-taker, and those that do not have the guts to stick their necks out on the line are not rewarded with the payoffs. The promise of government support and entitlement programs will kill any initiative Americans have at trying their hand out in business.

Extending health care to everyone is worthless on many fronts.

1) For the patient, knowing that full health coverage is available around the corner will result in several actions and attitudes: a) Every sniffle and sneeze will require a doctor's check-up, because it's free; b) Individuals won't worry about saving money for an incident that might require sacrifice, because the government will be footing the bill, therefore it will result in a lack of responsibility in personal fiscal matters.

2) For the doctor, government oversight will hamper their practice in a variety of ways: a) Government oversight will inevitably lead into standardization of practice. Standardization leads itself to lack of specialization, therefore making the practice of doctor lose its awe. b) With standardization, pay will begin to be capped. Therefore, the costs of medical school will not be worth the return of limited salary and required treatments.

3) For the taxpayer, providing the funding for health care for others will be both expensive and inefficient. Using taxes to pay health bills will result in unexpected expenses every year, making budgeting impossible. With the government controlling the funding of the medical field, doctors and their services will be rationed and herded to certain locations, decreasing competition and increasing wait times, so those with clean bill's of health coming in for a check-up will be stuck in an endless line of those waiting for treatment because of the lack of doctor's to chose from.

We see the federal government vowing to buy-up toxic mortgages from banks and refinancing house payments for those who have faulted or are about to default on their payments. This makes no sense. I take that back, it makes as much sense as giving rights to ILLEGAL ALIENS and denying them to U.S. citizens protecting their property from these invaders. Listen to the term that the Obama administration uses: TOXIC ASSETS. In Japan during the Lost Decade, toxic assets were purchased, pushing the costs of the financial situation higher and extending the recession longer. Secondly, there should be punishment involved in this. And not just at the corporate level. The individual homebuyer who thought it was "his time" to get a house, even though there was no possible way of affording it, should not be allowed to remain in their home because of their stupidity. That is an insult to those who have saved, budgeted, and done without in order to eventually purchase a home.

FIND IN THE CONSTITUTION WHERE IT GUARANTEES INDIVIDUALS THE RIGHT TO A PRIVATE HOME. You cannot do it. This Congress and Administration are tossing the Constitution by the wayside.

And what is their argument? Bush did it, too. False. Bush and his Administration were validated by the Supreme Court and previous Presidential precedent. He followed the rules, even he had to make the rules first. Obama, however, isn't even trying to sneak around them. He is out everyday campaigning for an anti-Constitution administration.

I'm not against poor people. I'm not against disadvantaged people. I'm not against unintelligent people. I am against, and you should be, too, those who wish to drive our country off the cliff by ignoring the ground rules of the Constitution in order to provide for "others."