I am neither a democrat nor republican. People with extreme views on either the right or the left make me nervous. I tend to lean to the left on social issues and individual liberties and toward the right on government fiscal and economic policies. I have regretted voting for both republicans and democrats in elections over the years. Now, having said all of that…
In my life I have never seen such an arrogant bunch of politicians as the democrats have been since winning in November 2008. They have been cramming down their agenda on taxpayers without any consideration of bipartisanship or balancing the needs of all Americans. More importantly, they have forgotten who they represent.
Hopefully on Tuesday President Obama and the democratic controlled congress got the message that at least people in one of the most liberal states in the country don’t want to see business as usual in Washington. And considering how many long-time democratic senators are planning retirements this year rather than face their constituency voting them out of office, I think the same sentiments run true through most of the rest of the country.
It is not too late for the president and congress to understand a few staggering facts about our economy right now:
The U.S. has three times as much debt as it has gross domestic product to cover the debt. This trend has simply got to change or we will leave our children with such a horrible legacy they won’t be able to recover. As nice as it would be for the government to continue cooking up new stimulus plans to reduce the country’s pain temporarily, we simply can’t afford more of them.
Congress must realize that, as well-intentioned as the artificial stimulus bills may have been, spending an average of $270,000 on the creation of each new job in America is simply wrong. Our founding fathers designed our system with a free market and a free economy. In a free market economy there has to be market-driven mechanisms that cause change. There occasionally has be a rebalancing of industries and markets — but bailing out the car makers and some financial institutions didn’t support free market economics. These industries simply have to work through their crisis or fade away. Other industries must do the same.
In the U.S. there is nearly 110 square feet of retail business for every man, woman, and child in the country. I believe our consumer-driven economy is changing, with consumers deciding not to buy using debt any longer. That means much of the retail industry is no longer necessary. In a free-market economy, those who can’t compete fail. We can’t have the government spending our taxpayer dollars to prop up one industry over another. The market has to decide what happens. It may not be a pretty process, but it is the only way our economy can reach balance and heal.
We need to encourage our elected leaders to understand that we cannot be an isolated economy. Tariffs and protectionist thinking is outdated and doesn’t address the fact that we are part of a much larger global economy. One of the recent bright spots in our economy has been growth in exported U.S. goods. To continue that trend we need to think of ways to balance trade that don’t involve punitive tariffs and outdated protectionist thinking.