Friday, October 24, 2008

How to talk about the distribution of Resources

ILLUSTRATED: Democrats want a healthy distribution of resources. It starts with fiscal policy.

Yesterday Alan Greenspan confessed that his "ideology" was "flawed" in testimony before Congress. He went along with easy money at a time, post 2001, of fiscal irresponsibility. Remember back in 1993, he was the only Republican in Washington to support Bill Clinton's deficit reduction package that raised taxes on the rich. With sound fiscal policy, the government stopped competing with business in the long term capital (bond) markets and long term economic expansion came to America. With Clinton's solid fiscal policy Greenspan sould look like a "Maestro" fine tuning interest rates here and there.

Think of the economy like your body's circulatory system. If you get hooked up to an EKG, you can measure the efficiency and effectiveness of getting blood to all parts of your body. Clinton had the circulation (distribution of resources) as good as it had ever been. George W. Bush immediately raised the legs and arms and tried to pool as much blood in the head thinking that that was best for circulation. Well, we almost died over the last six weeks, saved by a blood transfusion.

Barack Obama and the Democrats will distribute the economy in a way that everyone takes part.

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