My father was over the other day and recommended that I read a good novel and forget politics. Well, as much as I would like to do that, I am afraid that so much is at stake that I feel it is very important to follow what is going on. It really does seem the country is leaning left with massive government bailouts, and an new government proposals for a massive infusion of cash. If we have more bailouts similar to the last one, no one will have any idea where the money is going. If the Democrats are upset over the Bush problems, wait until they have the reigns. The chance for corruption will be huge. Further, there is a plethora of data showing that reducing taxes has a huge influence in turning the economy around. FDR's bailouts were in place for 10 years before anything really started. It took WWII and the battle for England before America really began to produce long term jobs. Work on the infrastructure will create more jobs but not for the overall population. Roads are not made by hand with hand tools anymore. They are constructed by skilled labor using heavy machinery. We need to remove taxes on investment so people will save and invest. This is especially true for the rich. Re-distribution of income is a misnomer. The best way is to create income. Use the rich investments to generate new jobs and wealth. As more get rich, even with lower taxes, government's revenue increases. Unfortunately, the Democrats seem to want to punish success rather then reward success and creation of wealth and jobs.
We shall see what happens. Hopefully the new administration correctly reads the situation and does the right thing.
Thanks for reading.