There are many problems with how Obama has been handling the economic mess so far and they all have a common theme: well-meaning idea with unintended negative implications. Governmental interference in the economy is sort of a monkey's paw. You can make the change, but the unintended consequences can be disastrous!
When Obama uses his "monkey's paw" to bail out banks and borrowers, he is encouraging the very failures that he seeks to remedy. When Obama uses his "monkey's paw" to set carbon dioxide caps, he is driving industry and jobs off shore. When Obama uses his "monkey's paw" to get lending "flowing again" he is helping more un-creditworthy people to get into loans they will likely default on. When Obama uses his "monkey's paw" to prop up home values he is ensuring that people continue to stretch themselves to have a roof over their heads.
This "monkey's paw" effect is perhaps the result of a lack of wisdom and/or experience on Obama's part. Obama, and the people he chooses to take advice from, apparently do not fully understand the ramifications of the changes they are making.
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2 comments:
If President Obama was white you would not be throwing the term "Monkey Paw" around so freely. Words Matter.
It certainly appears we are getting the change the majority of American voters wanted. Fortunately, his Cash for Clunkers program will save the environment from those harmful gas guzzlers. Fortunately for us, the car parts from these older less fuel efficient vehicles are biodegradable, non-hazardous, non toxic and easily recyclable.
With that said, I can use a new TV. I wonder whether the gov't will offer a rebate to turn in my old cathode ray tv for a more energy efficient LCD HDTV. "Cash for CRT's." Surely this government can reason the importance of television. How else will I get to see Matt Lauer and other sycophant journalists praise this administration further.
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