State-Run Prosperity

Here is a wonderfully concise explanation, in the form of an example, of why I fear that our economy may not recover for a long, long time. And the more the state prevents it from recovering, the more we will call on it to save us.

Some young companies are tailoring their business plans to win DOE cash. Private investors, meanwhile, are often pulling back, waiting to see which projects the government blesses. Success in winning federal funds can attract a flood of private capital, companies say, while conversely, bad luck in Washington can sour their chances with private investors. The result is an intertwining of public and private-sector interests in an arena where politics is never far from the surface.

Read the rest HERE.

The economy is far too complicated for experts to be so directly involved. This is the scariest thing about Obamanomics. If you let the state decide who prospers, few people will. Most will sit on the sidelines watching.

I know personally of people who would like to start small businesses and are not willing to risk it because they don’t feel the economy, which is somewhat predictable, will determine their success as much as bureaucrats, which can be purchased but only by businesses already successful.

Our economy may be entering the Big Chill.

I’m sceptical enough to wonder about the sincerity of the government regulators’ attacks on Toyota. After all, doesn’t Toyota compete with the state run car company here in the States?

We cannot save this economy if we don’t unleash the developers, innovators, and producers – especially the small ones.

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