Big Government is the cause of our economic problems

It's sad that people believe crooked Politicians when they try to blame Wall Street or poor people that can't afford their loans for causing these problems.

The problem is Big Government.

The fact is, we're in a global economy with cheap labor. Globalization and Free Trade was pushed by Clinton and I support it.

This means are manufacturing base will be hit because of cheap labor but we will get more entrepreneurs and people switching and retraining for service sector jobs.

This means the American people can borrow and consume as far as the eye can see because other countries will hold our debt as long as we consume their goods.

This is a very good place to be and all Government would need to do is make trade deals to bring in more goods for us to consume and keep government small.

This would also help us to spread democracy because money talks and BS walks. We can tell countries they can have access to the American consumer and we can do this trade deal if they give there people a little more freedom.

What has destroyed everything is Big Government. The people can borrow and consume as far as the eye can see, but the government can't borrow, waste and spend as far as the eye can see.

The people will not be able to sustain a massive government and massive debt in a global economy with cheap labor.

This is because Governments will have to raise taxes and fees in order to support their massive spending and Consumers will have to divert money to taxes that would have been used to consume more products and services.

This causes a credit crunch to occur and you now have Politicians running around blaming everyone but themselves.

Just think, if we had a 6 or 7 trillion dollar debt instead of a 13+ trillion dollar debt we would be sitting pretty.

Sadly, Bush and now Obama are big spenders and their massive spending will destroy this country. Obama like Bush uses the word "crisis" in front of everything as an excuse to waste and spend trillions of dollars and in a global economy with cheap labor the American people can't sustain this spending.

In 1960, we might have been able to sustain this spending because Corporations had 90% of their operation in America and 10% overseas. Today, we have Corporations that are spread out overseas and maybe 60% of their jobs are located in America.

This means when the Government spends trillions on a stimulus package, most of that money will be spread out overseas but Americans will have to pay that money back plus interest.

This can't be sustained.

Check that
Corporate Overlords and Capitalism abused is the cause for the economic problems.

reply to post by Matrix Rising

The fact is, we're in a global economy with cheap labor. Globalization and Free Trade was pushed by Clinton and I support it.

I was reading your thread and came upon this statement, which required a response. Clinton did not advocate free trade, though he did advocate NAFTA. NAFTA is hardly true free trade. In fact, no president in recent history has supported true free trade.

Furthermore, NAFTA was introduced to us through Bush Sr. and supported by the Republicans while the Democrats were intitially against it. Of course, after Bill became President, he did a 180 and supported it, almost as if he was being forced to accept and advocate it. The Democrats sooned followed and shedded their opposition.

Again, NAFTA is hardly true free trade and this country doesn't even know what free trade is all about. The US government, on a regular basis, shows favoritism to certain corporations and our system is designed to do just that, which basically shoots down anything even resembling free trade.

--airspoon