BUD BREWER
One Man's Opinion
HOW DID WE GET HERE
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July 7th, 2010 |
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According to Webster’s dictionary, Liberty is “a concept of political philosophy. It identifies the condition in which an individual has the right to act according to his or her own will”. This concept of liberty, enabling the individual to exercise their free will to succeed or fail, doesn’t seem to be consistent with the current political philosophy of our President, the members of his Administration nor the Democrat controlled Congress and their supporters across this country. The President and his constituency appear to believe that continuing to allow the free will of individuals to be the driving force of good in this country is too dangerous, and if unmodified, will produce results that are so one sided and inequitable for the masses that it must not be allowed to continue unabated. Well he may have a point. If the standards of ethical or moral behavior are breaking down as evidenced by the BP carelessness in drilling a deep well in the Gulf or Wall Street investment firms thinking they don’t have to exercise fiduciary resposibility, or people walking away from their home mortgage obligations or if the economic wellbeing and life style achievements of the general population are deteriorating to a deprived state, then maybe today’s American citizen is just unable to cope with free will.
But if the American experiment is to continue, dragging the reluctant, disbelievers, and malcontents et al into a better life ahead, President O and his supporters have got to be slowed and eventually stopped or our dream of freedom and personal free will as embraced by willingness to accept personal responsibility for our choices will disappear. With what appear to be a series of dangerous, sometimes self serving, ideas to control or unnaturally influence the forces of economic science especially the market clearing function of demand and supply, this administration is in the process of seriously inhibiting our future economic growth. The unfettered market system of allocating capital to economic need is not free of pain for some, certainly more than we would like, but it will generate growth in domestic product and personal income from real, not artificial jobs, and if properly supported by fair and constructive government regulations will raise standards of living again.
In its brief 234 year history, the American economy has become the largest economic engine in the world and continues so even today though more moderately as the emerging contries like those in Southeast Asia, Brazil and eastern Europe have demonstrated high GDP growth in recent years. But it is important to remember that although the fragile 44 country members of the European Union have a combined GNP comparable to the U.S.A. economically and are often referred to as a single geographical entity, our GDP is over 27% of the total global production or an amount equal to $13-14 Trillion per year, three times the size of the next largest country, Japan. We have developed an incredible level of technology, scientific discoveries, modern communication and transportation systems along with industrial production efficiencies that with our highly educated and productive work force responding to behavioral incentives like non confiscatory low taxation and limited government have lifted the standard of living for all but a few of the almost 300 million people living here. We must not let a power grabbing government change the calculus of how we got here.
One Man’s Opinion–Bud Brewer