More Of The Same Will Not Work
Monty Pelerin / EconomicNoise.com
The Wall Street Journal describes President Obama’s economic strategy:
Keep borrowing more than $1 trillion a year and keep the Fed printing money at historic levels, in return for mediocre growth and stagnant incomes. The alternative is to stop punishing the employers, investors and workers who are the real source of growth. The Romney plan to cut tax rates, reform the tax code, restrain spending and repeal ObamaCare would be a good start.
Mr. Obama will spend the next 10 days trying to persuade voters that 1.7% growth is the best we can do. If he’s re-elected, he’s probably right.
This description is accurate regarding what Obama has done. It is inaccurate to the extent that it implies he will continue to do it in the future with the same results.
The Law of Diminishing Returns is routinely applied by economists. It is a law that economics itself is not exempt from. The well that Mr. Obama has been dipping into to produce and rationalize these anemic results is nearly dry. He doesn’t have the option of continuing this charade much longer. To get the same abysmal results from the same improper policies will require much greater stimulus next year. That means an acceleration in stimulus with little hope of changing the course of the economy.
Markets have had enough of such fraud. One can only hope that voters have also. Continuation of Obama’s policies will cause severe inflation followed by an economic and financial collapse. What cannot go on forever will not. The ending, whatever it turns out to be, will not be painless. Attempts to defer or avoid the ending have succeeded only in worsening the coming correction.
Political change is necessary in order to get economic change. Political change is necessary but not sufficient. Romney presumably will bring better economic policies. The issues are whether they will be correct and whether there is enough time to undo the damage of the last decade, particularly the last four years.
http://www.economicnoise.com/2012/10/28/more-of-the-same-will-not-work/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,659,202,024 |
| Stories: | 8,304,158 |
Whistler Blowers, Insiders
The 1934 Chicago Tribune cartoon is prophetic.