Intelligent Design: The Economy by Obama

In today's NY Times an article by Richard Stevenson states:

"In a series of comments in recent weeks, Mr. Obama has begun to sketch a vision of where he would like to drive the economy once this crisis is past. His goals include diminishing the consumerism that has long been the main source of growth in the United States, and encouraging more savings and investment. He would redistribute wealth toward the middle class and make the rest of the world less dependent on the American market for its prosperity. And he would seek a consensus recognizing that an activist government is an acceptable and necessary partner for a stable, market-based economy."

This is the most concise and well stated way of defining the Obama economic policy. It is quintessential Galbraith! The Affluent Society and the New Industrial State. Let us look at the goals again:

1. Reduce Consumerism: This is accomplished by the raising of taxes and the imposition of considerable Government controls.

2. Increase Savings: Good thing we will not have any inflation. That's a joke. Why save if your money will become worthless.

3. Redistribute Wealth. The world is NOT composed of just greedy bankers. Some people actually create things. Why not just tax the heck out of the Hollywood types and athletes. They contribute nothing to society. At least a banker delivers money to entrepreneurs who create the value which makes a society function.

4. Create a more Activist Government: That means that the people who work for the Government know more than all those who take the risks to create new value in an economy. Regulation is needed in many areas but the taking of regulation to the point of managing an economy has been proven to be unworkable. Evan in countries where the best and brightest go into Government it does not work. In the US the opposite is true. Why would a bright and creative engineer go into Government instead of starting their own company.

This one paragraph is a brilliant statement of what will go wrong. Intelligent Design assumes intelligence, and an intelligence which is based upon a modicum of knowledge of the economy. None of these designers have ever generated dollar one in salaries for people by creating jobs. Why trust them with our future?