Liberal-progressives responding to this website usually spew four-letter words (demonstrating an inability to think) or ignore the points made in the website post and attack things not in the post.
Responding to Helicopter Ben Hovers, Mr. Jay commented:
“It is very easy to complain, complain, complain, without suggesting a better course.”
My response:
Liberal-progressive-socialists have interminably demonstrated the truth of that statement, for the past eight years. Their hatred for President Bush has produced nothing but complaints and accusations.
Seeing the world as beset by an evil conspiracy, which can be combatted only by esoteric knowledge possessed by the elect (in this case Obama The One) is a fundamental characteristic of the modern-day gnostic religion that is liberal-progressive-socialism.
Mr. Jay, next commented:
“Or perhaps Mr. Brewton favors doing nothing? Government should just let the economy free fall? Sort of his version of a pure Darwinian “market-based” solution! Only the fittest would survive.”
My response:
Far from advocating doing nothing, I have repeatedly called for reversion to policies based on the wisdom of experience, rather than always-failed academic theories of the sort that have bedeviled the nation since Franklin Roosevelt’s New Deal in the 1930s.
Among them:
1. Return to a gold standard, which in the past exerted a hugely beneficial effect in two directions,
First, a sound currency was maintained in a low-inflation economy, which stimulated savings as the basis for sound, long-term investment that produced jobs and a higher standard of living.
Second, without the Fed’s flooding the economy with an over-expansion of money, Congress was restrained from its present-day deficit spending. Before 1929, both Democrats and Republicans took it for granted the the Federal budget had to be balanced. That meant no new spending without existing surplus tax revenues, or passing new taxes (with the public resisting the latter strenuously).
2. Make President Bush’s tax cuts permanent, reduce government spending drastically, and add tax breaks that support and encourage personal savings. Savings are the only real foundation for productive investment without the speculative manias such as the dot.com tech company boom and the housing bubble.
3. Repeal the Employment Act of 1946, which charged the Fed with managing the economy, as called for in socialist theory since the first decades of the 19th century. Alan Greenspan recently testified to Congress that no group of individuals, no matter how intelligent, can possibly absorb and process all the inputs from the economy on a real-time basis. Chairman Bernanke’s seat-of-the-pants performance has so far borne that out. Financial markets are still massively in disarray, and he completely failed to forsee the disaster as it approached us. In fact, only a few months before the sub-prome meltdown, he was parroting John Maynard Keynes’s drivel that the problem was an excess of savings.
4. Repeal the Wagner Act and make labor unions subject to the anti-trust laws. Every state with a strong labor union bias has seen steady waning of its business activity and employment base. Business avoids high taxes and punitive regulation.
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