2009年3月7日星期六

Obama's Radicalism Is Killing the Dow

A financial crisis is the worst time to change the foundations of American capitalism.
发帖者 时间：
标签：

3 条评论:

  1. we share nothing but thoughts2009年3月7日 15:30

    From the poorly designed stimulus bill and vague new financial rescue plan, to the enormous expansion of government spending, taxes and debt somehow permanently strengthening economic growth, the assumptions underlying the president's economic program seem bereft of rigorous analysis and a careful reading of history.

    Unfortunately, our history suggests new government programs, however noble the intent, more often wind up delivering less, more slowly, at far higher cost than projected, with potentially damaging unintended consequences. The most recent case, of course, was the government's meddling in the housing market to bring home ownership to low-income families, which became a prime cause of the current economic and financial disaster.

    On the growth effects of a large expansion of government, the European social welfare states present a window on our potential future: standards of living permanently 30% lower than ours. Rounding off perceived rough edges of our economic system may well be called for, but a major, perhaps irreversible, step toward a European-style social welfare state with its concomitant long-run economic stagnation is not.

    回复删除
  2. we share nothing but thoughts2009年3月7日 15:30

    the European social welfare states present a window on our potential future: standards of living permanently 30% lower than ours？

    回复删除
  3. we share nothing but thoughts2009年3月7日 15:30

    Expanding the scale and scope of government largess means that more and more of our best entrepreneurs, managers and workers will spend their time and talent chasing handouts subject to bureaucratic diktats, not the marketplace needs and wants of consumers.

    回复删除

订阅： 博文评论 (Atom)