Saturday, December 27, 2008

I'm From the Government and I'm Here to Help... Part III

It seems like every time there is an economic downturn, some people start clamoring for government support of the economy. Unfortunately, from a logical, historic perspective, more government interference does nothing to actually rebuild the economy.

See this video to learn more about the theory of "More Government Assistance will Help the Economy."



The reason this is important is because Obama is about to take office. The US economy is at it's weakest level in years. We have already had a spate of "bailouts" for private firms, with talk of more to come. Unfortunately, these government interventions do not truly fix the problem. Without some time to 'reset,' the economy will continue to falter and flail.

We need more common sense and less use of tax payer money to try and make politicians look good.

1 comment:

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