The question facing America is: who will lead us out of this economic crisis? George Washington answered this question for us in a letter to Benjamin Harrison in 1784. He wrote:“A people... who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.”
Unfortunately, today, many elected officials, the media, and even big business have lost confidence in “the spirit of commerce” – in the American free enterprise system - and are looking to government for the answer. A recent Newsweek cover declared “We are all Socialists now” and Congress and President Obama just passed a stunningly partisan $787 billion “stimulus” bill. From the TARP to special loans to GM and Chrysler to a new $275 billion mortgage entitlement program, bailout nation is in full swing.
Yet if more government spending could spark sustained economic growth, we'd be in a boom right now from the reckless expansion of spending over the last six years.
That is why it must stop, now. It is time for America to return to its roots and look to entrepreneurs in the private sector to lead us back to prosperity.
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