Many of the left side of the political spectrum think that bigger government is not only preferred, but required, in order to keep this country moving. Some have more sinister agendas that secretly call for downgrading American exceptionalism in favor of global equality with other lesser economies in other countries.
What they fail to account for is that the free market economy which built this nation into the most powerful, wealthiest, prosperous nation in history cannot be centrally planned or executed.
Free market economy means people all over the nation, and around the globe for that matter, making decisions about what they want or need, and what they are willing to give up in order to get those things. Billions or people making thousands of decisions daily about how and where to spend money, time and effort.
Private or public school? Buy new or used car, or repair existing car? Remodel the house, or move to new house? Drive or take a bus, train or plane? Grocery store or dine out? Dinner and movie or DVD and microwave popcorn? Hire employee or save money until regulations are settled? Stay and pay, or move and pay less, in taxes I mean?
In recent times our President Obama has excused his inability to properly plan for the economy due to the following events or circumstances: tsunami, ATMs, kiosks in airports, hurricanes, two wars, past administrations, obstructionist politicians, European economic issues, and more. If he cannot control for these events, inventions, and circumstances, how can a central planner possibly account for billions of free wills making self interested decisions?
The answer is, of course, you cannot. The self interest of all parties involved in the marketplace is a powerful force which can be regulated, but not planned for and controlled.
The federal government tries to regulate this economic activity, but that regulatory goal has been bastardized into controlling. Agencies like the EPA, FCC and others have sought to control activity through regulation, which has the effect of law. Navigating this regulatory maze is now the business of many lawyers and consultants, and an extremely high cost to employers primarily, and also to consumers.
If government would reduce regulations to a lesser, manageable degree, and let economic activity take place with less interference, the economy would begin growing at levels we have not seen in almost a decade. As economic activity increases, the revenue from taxation also increases, without a need to raise tax rates.
Get out of the way and let it work. We will all reap the benefits.
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