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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.97+0.1%Nov 7 4:00 PM EST
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To: yard_man who wrote (53696)8/18/2013 10:49:51 AM
From: Hawkmoon  Read Replies (1) of 218618
 
the rest: thinking that the government can plan the economy -- it sounds very attractive and reasonable ... that's all I can say.
Plan the economy? No.. I would agree with you..

But that's not to say that the Gov't doesn't have the ability to bring it's substantial resources to advance R&D in areas where the private market is unwilling to bear the financial risk (space program, internet.. etc), or is looking for a more rapid ROI on investment.

But when it comes to welfare and food stamps, I think we should be expecting something in return from the recipients. Not against helping those who have fallen on hard times.. Just thinking that giving them money with no expectation of earning it in some manner via community service is also not the answer.

We must keep people working or they become a drag on economic performance and national debt. They lose their job skills and become wards of the state. Better to temporarily subsidize their labor costs to the companies that employ them than to just let them fall off all the employment stats and become welfare statistics. And I truly think the majority of people would rather have a job than to just receive benefits.

And let's face some facts about the "market". It's manipulated, probably more than we've seen in any point in recent history. I find it hard to find sectors to be confident enough in to actually invest, rather than trade. So what the market is anticipating is just how much more "stimulus" we're going to get to keep the patient on it's feet (despite the debt and tax burden that later weighs it down)..

When the gov't engages in deficit spending, it should have some expected short, or long-term, investment.. not just giving the money away in dubious projects that ADD an economic cost, not enhance productivity and innovation. That's generally the crux of my argument.

Hawk
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