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PrintApril 7, 2011
America Cannot 'Afford' President Obama's Policies
President Obama is intent on making the GOP compromise with his policies on the budget, and his rationale is that a shutdown would be terrible for the economy. As Reuters reports:
"President Barack Obama Tuesday warned that the U.S. economy could not afford the disruption that a government shutdown could inflict..."
President Obama is mistaken in saying the U.S economy cannot "afford" a government shutdown. What the U.S economy really cannot afford is a continuation of his policies that are destroying the private sector. Much like statists from the past, his policies are fighting prosperity in every way possible. In an article entitled "The Rise of American Big Government: A Brief History of How We Got Here" in The Objective Standard, Michael Dahlen writes:
"The major difference between the Great Depression and all prior downturns -what made the depression so severe and lengthy-was massive government intervention. Ad hoc intervention bred uncertainty and a lack of confidence. With the government constantly changing the rules, businessmen could not rationally plan for the future because they had no idea what the government was going to do next. As a result, they postponed both new investments and the hiring of additional workers, thereby delaying economic recovery."
This injustice that was done then, is happening now.
Only under freedom can America's economy recover from being battered by President Bush and President Obama's big government policies. To the extent that American succeeds in moving towards freedom and away from statism, is to the extent of the American recovery's zest.
The GOP should stand strong on their stated goals, and heed the advice of the Tea Party on government spending: "Cut it or Shut it."
