I Didn't Watch It But...

The economy is stimulated by people spending money. That means people have to have money to spend. Now, I'm not going to lie, I didn't watch President Obama's State of the Union address, but I did read this article outlining his main economic policies for the upcoming year. I'm no expert on politics, but I do notice that the majority of the time, what a President says in the State of the Union address is all talk, no matter whose party they're throwing. But Obama did say some pretty interesting stuff about stimulating our economy. What it looks like to me is that he is all about Congress spending money to make jobs to decrease the unemployment rate. And where does Congress get this money? According to President Obama, its going to come from taxing the rich. Taking money away from the rich also takes away their spending money, so they stop spending money consuming and investing in business, which takes away money from businesses that they could use to create jobs and hire people. So in the end, this plan doesn't really work, because government created jobs aren't really jobs at all. For an economy to work, the people need to have a little bit of freedom and power to make and spend money as they see fit. With everyone "playing by the same rules", it's hard for people to do that. It ends up being a redistribution of wealth which is the complete opposite of the country's capitalistic foundation. In fact, it's socialism (ooohhh scary word). In my opinion, we should be looking for ways to stimulate the economy without additional government spending and taking money out of the public's hands. How? (ask Ron Paul)