Posted on 12/26/2008 1:38:44 PM PST by fiscon1
Barack Obama wants to use the recession to remake the U.S. economy.
"Painful crisis also provides us with an opportunity to transform our economy to improve the lives of ordinary people," Obama said (http://tinyurl.com/67x8ec).
His designated chief of staff, Rahm Emanuel, is more direct: "You never want a serious crisis to go to waste" (http://tinyurl.com/5n8u58).
So they will "transform our economy." Obama's nearly trillion-dollar plan will not merely repair bridges, fill potholes and fix up schools; it will also impose a utopian vision based on the belief that an economy is a thing to be planned from above. But this is an arrogant conceit. No one can possibly know enough to redesign something as complex as "an economy," which really is people engaging in exchanges to achieve their goals. Planning it means planning them.
(Excerpt) Read more at realclearpolitics.com ...
Utopia would cost much more than $1 Trillion dollars to build, and a lot to maintain.
Great points.
Obama runs for office and the economy wobbles.
Obama looks like he’s going to win and the economy tanks
Obama wins and the economy needs a bail-out
Obama prepares to take office and financial swindles surface
One has to wonder what’s going to happen when Obama gets sworn in. Surely he’s done enough damage already!
Beware of politicians entering office with hubris.
It better. That's all we've got now.
“No one can possibly know enough to redesign something as complex as “an economy,” which really is people engaging in exchanges to achieve their goals. Planning it means planning them.” Stossel
See: http://en.wikipedia.org/wiki/Friedrich_Hayek “... F.A. Hayek was one of the leading academic critics of collectivism in the 20th century. Hayek believed that all forms of collectivism (even those theoretically based on voluntary cooperation) could only be maintained by a central authority of some kind. In his popular book, The Road to Serfdom (1944) and in subsequent works, Hayek claimed that socialism required central economic planning and that such planning in turn had a risk of leading towards totalitarianism, because the central authority would have to be endowed with powers that would have an impact on social life as well, and because the scope of knowledge required for central planning is inherently decentralized. Building on the earlier work of Mises and others, Hayek also argued that while, in centrally-planned economies, an individual or a select group of individuals must determine the distribution of resources, these planners will never have enough information to carry out this allocation reliably. ..”
or elaborating slightly with just 2 more facts ...Obama runs for office and the economy wobbles. Obama looks like he’s going to win and the economy tanks Obama wins and for 2 weeks, the Stock Market crashes; meanwhile the economy needs a bail-out as Obama prepares to take office as Dem financial swindles surface, and his first 'Chicago Machine campaign success', Blagovich, prepares for impeachment.
Well said!
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