I am sick and tired of people looking towards presidential candidates and the president for economic solutions. Some where along the line the American people started looking for the answers to domestic problems on a federal level; “Who is going to get me out of debt? Who is going make sure my kids go to college? Why the president of course!” WRONG!!!!!
I understand the president can have some effect on the economy but the answer is not in government to fix the problems. The answer is in free market capitalism. No matter how much one wants to take away the profits of corporations through obscene tax hikes, they will continue to make money, which is good thing.
All the president can do to help the economy is to reduce regulation and taxes. If any president punishes corporations for making to much money or caps the price of gasoline then we do not have a president we have a king. It makes me sick to think of how many people support the idea of a gasoline price cap and punishing the oil companies for too much profit.
We need less interference from the government and more freedom to allow business to reach the demands of the people. I want a president who doesn’t know shit about the economy and leaves it to the private sector!
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I agree that the President, simply because of the powerful position he holds, gets the blame for economic hard times. I too have faith in free market capitalism, but I'm concerned that a huge disconnect now exists between large corporations and the American people. Once upon a time, what was good for businesses was good for the people, because those businesses employed the people, gave them benefits, etc. I don't think that's the case anymore...
Although the president cannot control the economy, I still believe that some sort of government policy restricting American businesses from outsourcing overseas can help improve the economy. The more positions that can be outsourced to India, the closer we are to the elimination of the middle class. Do we really want a country where there is only the rich and the poor?
http://www.businessweek.com/debateroom/archives/2007/02/outsourcing_whe....
http://dilbertblog.typepad.com/the_dilbert_blog/2007/04/outsource_the_g....