An amateurish attempt at explaining current events large and small.
Saturday, April 04, 2009
We Do Not Need to "Rebuild" Our Economy
I find Obama's vows to "rebuild" our economy misguided. Our problem is not one of building or rebuilding anything. If anything, there has been way too much building. "During a decade of easy credit and loose spending," begins this NYT article on empty restaurants, "American businesses built too many cars, houses, stores and factories. It turns out the country built too many restaurants, too." People need income, and thus jobs, not more building(s).