Obamanomics = More Gov’t Bailouts = RIP US Economy
This is a good example of where Democrats blame others for problems they sowed the seed for years before. Then to make matter worse, they offer up new (code: same ol answer) solutions, which is code for more government intervention/regulation, which in turn gets you more problems. It’s kind of like how all the lawyers and accountants used SOX regulations to get more work after Enron, when those two professions were responsible for the mess in the first place. Unbelievable.
From IBD Editorials:
There’s a political root cause to this mess that we ignore at our peril. If we blame the wrong culprits, we’ll learn the wrong lessons. And taxpayers will be on the hook for even larger bailouts down the road.
But the government-can-do-no-wrong crowd just doesn’t get it. They won’t acknowledge the law of unintended consequences from well-meaning, if misguided, acts.
Obama and Democrats on the Hill think even more regulation and more interference in the market will solve the problem their policies helped cause. For now, unarmed by the historic record, conventional wisdom is buying into their blame-business-first rhetoric and bigger-government solutions…
Market failure? Hardly. Once again, this crisis has government’s fingerprints all over it.
Sorry Obama your version of economic change, government bailout and interventionalism, is not one I’m willing to pay for, nor one America can afford.
Here’s to Obamanomics becoming a better punch line than a version of economics that actually brought about prosperity to millions of Americans: Reaganomics.
