Dr. Sorman’s most notable observation: “Keynes suggested that government accumulates surpluses during periods of growth in order to invest them during downturns. This has never been done, though. What we have is public spending financed by public debt, which leads to an increase in interest rates, which in turn freezes the recovery. Thus, in real life, no stimulus plan has ever worked. Those mavericks who still advocate stimulus plans argue that they haven’t worked in the past because not enough money was spent. But to spend more could lead only to bankruptcy or socialism, not to recovery.”
It is my strong belief that, had the bipartisan stimulus, for which Presidents Bush and Obama (as well as Senator McCain), are to blame, never been passed, the recession would be ending about now. President Obama says the stimulus is working as planned, which means that, at least to him, it was never really designed to stimulate the economy, only to markedly increase deficit spending on Democratic programs and expand the size and scope of the government. Cap and Trade and Nationalized Health Care have the same objectives: They certainly won’t affect the climate or make America healthier, but they will grow government power, control and taxation to unprecedented proportions.
Read Ann Coulter’s latest column: Where there are free markets, products and services are plentiful and cheap. For $299 you can by an iPhone that performs innumerable tasks using thousands of times more computing power than we used to go to the moon 40 years ago. During that same period, beginning with the passage of Medicare in 1965, government has increasingly dominated health care, making it vastly more expensive. Whether insured or not, the poor have access to quality health care in the U.S. because hospital emergency rooms cannot deny treatment based on financial ability. Despite the President’s contrary promises, putting more federal money (borrowed from our children and grandchildren or taken from small business) into health care will drive up costs and drive down availability. The proposed nationalization will produce no new doctors, nurses or hospital beds, and government control can only lead to rationing of care, the burden of which will probably fall most heavily on the elderly, who won’t get non-emergency surgery and may not even get the choice of blue or red pills.
