This Nation could be booming right now if we would allow it to do so.
Former Communist nations in Asia seem to be allowing more free enterprise than we are here.
So much of the money that is taken by government is spent wastefully or inefficiently. We need to keep as much money as possible in private hands so there will be more funds available to start or expand businesses and more for parents to spend on their children.
Unfortunately, even most of the money spent on programs for children really ends up with most of it going to government employees.
Most people, according to many polls, believe job creation should be the main goal of the Congress.
Tony Blair, the former British Prime Minister, said in a speech:
"The role of government is to stabilize and the get out of the way as quickly as possible. Ultimately, the recovery will be led not by the government but by industry, business and the creativity, ingenuity and enterprise of people. If the measures you take in responding to the crisis diminish their incentives, curb their entrepreneurship, and make them feel unsure about the climate in which they are working, the recovery becomes uncertain.”
Even in boom times, thousands of small businesses go under and we do not bail them out, so it was very unfair to do what was done; we also had to borrow all the money to do it and raise the national debt by trillions.
There were other less expensive alternatives that would have been more effective in helping the economy.
The top officer of the BB&T Banking Chain, headquartered in North Carolina, wrote every member of the House and Senate, with 14 points against the bailout.
He said it was unfair to make healthy banks pay for the mistakes of bad or reckless banks. He added that simply giving everyone who would buy or build a house (whether a first home, second home, or whatever) a large tax credit would have done much more to help the economy and realtors and homebuilders and others at a much, much lower cost. However, it is almost impossible to get the federal government to do anything in a simple, economical way.