Hillary's Economic Plan

Leave it to Hillary Clinton to make the worst possible moves for the economy and the American way of life. Only a socialist with no education in economics could think the way she does. I thought it would be a good idea to go over some of her major points and show the total ignorance of them.

First, she deals with the "housing crisis". She wants to establish a $30 billion Emergency Housing Crisis Fund to assist states and cities in mitigating the effects of foreclosures. Typical. Right off the bat she wants to take from those that did the right thing (via taxes), and give to deadbeats. Under Hillary people can't pay for their stupidity if they try.

Her fix for the real estate down turn gets even better. She purposed a moratorium to stop the foreclosure process for 90 days. Basically, she is throwing contract law out the window. Silly me, I thought one of the main purposes of the government was to enforce contract law. So what will the effect of this be? First, you can probably expect a lot more people to stop paying their mortgage. Why pay it, there are no ramifications for three months? Secondly, banks will tighten up their lending processes even more. They can't take a risk on someone because they will have no recourse. I can hear liberals crying now when people can't buy a house. Hillary also wants to freeze all rates. So what, will these deadbeats have a 30 year loan for 1%? Nice reward for not paying your bills.

Another wonderful idea is to invest 50 billion in a strategic energy plan, IE "green jobs". Once again she is taking money out of the free market and putting it into a government preferred industry. She says this will promote energy independence. If she really is for energy independence then she will also take the regulations off the coal industry, nuclear power and expand drilling in Alaska. Of course none of this helps her buddies in the extreme environmentalist camp, plus this would actually strengthen the free market.

Her spending is massive to say the least. She wants universal health care and pre-K, increased assistance to Fannie Mae and Freddy mac, increased college aide, expand access to capital and strategic advice for rural entrepreneurs, strengthen tax incentives for extending broadband to under served areas, I can go on and I am sure missed some big ones, but you get the point.

She will do all this while lowering taxes for the poor (who pay no Federal tax anyway). How will she pay for all this, by stealing it of course! First she will roll back the presidents tax cuts for the evil wealthy, I mean come on they only earned the money, why should they have it? Those greedy bastards. She also will literally steal from the oil companies. Proof is in her famous speech where she said she will take the oil companies profits. That should encourage investment in the energy industry and lower oil prices.

I am looking through this plan and I see nothing that encourages the innovation, hard work and the drive to succeed that lifts economies. It rather rewards the lowest of the low and punishes those who did things right. In order to improve the economy (not like that is the governments job) innovation and productivity need to be rewarded, not punished. In a future blog I will show how Governments can help the economy, mainly by getting out of its way.