Wednesday, March 25, 2009

Why are we the only ones who can't see this?

Oh wait, it is just our government that can't see it. All I hear from people is that they don't think this is such a good idea. What am I talking about? What's happening to our money, that's what. Gordon Brown, the Prime Minister of Britain has his own central bank telling him not to seek further stimulus because it will only hurt the economy and now we have the President of the EU, Mirek Topolanek saying that Obama's economic plans are a "path to Hell". Pretty strong statement for a European considering they've always been much more socialist than we have. Now, Russia, China, France and other countries have gone before the U.N. and made an attempt to uncouple the financial system around the world from the dollar. This hasn't even really made the news! Why would they do this? Well, because they've seen us print 2 trillion dollars in new money in the last couple of weeks, or is it days, and they can see the handwriting on the wall. This is bad business. It is bad policy. It is bad strategy. It is a path taken by the Weimar Republic after World War I. Don't know about this because history is so poorly taught in our country? Okay, well, after WWI, Germany was in shambles and the European victors had strapped them with so much debt (reparations) that the economy was awful. This "Republic" couldn't make enough money to pay off their debts, they couldn't do much of anything because of their debt. So, in order to pay off the debt, they printed money and a lot of it. By the time Hitler took power, Germans were literally pushing wheelbarrows full of money to the store just to buy bread. Then of course, it led to Hitler coming to power. Europe learned this lesson from that period and didn't do it again to Germany after WWII. Why is it that our leaders seem to think they can do the same thing and get away with it? It simply doesn't work. The ONLY way to get out of this recession (depression) is to tighten our belts, stop spending so much, cut pork and government programs (not create new ones) and allow companies to fail. This is how a capitalist system works. Once those things are done, we will begin to recover. Good luck recovering under this spend more than you have scheme that includes new programs and ill thought out schemes (such as cap and trade). These are more likely to lead us into bankruptcy as a country, not into prosperity. Why is it that so many people, and it isn't really just our leaders, can't see this!

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