By Robert Freedland
August 30, 2010
Our economy is of great concern to me. We have 9.5% unemployed
and many other who have lost hope about finding a job, and we
do not have a unified approach to dealing with this problem.
In general Democrats have unified under an approach which has
been called Keynesian after John Maynard Keynes (1883-1946) who
believed that government was able influence economic cycles by
its own action either in increasing spending during down-times
or by increasing taxation and cutting spending during booms.
However, this policy requires a certain faith in government that
appears to be acceptable among Democrats but totally lacking
among Republicans and Tea Party folks.
For Conservatives, government is itself the problem as explained
by Ronald Reagan, and they prefer to always resort to cutting
government as the solution to every problem. Tax-cuts and cuts
to programs like Social Security and Medicare are popular solutions
to our problems according to them. In addition, the reduction
of regulation to allow the "free market" to flourish
as Larry Kudlow on CNBC would suggest.
However, there is not greater force in the economy than government
and the utilization of infrastructure projects like high-speed
rails, repairs of bridges and pipes that crisscross our nation
can indeed create jobs while improving the quality of our citizens
and the resources of our towns and cities.
It is absolutely true that our national debt is gigantic and
growing. Two of the largest contributors to this debt problem
have been the tax cuts by the prior administration, well known
as "Bush tax cuts" and the Iraq Conflict that stemmed
from our desire to strike out at Saddam when Osama was the problem
and the United States pursued a war based on weapons of mass
destruction that never existed. Our war efforts in Afghanistan
are closer to addressing the Al Quaeda/Taliban link and may well
be argued by reasonable people.
It is time to let the Bush tax cuts expire. It is time to introduce
a new stimulus by the Federal Government to create jobs, aid
the states, and get our nation moving again. It is time to reinstate
the Estate Tax with a reasonable exemption so that the ever-increasing
division between rich and poor does not grow at the expense of
the middle class. And it is time to embrace our government as
we are a nation of government by and for the people. To find
that government is the problem is to find that the American People
are they themselves at fault.
La Crosse, WI
About: "I am a physician
practicing medicine in Wisconsin for the past 24 years. I am
interested in politics, investing, and health care and enjoy
writing and discussing all of the above with fellow Americans."
Received August 28, 2010 -
Published August 30, 2010
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