So, our economy is doing poorly right now. President Obama's response is to spend money and raise taxes on businesses, which will further the burden on taxpayers. Since this will add to the strain, we will no doubt, experience further economic hardship and Obama will respond by raising taxes and spending more money, which will further burden taxpayers, and Obama will spend more, etc... The cycle begins. Where does it end? It ends with government gone wild. It ends with no accountability from anyone (cannot pay your mortgage? Big brother will be happy to take someone else's money and use it to pay yours.). It ends with business owners giving up and moving on. Atlas will shrug.
If we have seen one thing, it is that the market will right itself. Roosevelt's New Deal did not bring us out of the Great Depression, WWII did by putting people back to work. Obama's new deal will not bring us out of this situation. It will, in fact, hurt our chances of recovery. Adding government to the equation will cause nothing but strain and more hardship.
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