| Free Market Invisible Hand |
| Written by Armstrong Williams |
| Monday, 01 February 2010 14:57 |
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Do American's truly trust President Obama and his cohorts to create jobs, stimulate the depleted economy, and return respect to the Almighty dollar? History has consistently reinforced that it's the private and not public sector that has created long term jobs and sustained prosperity.
While these latest economic proposals from the Obama administration to turn the market place around may do more good than harm, they are far from the most efficient and effective ways to bolster the economy and jobs. Unfortunately the federal government’s track record of picking winners and losers in the economy has not been very good. A far simpler and more effective approach would be to extend the Bush tax cuts for 5-10 years. This would eliminate the need of the government from deciding what sectors of the economy will stimulate growth and jobs. The only downside from the administration’s point of view is that the administration will not be able to redistribute income to its favored constituents that are not favored by the invisible hand of the free market. |
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