Now, we go beyond taking it from our own citizens and we're taking it from the children and grandchildren of our own citizens.
Aside from the pure waste, government spending for "stimulus" and bailouts prevents and discourages the real adjustments that need to take place.
In an interview last December, Harvard Business School professor Clayton Christensen pointed out that tough and lean times are exactly the environment that produces innovation. According to the professor, "...if you give people a lot of money, it gives them the privilege of pursuing the wrong strategy for a very long time. In an environment where you've got to push innovations out the door fast and keep the cost of innovation low, the probability that you'll be successful is actually much higher."
It's exactly this kind of innovation that we need. And it's exactly what we will not get as we pour trillions of debt-ridden government money -- obligations made on us taxpayers -- into the economy.
Sure there will be beneficiaries. But they're all in Washington or getting money directly from Washington.
At $3.2 billion, lobbying expenditures in 2008 were up 14 percent over 2007. Of the nation's major metropolitan areas of more than 1 million, Washington has the second-lowest unemployment rate in the country. And its average household income is almost 50 percent above the nation's average.
If and when Barack Obama stops genuflecting before an unfree world and remembers that America is about freedom, perhaps our recovery will start.
Clinton Foundation: Oh, We Made Additional $12-26 Million From Speeches Given By the Former First Family | Matt Vespa