Comment 27237

By A Smith (anonymous) | Posted November 08, 2008 at 20:38:23

Richard, the rest of the world is wrong.

Greedy business people did not cause the economic downturn in the US, it was government spending on social programs that brought it on.

In fact I would argue that giving handouts to Wall Street actually helped the average person on the street. Take a look at the price of oil and gas. Ever since they announced the bailout, it has dropped significantly.

This is effectively a tax cut for every person at the bottom of the economic ladder.

However, because you only look at the initial action by government, you fail to see the secondary effects it produces.

In this case, the unintended consequences of trying to help the business community, actually results in positive effects for the general public.

Failure to understand secondary effects is understandable, but is not helpful. You must learn to look beyond the obvious headlines and actually look at results that actions produce.

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