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An Economic 'Plan'?

Jeff2422 Wrote: Sep 12, 2012 3:34 PM
Dr. Sowell is as astute as ever. This is the common thread through-out the last 80 years that has brought us to financial ruin. Even so-called conservatives have succumbed to the "we have to do something" mentality. This attempt to have the government spend money, without any concern for results or debt, to just appear to be doing something and to make the do-gooders happy is a recipe for bankruptcy. Of course, every lib will say Sowell and I are Scrooges, but did you ever consider that Scrooge would not have been able to help Tiny Tim if he lived like his nephew with no savings or concern for tomorrow. No, I didn't think so.

Former president Bill Clinton told the Democratic National Convention that Barack Obama has a plan to rescue the economy, and only the fact that the Republicans stood in his way has stopped him from getting the economy out of the doldrums.

From all this, and much else that is said in the media and on the campaign trail, you might think that the economy requires government intervention to revive and create jobs. It is Beltway dogma that the government has to "do something."

History tells a different story. For the first 150 years of this country's existence, the federal...