In his letter on the “economy” (10/28 Camera), Albert Petersen displays the typical Liberal mindset regarding the unwashed masses. In trying to put down the Tea Party movement, he seems to believe that we the people aren’t smart enough to read and understand the 21 pages of our clearly written and carefully crafted Constitution. Thus we must turn to Congress to tell us what it REALLY says!
This is that same Congress who recently stampeded into passing some 2,300 pages of misleading and confusing rhetoric leading to Obamacare, written by who knows what entity, and much too involved for even the Congress to bother reading first! Every day since, we are learning more and more of the far-reaching, disastrous content and overwhelming costs of this extremely complicated bill. And THEY could tell us what our Constitution says?
Mr. Petersen also seems to believe that business corporations should exist only for the purpose of providing jobs. Forget about the work to make and sell products, which is the reason for the jobs. Corporate leaders are first concerned about survival of the corporation as a profit-making institution. Healthy corporations automatically produce job opportunities, but with so many misleading signals, confusion and uncertainty about tax policy, etc. coming out of this Congress, they are unwilling to risk the corporation’s survival. So they do indeed hold onto cash, exactly the same as wise private citizens are trying to do today.
And of course, our National Defense is not worth what it costs! So we should mimic France and England and severely curtail those costs! Our national defense presently represents 23% of the US Federal Budget, but the Liberal perception seems to be that it overwhelms everything else. Mr. Petersen would have us believe that Americans will further mimic France and England with riots in the street if Congress dares to cut spending other than in National Defense.
While our deficits and national debt soar to unbelievable heights, is it possible that some still actually believe we can borrow our way into prosperity?