On a quick note, I just have to say that I don't believe Obama will bring change as president of the United States. Part of the problem I have simply comes from listening to the candidates talk and what solutions they propose. Obama, better than McCain, scores political points, has talking points a mile long, and is, in his own right, decent at identifying problems.
It is his solutions that terrify me. Part of my reaction is sub-rational: when I look at what McCain proposes, as modest as those proposals are, I have a gut-feeling that he won't do much to hurt things, though I might remain skeptical as to where he will fix things. When I read Obama's proposals, or listen to him speak, I have a gut-feeling that he is going to tank the economy, and in general make matters worse.
I have some basic knowledge of economics. That can be boiled down to three points:
1) Supply and demand. You get full points on a Econ 101 exam by simply drawing an X on a chart and labeling one as supply and the other as demand. The reason is simple: the concept itself is simple to understand, but it is vital.
2) A man can increase capital through his own blood, sweat, and tears. In agriculture, assuming decent weather conditions, a farmer could increase capital by growing more crops. Simple as that.
3) When the costs are hidden, or something is free, people will take as much as they can, regardless of need. (This excludes those rare cases of something being so bad you couldn't give it away.)
What does Obama want to do with his economic policies? He wants to ignore supply and demand; he wants to cripple capital-making processes; and he wants to hide costs.
I might be completely out on a limb on economic policies, but this seems like a recipe for disaster. In my opinion, only someone who doesn't have the slightest clue of where money actually comes from could possibly think Obama's economic strategies are sound.
It seems like if you ask a liberal where money comes from, his answer will be (with a deer-in-headlights type expression): "The rich?"
Tuesday, October 07, 2008
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