Dishonest explanation of American economic system problems

Leechard,

Obama, once seen by many as the saviour of the world, the Second Lincoln in American history, now did something in contrary to what many have believed. In his first address to the Congress, he condemned the policies of his predecessor, Clinton, Bush, and others, on economic, education, energy field was the cause of present problem, the financial crisis.

Though very amazing, Obama's explanation to the economic difficulties experienced by many, including the United States, is not relevant. As the American writer points out, and we are now bearing the witness of, that at the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the banking industry. The only feasible and effective solution is to clear these bubbles away, and help the banks to reestablish its asset and its image.

However, what Obama presently plan is in the opposite direction. He is preparing to nationalize the health care, education, and energy system in America, the commanding height of post-industrial society. This is something the investors fear most, and is the cause of the recent market precipitous decline, as shown in the recent rapid fall of New york stock market indexes. Apart from investor, the economists surely cannot accept his policy. The greater bureaucratic control over various system of nation, health, education, energy, is not a cure to structural problem in the financial sector of a highly capitalistic society as America. The greater is the government power over the system, the lesser the effectiveness of the system it is. Very soon all systems, which his administration takes over, shall collapse like a falling building. I do not know why Obama and his economic team members, with immense knowledge in American economics, shall think of, and implement such kind of actions. Were Lincoln to be here to make the decision for America now, he may avoid the mistakes made by Obama.

Perhaps Charles article, appeared on March 6 Washington Post, can give you a deep insight into the implication of Obama's first address to the congress.


The Great Non Sequitur
The Sleight of Hand Behind Obama's Agenda

By Charles Krauthammer
Friday, March 6, 2009; A15



You may follow this link: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/05/AR2009030502951_pf.html to get the online version of this article. I wish to hear from you the comments made on this subject.

Best wishes,
william






Dear William

Thanks for your outline of the Washington post Article on the
US economic matters.

I would not use the word "dishonest" to comment the US policy on
economics. He might be wrong, and he might be "non squitur", but if you say
he is not honest, then you will have to prove it. And what you mention about "nationalization" of the American Education system may not be the actual thoughts of the President, though I had not read his address to the Congress.

your outline is in the 思想資料庫


Leechard