Saturday, August 21, 2010

Liberty Champagne

"It doesn't take a genius to see that the Democrats' so-called economic recovery plans are failing. All it takes is common sense, which is in short supply in Washington these days.
The bill the Senate passed last week is similar to the stimulus program that was supposed to spur long-term growth but had only a small, short-term effect and wound up mostly helping public employees and contractors. It directs money to Democratic constituencies, not the public at large.
This is the basic problem with the government's "recovery" efforts. They are redistributions of wealth that don't stimulate the broader economy. Meanwhile, other Washington policies are discouraging private investment and business expansion. The economy sputters along while Washington Democrats dole out cash to their friends."
With apologies to Mark Perry, who is showing that there is evidence of a recovery, I have to wonder if even the Democrats still believe in their power to stimulate growth through government intervention. If not, to what degree will they explore the other option - less government intervention, fewer perverted market incentives, and increasing economic liberty. "Pop the cork on the liberty champagne" and let's get this party started.

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