Reflections From a Murky Pond

The American economy, bogged down in an extended recession, is not walking swiftly down the road to recovery. In point of fact, it seems to be trudging slowly and painfully down the road to recovery with only slow improvements and few jobs for the American people.

This is not surprising since American businesses and corporation are forced to drag the huge, dead weight of government intervention along with them down that road.

The Road To Recovery

One can argue that any specific piece of government intervention into the market is necessary. One cannot, however, rationally dispute that almost all forms of government regulation have a chilling effect upon the economy. One also cannot rationally argue that these prior restraints upon trade have a disproportionate negative effect during times of economic crisis such as America now finds itself in.

To make matters worse, most occurrences of government intervention into the private sphere are politically motivated and the laws, regulations, and “fixes” are neither straightforward or equitable. They are instead laden with handouts to the politicians’ backers and supporters.

It comes down to one’s priorities. If one wants the economy to recover more quickly and robustly, one has to free it from the shackles of government intervention. If one wants to favor other interests or to have a slower growing, managed economy – paying the price in the loss of “booms” in order to avoid “busts” – one can continue on in the manner of the current regime.

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Obama, or more likely his handlers, may have listened to the common refrain, “It’s the economy, stupid!” It certainly looks like Obama is jockeying for position in the 2012 elections by riding the economy.

Wheeeeeeee!

I don’t think that Obama’s selling to the American people though. He’s spent too much time over the last three years selling them down the river – the Yangtze river that is.

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Can you say green jobs? It’s easy; just say, “gōngzuò de” which is Chinese for “green jobs.” and it looks like China will be where those “green jobs” that Obama promised will be.

It seems that back in September 2011, the Obama-appointed heads of General Motors signed an agreement with the Chinese government to effectively move all future electric vehicle (EV) development to China. Primary production of such vehicles will also likely move to China.

America’s Liar-in-Chief, Obama strikes again.

But then almost all of these “green jobs” that Obama has touted and attacked traditional American jobs and practices over have gone to foreigners so GM’s moving their electric powertrain development to China shouldn’t come as a surprise despite Obama giving them a massive handout from the taxpayers’ coffers.

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