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Doug Hammonds: The best path to recovery

Posted: August 16, 2012 2:00 a.m.
Updated: August 16, 2012 2:00 a.m.
 


The president, in his recent ads, states that this year the voters will be faced with a big decision about the direction for the country.

Do we continue the policies of free enterprise and capitalism which has made us the greatest economy in the world today and the lone super power? Or do we look to the big-government approach that failed in 1934, failed in eastern Europe and is currently failing in western Europe?

The policies that need to be promoted are the those of self-reliance and chance of reward for hard work and better ideas.

The president believes that only government can lead us out of this morass. We can look to examples of the post office, Amtrak, the Internal Revenue Service and Social Security to see why we should believe that government-run projects are good ideas.

The one consistent theme is that government always underperforms and goes over budget. If government spending were the correct answer, given the most current levels of spending, we should have been out of this recession and into the biggest recovery ever. However, reality is that this is the worst recovery in the post-WWII time period.

The biggest difference in previous recoveries and this one is the level of government interference. Yes, there is a big difference, and we should remember what made us the greatest economic power — and that is free markets, not government-funneled programs.


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