The economy has been stagnant for the last 3 years and the
excuse continues to be that we are still digging out of an economic collapse
rivaling the great depression. We believe that excuse? The reality is the
economic collapse was caused by government interference. The government forced
lenders to reduce or remove income requirements that people actually have the
means to pay back the mortgages they agreed to. In order to convince the
private sector to go along with this scheme to increase home ownership at any
cost, the federal government guaranteed these loans so that there was no risk
to the private institutions. The federal government is the root cause of this
market meltdown.
The domino effect of these federal mandates to loan money to
anyone and everyone impacted the overall economy, and sent the fragile auto
industry into crisis. The economic crisis was compounding the fact that the
auto industry had embarked on union contracts that were unsustainable. Add to
that the years of regulations that have added costs to the production of cars
by the federal government, and you have a cost model to produce a product that
was sure to collapse. Instead of letting the companies go through bankruptcy,
which has always proven to be the best method of restructuring, the federal
government stepped in to take over GM and Chrysler. The federal government
took tax payer dollars, saved the unions, and fired nonunion workers. Even
though they say this was a “success”, it has hampered the auto industries
comeback. Ford who refused the bailout is actually the healthiest car company
today. The taxpayers are going to lose billions of dollars once the final tally
is counted.
Obamacare is mandating insurance coverage, forcing doctors
to take ridiculously low fees to see government funded patients (Medicare),
increasing taxes on medical devices and innovative companies trying to make the
industry more productive, forcing patients to tell the IRS about their personal
healthcare matters, and people are surprised that the cost of healthcare is
rising and the quality is going to be impacted as well. What do stupid people
think will happen?
The EPA and the president stop the energy production of fossil
fuels including the Keystone pipeline, put tax payer money into sustainable
energy companies whose business models are unsustainable, and people wonder why
gas prices average $3.50 a gallon. What do stupid people think about this?
The intrusion of the federal government into our markets and
lives is destroying the wealth and health of this country and we applaud this
president for “caring” about the “common guy.” Tax the rich because they make
so much anyway!! It doesn’t matter that the people that are wealthy have
created most of the jobs in this country, or the fact that rewards improve the likelihood
people will risk their money to start a business, but we are too stupid to
figure this out. Stupid people want to punish the people that create jobs as
companies announce layoffs. What did the stupid people expect?
The federal government has not presented the country with a
budget for 3 years. We accept it and chalk it up to politics. Chalk it up to
people too stupid to hold their government accountable.
If we don’t take back our educational institutions from the
incompetent people in charge, we are doomed forever. Our kids are not taught
about our founding, constitution, the power of capitalism and free markets or
how to think analytically, and we wonder why people are stupid enough to vote
for more of this policy chaos?
Stupid is what stupid does…
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