Friday, December 21, 2012

Road Signs on the Way to Greece

"Get something done....anything!"  That seems to be the thinking of the financial and political pundits.  Who cares if the outcome is further explosion in the national debt, more crushing taxes, and strangling regulations?  That seems to be the "rise above" mentality.  The ultimate policy is less important than the desire to get this episode behind us.  This is known as "kicking the can down the road."  The fact that the economy is getting a swift kick as well does not seem to concern the pundits.

The only thing that the President and his allies are willing to do is further the punish the free market and the private sector with increasing taxes and increasing regulation and creating further divisions between rich and poor and young and old.  This is the strategy that Greek politicians used for the past three decades to get Greece to the place where it is now. 

Blame rich people, blame the private sector and expand further government activity and the percentage of folks who are riding the stagecoach of government benefits.

When Greece was going down this road, the media strongly and vocally supported the trip.  They are doing so again as the US follows the Greek path.

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