Reading through some news links this morning, and I came across an article on yahoo (http://news.yahoo.com/s/ap/20080327/ap_on_el_pr/democrats_economy) that describes how both Dem candidates for Prez claim that John McCain just wants to sit back and 'watch' our economy fall to pieces into a recession. They can't seem to understand why he would not want to regulate businesses even more to protect the people of this country.
Has it ever occurred to either of these deceivers that maybe that is the best way to lift us out of this mess? Let the natural forces of economic activity, specifically in the housing/lending markets, take effect and pull us out of the housing decline 'laissez-faire' style? The answer I believe is yes, which is why I call them deceivers. They are both more interested in appealing to the more asinine voters who have no concept of what drives our economy. Last month, the housing prices were down, but volume of home sales was up. This means that investors are once again gobbling up inventory, spurring the activity needed to pick up the market. Slowly but surely, and in a way that won't raise taxes or put government even deeper into our everyday lives.
What John McCain is advocating is not sitting and watching like an idiot, but sitting and watching the natural forces of the market rebuild itself without excess government intervention. Our federal government can do very little to positively impact economic and housing sector growth, except to stay on the sidelines. They can do alot to negatively impact this growth, and Obama and Hillary have made it abundantly clear what their role would be, and I have news for you, its not the right move.
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