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by fthead9
5892 days ago
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Wow, the economy is stumbling and the only way out is innovation and now they are trying to make it harder to start a company. Just how do they propose we get the economy back on track? Sorry printing more money is not a long term solution to economic recovery. It amazes me that our elected officials have zero grasp of how the economy works. These are supposedly educated people and yet they consistently treat the economy like some grade school battle for teacher's pet honors. Sorry for the rant but crap like this makes me question the viability of our current governing system. As @rmaccloy I'm not against the idea of bank reform but these types of provisions and attachments to bills are causing so much waste and then we wonder why we have such a huge deficit. |
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No system can work if you have fools running it. Our big C Constitutional system has worked better in times past when better people were in office ... and worked worse when worse people were in, e.g. Hoover and FDR making their economic mess worse and prolonging and worsening the agony.
It's just not that bad yet. While e.g. Cash for Clunkers was pure "broken window" bogus economics, do we have anything quite as vile as the Agricultural Department destroying food and preventing its production while at the same time they calculate 1/4 of the nation is malnourished (which the DoD confirmed in the WWII draft)?
Well, maybe this is as perverse, although not hardly as vile. As grellas details in some length, in a period of bad economic times (starting with the dot.com crash) our ruling class as seen fit to steadily destroy the foundations for startups. And it's a general bipartisan thing, e.g. a ruling class problem.
There are, realistically (ignoring the rosy projections of going below a trillion in FY 12, a Presidential election year), trillion dollar annual Federal deficits stretching out as far as the eye can see. Where is this money going to come from? Not from new enterprises and new industries, there will be few if any new Apples, Suns or Googles ... hmmm, Microsoft managed to bootstrap itself, but such opportunities don't come along often and the computers and their components that ran Microsoft Basic and so on were largely/almost entirely not self-funded.
Bleah.