Are We Just Prolonging the Inevitable with the Economy?
When you talk about the economy, there is bound to be discussion on the many infusions that the government has put into the infrastructure that supports the American economy. There is also a lot of praise for helping to stop the US from spiraling out of control into a full on depression, circa early 1900′s, where unemployment was at record highs and destitution became the new way of life for the majority of Americans.
This time, the government hoped to step in to stave off that type of scenario, and it looks like the prevented total and utter destruction fo the American economic infrastructure, but are they really just prolonging the inevitable massive collapse that is a natural byproduct of the spending beyond means and easy credit that happened for so many years?
Many people are thinking so, and they’re starting to come out of the wood work now. One politician who has been vocal about criticizing government’s actions and has been calling for reform for years, and one I happen to like and value some of his ideas, but not all, is Ron Paul. He may seem like somewhat of a curmudgeon, but this guy is bright, and he really does have some ideas that make sense not only about the economy but also about a lot of other socioeconomic issues.
He echoes the sentiment of some very prominent economists when he says that the government is going to have to stop stepping in and artificially propping up the economy with cash infusions and programs, and let us just dwindle down even further, before a true, excruciating recovery can really take place. He thinks that by throwing money at programs and businesses (mostly big corporations, another major problem I have with these programs, they are throwing money at the very institutions whose poor judgment got us into this mess in the first place).
However, since these banks and institutions, including the car industry were “too big to fail” they did not see how they had a choice in the matter, and kept throwing money at the problem.
So, are we just prolonging the inevitable? Should the government just stop putting money into the hands of banks and other big businesses and just let the chips fall where they may? What do you think? Should they take a more laissez fare approach and stop meddling, or do we still need them to step in and make business decisions for the nation?
