FROM PAJAMAS MEDIA: IT’S THE UNCERTAINTY STUPID

I have stated all these past 18 month that the more government tries to intervene in the markets and the economy, the longer any recovery will take to get started with any degree of predictability. Without some predictability and sense of stability in the rules, investors are simply going to keep holding onto their cash, which tightens credit, which reduces borrowing, which, in turn looses or kills jobs. But don’t take my word for it; read what Pajamas Media experts have to say:

In testimony before Congress last Wednesday, Federal Reserve Chairman Ben Bernanke sounded as downbeat as someone in his position is probably allowed to be. That’s not surprising. The economy is not performing at as it should at this stage of a “recovery.”

The most visible reason why Ben is a borderline bear is because the Obama administration attempted to turn things around with an FDR-like “stimulus” instead of what has historically worked in both Democratic and Republican administrations when tried: tax cuts, tax simplification, and regulatory reform.

STEVE WYNN ADDS TO THE DISCUSSION OVER UPPREDICTABILITY AND INSTABILITY:

Disagreements anyone? How about those who are opposed to outsourcing of jobs and capital to other countries? Were you shocked to hear that China is a more stable country in terms of regulation and predictability than the United States is? How’s that “transformative change” doing for you now? I was struck by Steve’s recitation of de Tocqueville: “The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.” Isn’t that exactly what Obamacare and most other social programs are, bribing the American Public with goodies they aren’t entitled to with funds collected from fellow citizens?

Further, it’s too easy for one to label another; so, I give you this, also from Alexis de Tocqueville to ponder and ruminate:

“Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” ~ Alexis de Tocqueville. After a prolonged period of rumination, how do you come to see what we have compared to what we were given over 200 years ago?

Care to see how the economy and unemployment have moved since 2007 and how they are predicted to go through 2013?

If so, click here; or go to the YouTube site, here.

So, what do you think? Is the country heading in