The US economic growth by decade looks pretty grim if you look at what happened in the last two decades. We were in a bad spot at the end of the Bush administration and there was no sense in taking any risks with economic policies. But the US did not seem to learn from its mistakes. It seems we are still trying to run free trade policies that send us into more trouble than we are already in, when all the time we could be working on better national policies that would spur economic growth.
The last ten years has seen us spend less money than almost any other country in the world. Our deficits in Medicare and Medicaid have increased and so too has our debt. If this trend continues we are headed for major trouble. If we want to continue our US economic growth by decade's end, we need to start putting money back in the pockets of middle class Americans and create more jobs.
I would like to see us return to an earlier period of economic growth and concentrate on creating more jobs in the United States for the future. What do you think happened to the American dream when we let go of it? Well, we left a legacy of wealth and technological advances that other countries want. Not only that, but we also left an ideology that is based on a bunch of myths and we have yet to fully perfect it. That means less economic growth by decade's end.
I would like to see us focus on creating more jobs for the future. That is the best way to stimulate economic recovery and it will also allow us to have a healthier economy in the future, when we can enjoy prosperity and not worry about inflation running ramped high due to runaway deficits. It seems the US and its political leadership have lost their way and the focus should be on creating more jobs and less on endless deficits.
One of the biggest problems with our current plan for economic recovery is that the government has become weak on its ability to create jobs. It seems they can create one tax shelter and then go back to the business of borrowing and spending. That is the reason that there is so much talk about deficits and why the US must run large deficits because it is too big a problem and the economy cannot recover without more government spending. But it is not the government's responsibility to solve our country's economic recovery, which is why we need a free market economy where competition replaces central planning and allows us to trade freely within a system of free enterprise.
In order to reach such a place, we must first allow the free market to work its magic and allow economic growth and job creation to happen. If we don't, then we will continue to see failed economic recovery after all these years. It was the very system that crashed along with the US economy a few years ago. The lesson is, if you want real economic freedom, then you must get rid of all the political cronyism that is choking the . . . . . . market place. You must break down all the barriers that are putting a roadblock in front of economic freedom.
It is obvious at this point that there is no longer a path to US economic recovery by just shoveling money into the pockets of big businesses. That was a roadblock put in place by the Obama administration and other government officials that believe they can control the markets and the American people by doing everything from regulating our speech to even dictating what the definition of marriage is. All that is really needed is some common sense and letting the free market work its magic.
I have been saying for some time that the time has come for us to start worrying less about economic growth and more about job creation and that is the only path to true US economic freedom. In fact, economic stimulus packages are a complete waste of money as they never really get the US economy moving in the right direction. Instead, they funnel money through the hands of politically favored federal contractors and then send us into recession once again. Please consider all this and think on it.