Wednesday, October 7, 2009

US Unemployment and the Golden Egg

Around this time last year, I was pushing my conservative agenda with McCain. Although McCain was also a bit too inconsistent for me, he was on the right track when it came to helping the US. Today, I think he would've done a better job than Obama.

McCain wanted to lower the corporate tax rate, make permanent the capital gains cuts, and create an open market for healthcare providers to compete across states. These are all free-market solutions.
  1. Lower corporate tax rates allow businesses more flexibility and make them more competitive internationally.
  2. Lower capital gains tax (ie: stock investment returns, home sales, the death tax) all spur more investment and spending in the economy. Why? What do, we the people, do when they get more money? We... spend, deposit in a bank (which the banks use to loan), or we invest. Either way, it's helping the economy.
  3. An open market for health care across the states will allow more competition that has been restricted by government regulation. The government doesn't allow cross-state insurance plans. Free-market solution will make these plans more competitive, thus driving down cost and increasing quality.
What do we get instead? We get Obama, who frankly is doing nothing significant to help the economy. Only 20% of the massive stimulus bill he passed has been used. They requisition all 787b this money which drives up inflation and weakens the dollar, but what has it done? It's been sitting outside the economy. It's not being used at all. That's putting a lot of capital on the side lines which reduces economic liquidity. How does that help the jobless rate?

I wrote the facebook post a year ago about how democrats are too focused on spending as opposed to creating golden eggs. Almost a year now, and this is proof of it. Obama is focused on how to choke the goose, and how to redistribute the golden eggs. What has he done to increase wealth production? Seriously, let's ask this question, because it's the economy stupid.

Lastly on my Obama rant, why is he still doing nothing about Afghanistan? The top general for the region says that he needs more troops to accomplish his mission. Bush was a tard and didn't send enough soldiers over there, so we saw more loss. After the 'surge' that McCain spearheaded, boom, we a more stable Iraq. Let's do this for Afghanistan and be done with it. But no, Obama is still thinking about it. When he finally comes to a decision, I'd like to read what it was that he was so busy deliberating.

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