Jan 22 2009
The Bailout Economy
Eighty-five percent, approximately, of all jobs created in our economy are created by businesses of one hundred or less employees. This is a fact, not a partisen diatribe. Small business is the engine that drives a successful capitalistic economy. None of the money proposed in President Obama’s bailout plan is going to these types of businesses, unless you count contractors who do government work, the bridges and roads referred to in his inaugural speech. FDR would be proud. Government jobs don’t last unless they become part of the bureaucracy and then they cost the taxpayer literally forever. They don’t build the economy, they suck away from it because their salaries are paid by tax dollars. None of them help the economy become robust again. The bailout mentality isn’t surprising because a basic Democratic premise is government should solve all problems.
People who get something for nothing waste it Ask most lottery winners. People who earn it, treasure it because of the sweat equity invested. This is basic human nature. It has always been basic human nature. Tax reductions and credits to small businesses are the only things that will activate the economy on real terms, cause people to risk investment dollars because of the incentive, generate sustainable jobs and put people back to work. Job welfare will likely buy more votes for the Democrats but will not build our country’s economic strength. Paraphrased, if a man is hungry and he is given a fish he’s not hungry for a meal but teach him to fish, require him to fish to survive and he will become self-sufficient and a contributor to society. He will build his self-esteem because he earned it and not be spoiled by a handout, if he didn’t. Our freedom to be in business can make more fisherman. We need less and less people just looking for a meal. Bailouts give incentives for people to just look for a meal and worse, not be responsible with it when they get it because they didn’t have to earn it.
