SOUNDS GOOD BUT DOES NOT WORK

For those in the know, they can see through to something that will not work. In reality, a proposal will have the opposite effect of what is proposed. The intelligence level of our elected officials is at an all time low. I do not know if elected officials have ever been blessed with intelligence. A wise politician is not something that I have ever seen in my lifetime, nor do I think that there ever will be one.

All government policies are designed to make it look as though the government is doing something. When the government should refrain from doing something that is when you can be assured that the government goes into high gear. Since most people’s thinking is characterized by what is physically visible, they see the government putting men to work and think that this is a good thing. They do not understand economics and that these government expenditures will prolong any economic recovery.

Governments do not create employment, entrepreneurs do. What the government needs to do during this period of economic crisis is to allow the market to correct itself. The government needs to sit on the sideline and ensure that contracts are enforced. The government will not do this because they are being pressured by the voters to do something, anything. So the government wants to give the impression that they are riding to the rescue.

"Obama said on Saturday he was crafting an aggressive two-year stimulus plan to revive the economy, aiming to save 2.5 million jobs by January 2011 through projects including transportation infrastructure, school modernization and alternative energy." (Yahoo News). Notice Obama’s economic policy is based upon one time projects and also on investing in non existent alternative energy.

When a bridge or a road is complete, there is no recurring work. A business that produces a product that people need employs people year after year. Government employment that Obama is proposing is a one shot project i.e. short term. Businesses creating jobs is long term. Obama’s proposals are thus designed for the immediate moment, not for the future. This means that his economic policies will not work long term. He thinks mistakenly that spending is what gets an economy going, not savings.

Obama’s economic policy will stimulate the economy in the short term but will not be sustainable long term. In other word’s, his policies are already a failure before he has been sworn in as President. Of course, he and his advisors think that they are doing what is going to work. It sounds good on the surface, but it will end up making things worse, not better. His failed economic policies will prove that intelligence and politicians are mutually exclusive terms. The two can never be merged together.