Why Mr. Obama Causes Worry

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Posted on : 11/09/2010 10:25:00 PM | By : Dann | In : , , , ,

Victor Davis Hanson has a brief piece that is well worth the time.  In it he breaks down the real reason why Mr. Obama...and his team....are worry some to those that desire a vibrant and growing economy.

- Economics 101

Mr. Hanson asserts that one primary concern is the Mr. Obama...and friends...appear to be unaware that the panoply of human history points to one obvious conclusion.  That individuals with the ability to better their own economic condition will achieve that result.  People living under centrally planned economies will not.

- Texas or California?

The debate is not between a fully unfettered free market and a communist state but rather it is the narrower choice between Switzerland and Greece.  I would suggest that another comparison would be Germany and Ireland.  Mr. Hanson tosses in Texas and California for good measure.

There is a difference between having an appropriate level of regulation coupled with restrained public spending and an expansionist government fully confident in its ability to tax and regulate a nation's way into prosperity.

- Neither Baron nor Insect

Mr. Hanson suggests that it is counterproductive to demonize those that have earned their wealth by adding to the many options that we all enjoy in our lives.  People like Bill Gates and Warren Buffet have contributed to our national well being by creating wealth.  It is this created wealth that permits us to fund government activities.

The wealth the public sector consumes must first be created.  Demonizing entrepreneurs is counterproductive to that creative process.

- Grows on Trees?

Mr. Obama....and friends....appear to have little direct experience with the process of creating wealth.  Instead they have lived parasitic lives....my description....in jobs funded largely by taxpayers.  Having never balanced a budget, or run a major company, Mr. Obama is now in a position where both skills would serve him in good stead.

Had he embraced the individual liberty that is the foundation of our country, he might have led a company as it grew and innovated.  And with that knowledge and experience, he would be better prepared to lead us out of our current economic doldrums. 

Instead, we find ourselves subjected to theories that are simultaneously "interesting" and unproven within human history.

Is it any wonder that people with money to invest are opting to keep it in their pockets?

Mr. Hanson is more eloquent than I.  Please take the time to read his thoughts.

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