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Message: <blockquote data-quote="XGC OompaLoompa" data-source="post: 124010" data-attributes="member: 28443">Well, right now I'm reading The Forgotten Man by Amity Schlaes in between like 6 other books (I have ADD, so I suffer from the inability to crunch serious books unless they are really good).  It's a great read if you think of the New Deal outside of what the textbooks teach you.But the basic thing is, right now, the government is a key reason we got here in the first place.  I'm not going to name names, but when you push through legislation that dictates to industry what can and cannot be produced, and not what the consumer demands, then it is is like throw sand in the gears of a machine, you just destroy the gears.  Legislation like imposing gas mileage standards, Forcing banks to give loans and mortgages to people you know cannot possibly pay for them, bringing massive environmental policy shifts when Europe is struggling with it, I could go on.But the fact is, right now, key things the economy needs is to lower the taxes, do not bailout banks, industries etc, this is why Bankruptcy laws exist, so you have the chance to go "Stop, we need to fix something if we want to be successful" and then turn yourself around and become successful.We also need to stop treating failure as if it's the plague, that is one thing government does not understand, failure is HEALTHY, without learning failure, in the future when you do fail, you are completely unprepared for what is going to come next.Government needs to understand, the government is meant to legislate AS NEEDED, not to legislate upon ideologies and agendas.I understand the idea that we need to maintain jobs and everything, but that is an ideology and a political motive, not an economic motive.  History proves time and again, that the economy ebbs and floes, it has its high points, and then it has its low points.The entire bailout idea that is being thrown around in Congress is one of the worst things you can do to an economy, because it drives down the value of the dollar, not to instills a "me too" mentality into all these banks and companies who see a quick take of money.No, I think government needs to just sit this one out.  The economy needs a controlled burn, to clear out all that clutter underneath that only needs a spark before it rages into an inferno.  What you are seeing now, is the inferno awaiting a strong headwind, and then you need to look out, because in this day and age, we've seen how if something starts falling apart, it falls apart insanely fast.  We need to build smart firebreaks, not try and have an occasional airplane fly over the inferno and dump a load of water, cuz that is what we are doing amounts to, we dump a load of water on the fire, walk away saying hey its handled, as it burns down yet another neighborhood.I am also cognizant of one of the reasons our Big Three have failed, and that is simply because they cannot sustain the basic economic model when you have companies like Toyota and Nissan paying 20-30 dollars less to an American worker to build a car, not being held to gas mileage standards, not being taxed as badly, and not having unions which demand an arm and a leg from them.  I'm not saying Unions are evil, they are a great thing, if they are responsible, demanding seventy something dollars an hour to produce vehicle when the worker at Nissan or Toyota demands 50, and the average American worker averages 30, is not a sane economic model.But it's also forcing the car industry to build cars people do not want, seriously, we all love the idea of running around in a gas guzzling SUV, it's the American mindset, we have to stand out from those rinky-dink European cars that have great gas mileage, but the underlying reason they have great gas mileage, is because they pay 4-8 dollars a LITER for gasoline.  Americans pay what, 1-3 dollars for a gallon of gas, we want to drive in these big toys, and yet we have legislation which pretty much tells companies, thay you have to make those rinky-dink european-esque cars.Like I said, Economy is great as government stands aside, but look out when it decides to meddle in something.  I guess thats the end of my rant....for now</blockquote>

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