Every time we choose a new president we decide our nation’s future, or at least that’s what we are told. It’s almost never true. Even the brashest, most out of control presidential act can be stopped dead in its tracks by a simple court decision. Money matters a lot more than who is in charge and in politics that means fighting over debt and spending, a battle with much higher stakes than bickering over who gets to be our national figurehead.
Congress seems determined to prevent our economy from flourishing whether lawmakers are spending to reduce the deficit, raising the federal budget, bumping up the debt ceiling, or killing jobs with bad legislation.
The economy isn’t about numbers. It’s about the fundamental struggle between right and left.
Free market battles politics
Is the government responsible for making our economic lives better or is this the job of free market capitalism?
Washington funds defense, entitlements, and essential services. The free market doesn’t need politics. It can take care of itself.
Economy survives Obama, turns to Trump
After Obama’s jaw-dropping post-recession deficits and the accompanying rise in the national debt Trump and the Republicans took over with their own rules for spending our money. Tax reform, health care spending, the defense budget, entitlements, and federal benefits are all on the table and look to stay there for quite some time. Health care reform and our skyrocketing premiums, in particular, look like insurmountable problems.
Democrats wasted no time blasting the cruelty of the proposed Trump Budget. They won’t acknowledge their failure to bring prosperity to the middle and working classes or the fact that social spending is a vote getter, not a ladder to a better life. Republicans, on the other hand, tend to ignore the obvious: you can’t suddenly pull the rug out from under people who have relied on the government dole for far too long.
Small business is important one day of the year
November 25, 2017 was Small Business Saturday, a day dedicated to celebrating job creators. When it’s over we will go back to punishing them for the other 364 days of the year.
Politics demands that businesses pay more, but the free market knows that when companies are forced to shell out too much they cut back. That’s why the liberal living wage experiment popularized hasn’t worked out very well in places like Cook County, Illinois, where townships refused to buy into new minimum wage guidelines.
What is the Economy category about?
The economy category has posts on federal spending, debt and deficit, labor laws and policies, and the tenuous relationship between the government, taxpayers, and the businesses that keep Americans employed.
Economics should be all about the numbers, but when politics gets involved the numbers are the least of our worries.
It should not be a shock that President Obama sees workers as a collective instead of individuals pursuing goals and careers. He has a habit of viewing things from the left. Somewhere below his Oval Office perch employees fill slots in an economy he still wants to engineer. This was painfully evident in a talk about skills training at a community college in Michigan.
Show me a country where competition isn’t fueled by greed and I’ll show you a country not worth living in. In America greed makes us great. Just look at the lines at your local convenience store when the lottery jackpot soars. Quick, easy money is an impossible lure. People want to be rich. No matter what values we endorse, deep down we know that rich is great and greed gets us there.
Trying to connect the dots between housing, equality, and success in a way that makes sense is quite a stretch, even for Barack Obama. Our incomes are not secured by our equal protection rights. Neither are our houses, though they had a lot to do with the bad mortgages for unaffordable dreams that helped cause the president’s Great Recession.
Should you trust the financial advisor calling your retirement planning shots or the political hacks who insist that you are a victim being taken for a ride? If protecting your hard-earned money from greedy financial planners is your goal, the Federal Government seems like an unlikely guardian. It hasn’t done a very good job safeguarding the nation’s finances.