Strong Government Hand

In a recent interview with The Wall Street Journal, Senator Barack Obama outlined some of his economic policies. According to the WSJ, he focused in on two areas; competition from economically emerging countries like India and China and the the US having a "winner take all" economy where economic gains are skewed to the wealthy. I am about to have a Glenn Beck moment and grab the duct tape.

"Globalization and technology and automation all weaken the position of workers," he said, and a strong government hand is needed to assure that wealth is distributed more equitably.

The man has spoken, and it is quite clear about the direction he wants to take America. For those of us who subscribe to The Kudlow Creed, where free market capitalism is the best path to prosperity, Obama's economic plans would cripple America.

No question, workers positions can be weakened, or eliminated, due to innovation and technology. This is a good thing. Used a pay phone lately? Didn't think so.

Tops on the list of what this economy does not need is government reaching their hand into the marketplace in an effort to "redistribute wealth". We are actually not communists.

"The explorers of the modern era are entrepreneurs. Men with vision; with the courage to take risks, and faith enough to brave the unknown"---Ronald Reagan, May 31, 1998.

Visionaries who take these risks should be the ones rewarded, and they should not be required to distribute their success with others. With Obama's plan, economic incentives to chase dreams will be thwarted.

There is a current correlation going on today with respect to oil as oil companies make expenditures on research and development in an effort search for alternatives, expand drilling capacity and identify new reserves. But, a recent move in congress right out of Obama's playbook might crush the economic incentive on these companies to continue to strive for more efficient energy options.

Think of Obama's strong government hand as you take a listen to Maixne Waters D:CA. Are you trying to kid me?



Unfortunately, this comedy act is serious and must be denied, unless you find Hugo Chavez's Venezuala appealing. Several members of our congressional representation and a host of Hollywood idiots indeed do. I do not. Quoting CNBC's Larry Kudlow once again, "Either you believe in markets or you believe in government." I'll go with free market capitialism thank you very much.