Posted by
Far_view on Sunday, March 22, 2009 2:01:17 PM
I was watching
This Week
this morning and there was a good back and forth between George Will
and Robert Reich. Will was pointing out that we need to give market
forces time to work to get the economy back on track and Reich kept on
going on about how "the market has failed". Will was clearly getting
exasperated. I think one reason he was getting exasperated was that
Reich was just spewing out a slogan. The economy goes up and it goes
down. There have been booms and recessions since Colonial days. So does
that mean that every time we've had a recession that "the market has
failed"? No, it just means we're undergoing a correction. It is healthy
for the economy in the long run. What is clearly not healthy for the
economy is for the government to get too involved, but the people like
Reich are using this ridiculous canard that "the market has failed" to
do just that. At best it is disingenuous and at worst it is clearly
dishonest.
I can understand how the uninformed masses might buy
into a slogan like "the market has failed" to justify their voting for
someone like Obama, but for someone who clearly knows better, like
Reich, one can only wonder how they can sleep at night when they know
that they are, again, being misleading at best and deceitful at worst.