David,
Your post at 43 is a home run and the ball has not yet landed. That’s some very fine bat speed right there. Your analysis about the lost decade in Japan is also right on.
Someone show me a scenario where socialism has increased productivity and created more private sector employment and new private sector wealth. The only one I can think of off hand is WWII. There, our government spent billions on hard material buying everything from trucks to bandages. The industrial complex revived and people went back to work. GDP exploded, people saved and spent where they could due to rationing. There was a specific reason for the government to spend in large deficit at that time.
Those conditions don’t exist now.What FDR attempted in the 1930′s ended with greater job loss in 1938. Unemployment never got below 13% until the war. FDR spent the 1930′s strenghtening unions and going after the utilities. Even Keynes questioned him on his stradegy. Go read Amity Schlaes” Forgotten Man” if you think I am making this up.The Dems and President Obama are spending now to obtain a pernicious out come, if you believe in freedom, capitalism, free enterprise, the Constitution and liberty, as I do.
I am challenging some one to show me the great workers paradise. Even Sweden has substantially restricted the amount of GDP consumed by the government. Looking forward to your reply, Herb.
