Posted by
Richard on Friday, October 17, 2008 5:39:41 AM
With the seeming possibilty of a Democrat controlled Presidency, and fillabuster proof majority in congress, the golden chains of Socialism is soon to decend on all Americans. I have therefore taken the liberty of coining a new word:
Obamanomics: A political belief disquised as an economic theory that increasing taxes on the wealthy, on corporations and spending your way out of a down economy will somehow stimulate it and put it back on track. This belief is founded upon Marxist ideas; each according to his ability to each according to his means, or as Senator Government calls it "spreading the wealth around".
Sadly it seems many Americans are buying into this concept of government bringnig us into prosperity. I am here to say that any government enterprise simply shall not and cannot in and of itself ever, ever do so.
Allow me to cite an example.
I was a former window clerk for the USPS. We are, as you might know a quais-government run company, sort of like Fannie and Freddie, only we don't lend out money. Part of our sales inventory are mailing boxes and envelopes, such as the padded ones. Now the products themselves are good products, (no not making a plug here just stating my own opinion), however we sell them way over the price of say your local Walmart. I inquired about that one day and was informed that we, as a government agency could NOT undersell against private industry. Now while that is a great idea because it puts private companies a leg up on us, the competetion, it is not really very good business sense. How, can any business expect to stay viable, show profit, without being flexiable enough maintain a competative edge?
Now admittedly the USPS is more of a service related (the delivery of mail) organization than it is a product company, but it seemed to me that we were missing a golden opportunity to expand the USPS into other areas.
BTW, the USPS, according to it's charter as a private/government enterprise is not allowed to show a profit. We have a plus or minus window that allows us to operate.
So herein is the point I am trying to make; Government cannot run a business, period. They have failed in so many areas it would be a joke if it weren't so sad.
I will add here a little known fact. During the early part of this nations history the fur trade was the big business. Under our first President George Washington the federal government endeavored to set up federal trading posts. The results were less than spectacular and withinin a few years the idea was scrapped. Why? Well it turned out that most of the traders and purchasers found that they got more for their products and/or more for their money at the private posts.
Obamanomics is nothing new, just an old and failed policy, tried anew