Thursday, July 14, 2011

Balanced-Budget Amendment Linked to Debt Talks - WSJ.com

A HEAVY FOOT ON THE ECONOMIC BRAKES: Balanced-Budget Amendment Linked to Debt Talks - WSJ.com

The Democrats don't realize that high tax, high regulation, pandering to unions, beating up on business, trying to teach the public to blame bankers not politicians for the economic problems created by politicians, etc. is like putting the Democratic foot on the brakes of the economic engine of job creation.

The Democrats just don't see it. They are like the driver who gets 10 mpg instead of 30 mpg because of the way they drive with a foot on the brakes.

So all the gas the Democrats think they giving to the economy isn't really going to engine of the economy. Much of it is going just to make up for their foot on the economic brakes.

So, as it stands now, the Democrats just want to be able to put more gas into the economy but they don't realize they are wearing down the economy faster and faster without the economy being able to go faster.

In fact, it seems as though the economy is slowing - the impact of the brakes are greater than the push on the accelerator.

And, as seen in many countries (Greece comes to mind and the imminent downgrading of the US credit status) - eventually the economic engine sputters and may go into reverse.

I always remember a doctor who drove like a Democrat and after 30,000 miles or so, he would trade in his car. The unscrupulous car dealer would advertise the used vehicle as 'executive car', 'lightly driven'. In fact, it was almost ready to be scrapped.

It would seem to be an open question as to whether the Democrats can be taught something about keeping their foot off the brakes. So far, lessons seem to have failed and they don't even realize they have a heavy foot on the economic brakes.

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