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Government Takeover Is Never A Good Idea

Guest post by: Michael Hume

Article Overview: I have argued that there are two sorts of people out there (and inside each of us): the Entrepreneur, who is self-reliant, personally responsible and lives by a sense of obligation to his fellow human... and the Victim, who relies on others to solve his problems, and lives by a sense of entitlement. If, as a society, we lean toward Victimhood, we're in trouble. If we can give Entrepreneurship the upper hand, we might just solve this mess.

Government Takeover Is Never A Good Idea

The More Government, The Longer and Deeper The Recession If you listen to today's mainstream media, you might think our current government has led us to a "recovery" from a recession that is wholly the fault of George W. Bush, although the recovery is, mysteriously, "weak."

Are we really in recovery in the United States, or is this simply the eye of a large, frightening storm? Some experts predict our social programs, entitlements, big government and huge spending spell disaster... I've heard that conditions are ripe for a huge crash in the American stock market, with the rest of the world to follow in a repeat performance of the Great Depression.

I have argued that there are two sorts of people out there (and inside each of us): the Entrepreneur, who is self-reliant, personally responsible and lives by a sense of obligation to his fellow human... and the Victim, who relies on others to solve his problems, and lives by a sense of entitlement. If, as a society, we lean toward Victimhood, we're in trouble. If we can give Entrepreneurship the upper hand, we might just solve this mess.

"Progressives" in our governments play to the victims. They will promise you any amount of other people's money to get you to vote their way. Conservatives tend to appeal more to the entrepreneur in each of us. They promise to get government out of your way so you can chase the "American Dream," and in the process, create a healthy and wealthy private sector that makes everyone (from the top to the bottom of the economic scale) more happy and secure.

Let's take a look at how previous U.S. administrations have handled economic crises in the last century:

In 1920, the country faced a huge recession you've probably never heard of. That's because the government handled it by not really doing much, and it went away. It was an election year, and incumbent Woodrow Wilson was bedridden following a stroke (otherwise things might have turned out much differently). He never got around to implementing big spending and social programs. Instead, his short-lived successor Warren G. Harding and vice president Calvin Coolidge cut federal spending by 50% and otherwise took no action (including the non-action of keeping tax rates low)... and the recession of 1920 ended, ushering in an era of rapid economic growth later dubbed "The Roaring Twenties."

The Roar ended in 1929 with the stock market crash. First liberal Republican Herbert Hoover, then Democrat Franklin D. Roosevelt, handled the crisis in a very different way. They grew government, grew taxes, grew regulation... and grew the Depression. Recent studies have shown that the Great Depression would have been much less "great," and much shorter, without all the government "help." It's a fact that the stock market took 25 years to regain its 1929 highs... that's 1954, two-and-a-half decades and two wars later.

In 1980, Ronald Reagan inherited a much worse economy than did Barack Obama. Unemployment and inflation were both in double digits, interest rates were through the roof, and world events gave investors no comfort (the war those days was "cold," but anyone alive back then will tell you that was not a trivial war... and more than a hundred hostages in Tehran will tell you the emergence of radical Islam was no picnic, either). Rather than sit around for years blaming the Carter administration for all the nation's woes (which might've been more appropriate than today's "blame Bush" recitals), Reagan cut taxes, cut government, and cut regulation. The result was the biggest and longest growth of the economy in world history.

Today, the government is ideologically wedded to intervention in the economy in a style and scope very like that of the federal intervention in the Great Depression. You don't need a weatherman to know which way this wind is going to blow.

Maybe it will all blow over. But if it doesn't, it's time now to think about how you're going to weather the next great depression. Are you ready for the stock market to be trading at around 3000? How about hyper-inflation? Maybe the mythical million-dollar loaf of bread won't happen. You willing to bet your family's livelihood on that, given history, and given the current government's proclivities?

Start a business on the side. Save your money. Get out of debt as soon as you can. Grow some vegetables.

Yeah, maybe it's just fear-mongering paranoia.

Good luck trusting this administration.

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Article Tags: economic reform, government takeover, health weatlh and happiness, personal responsibility



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Re: Can someone explain Search engine optimization to me? - Hi, Ask yourself, "What is the goal of a search engine like Google?" A search engine's goal is to provide the most related (or best) web page results when someone searches. Do you think people are searching for "Auction Cars Government" or "Government Car Auction." In fact type those keywords into Google with the quotation marks. You will find that Google gives different results for each keyword phrases. Granted you get many of the web pages ranking the same but there is a difference. My answer is, use "Government Car Auction" or even "Government Seized Car Auction" because that is what people are searching for. That is how the majority of the indexed pages use. That is what makes sense when you read the phrase. Jeff
Research & Development Tax Credits - If anyone is involved in any sort of R&D I have a contact that can submit an application for you to the Government of Canada to get back upto 80% of expenses you may have incurred. Best of all - all this at no cost to you. She's worked with companies of all sizes and part of her services, which are included is how to structure yourself in the future to continue to receive these Government Tax Credits. She can even go back to the last three years in your books to get Tax Credits refunds as well. Email me and I can share her details with you.
Re: Obama Wants Social Security for Illegals - [quote="Alan Mater":1q4mpk8g][quote:1q4mpk8g] This is what happens when the Government gets involved and puts its nose where it shouldn't. Let the market correct itself. There is no reason for the Government to bail everyone out. If the businesses, mainly banks, weren't corrupted with greed, this wouldn't have happened. They are and it did, so let them dwindle away and pay for their mistakes. That's what any small business has to do. Why should they be any different. They have gotten away with it for over 10 years! Surely they should have seen this coming. [/quote:1q4mpk8g][/quote:1q4mpk8g] The same thing happened in the early 30's that's why the law to prevent these practices was put in place. But, during the Clinton administration people decided that eliminating that law would boost the economy - once again, that didn't work. Kind of reminds you of the saying that people who don't consider history are bound to repeat it. Chris
Re: Obama Wants Social Security for Illegals - [quote="ChrisH":1v1r9kmu][quote="Alan Mater":1v1r9kmu][quote:1v1r9kmu] This is what happens when the Government gets involved and puts its nose where it shouldn't. Let the market correct itself. There is no reason for the Government to bail everyone out. If the businesses, mainly banks, weren't corrupted with greed, this wouldn't have happened. They are and it did, so let them dwindle away and pay for their mistakes. That's what any small business has to do. Why should they be any different. They have gotten away with it for over 10 years! Surely they should have seen this coming. [/quote:1v1r9kmu][/quote:1v1r9kmu] The same thing happened in the early 30's that's why the law to prevent these practices was put in place. But, during the Clinton administration people decided that eliminating that law would boost the economy - once again, that didn't work. Kind of reminds you of the saying that people who don't consider history are bound to repeat it. Chris[/quote:1v1r9kmu] I totally agree. Now we're paying for that mistake.
try the Government Grant Authority - Well friend, you can try the Government Grant Authority & If you would like to claim your share of free government grants then I will personally suggest you for this place. Few years ago I went there for help and I was really surprised to get it without any effort.


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