Daily Quote: "The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
Milton Friedman
Submitted by rresendes on Thu, 04/23/2009 - 8:08am
Send to friend
Printer-friendly version
Send to friendPrinter-friendly versionWhether one feels capitalism is nice or not, empirically there is no debate that no other system governing a society has produced more wealth for all its citizens in a shorter period of time than American capitalism. No society has been able to produce a better standard of living for its citizens, or generate greater amounts of charity around the world, than America over its short history as a nation.
The founding concepts behind America that its citizens own the product of their labor and the government exists to preserve those rights has been extraordinarily successful. Yet it is amazing that there is even a debate as to whether or not that should be the way forward.
This article in the New Republic begins to highlight how Obama will look to fundamentally alter the relationship between the government and American citizens, by claiming that the government is fundamentally entitled to everyone's productivity and thus free to redistribute those efforts at will. Here is an interesting section of the article.
"Finally, there is the sheer size of Obama's intervention. Obama's stimulus program and its budget are going to lift overall government spending from the 30s to well over 40 percent of GDP. Its 2009 budget, along with other public spending, could reach 45 percent of GDP. That's in response to a crisis, but as has happened before, the extent of government intervention is likely to remain permanent."
While many applaud Obama's efforts to create an equal outcome nation, the real losers will ultimately be our children and grandchildren that will grow up in a world thinking they owe their freedom and productivity to the government rather than themselves. Very sad if indeed that comes to pass. Historians argue that selling Manhattan Island for beads was a crazy trade, but selling American liberty for a few hundred dollars of welfare via tax redistributions will truly stump historians in the future.
»
- rresendes's blog
- Login or register to post comments
Wow I am always ready for the new updates and waiting for some new.Thanks Payday Loans How To Get Rid Of Stretch Marks How To Get Pregnant
Nowadays the louis vuitton speedy has become a luxury as well as a necessity.Our designer handbags follow each authentic design, right down to the stitch. All our replica watches are high quality chanel handbags designer handbags come with Japanese movement, stainless steel and sapphire mineral glass which is resistant to scratches
supply in stock and custom lace front wigs, full lace wigs, lace wigs, human hair wigs, remy lace front wigs, cheap wigs, cheap, buy, celebrity full lace wigs lace wigs lace wigs sale lace front wigs synthetic front lace wigs Full Lace Front Wig, Long & Short Hair Wigs: 80% OFF at Celebrity Wigs. We ensure 100% customer satisfaction with our Long & Short Indian Remy Hair Wigs. cheap wedding dresses cheap evening dresses cheap prom dresses cheap evening dresses cheap prom dresses
I just dont know how Obama will sope with Capitalism. Its going to affect the economy, somehow. Since economic downturn has made us aware of what could the economy may look like if we leave this left out, a full sport is needed though.It's been tough for many businesses to recuperate from the recession, and the housing market is still in the dumps – but FedEx is beginning to improve, and so is UPS. FedEx reported slightly improving third quarter earnings, so they're getting back down to business – they had made some cuts, such as 401K benefits and bonuses, but kept their ground force on the job – and out of needing payroll loans or payday loans to keep afloat.
Have you ever woken up late at night because of the problems with your health and realized that you ve no drugs?
With our round-the-clock online pharmacy you don t have the necessity to go to the drugstore. We are here to make your life easier. The only thing you have to do is to order the medicine you need through your computer.
Nowadays ordering goods online is preferred by millions people all over the world And the reasons are the following: lower prices and a saving of money and effort. Moreover, in case you purchase Viagra online, you will have privacy and won t be embarrassed of interacting directly with your doctor or the pharmacist. Acomplia can be bought through our online pharmacy and delivered to your doormat. The advantage of our online pharmacy is that your will be delivered to 190 countries around the world Beyond that, we offer lower prices and discount programs from time to time. The function of our pharmacy is to satisfy your wishes. You can pay for your Diflucan in different ways and you can also have refundable facility within a dozen of days. In order to get more detailed information please visit our site - letterheadforemail.com
No wonder that the demand for online medicines is growing rapidly every day as with letterheadforemail. Com pharmacy your medicine is only a click away!
And we are soon to see the biggest of all the budget crunchers--the socialization of medicine, which Congress will shortly unveil. This is the holy grail for progressives and will mark the point of no return for socialism in this country. As this becomes fully integrated as a "right" for all citizens, non-citizens, and illegal aliens, our nations's budget and debt will bloom past levels seen in WW II and medical care as seen currently by the majority of us (and including the many no-pay currently taken care of at hospitals throughtout our country) will be unsustainable. Medicine is currently 17% of our GDP; although some of this is currently financed by the government, the majority is still private. This will all become incorporated under the Federal banner. The 1Trillion $ currently bantered will be the tip of the iceberg in cost to our citizens, as currently government systems have no incentives built in for savings by the healtcare recipients. In the short term this will worsen and bloom the deficit for more than the $1T. When the government sees the debacle that will transpire, we will then see either two tier medicine as in some European countries, or rationed care as seen in Canada.
Regardless, socialized medicine, the holy grail for true hardcore libs, will be the point of no return for a socialist mindset in this country and the tipping point for loss of American financial solvency.
The median contribution of government consumption to the overall GDP is 20% from 1929 to 2008. It is only during WWII, the US government consumption and spending accounted for more than 40% of GDP (1943-1945). Obama is conducting a new war through crazy spending - the class war. America, however, has nothing to gain from this new war, but to face an abject future of failures.