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Is the current expansion of government into our economic affairs in the United States going to undermine our overall economic growth?

  • I oppose the expansion of the government into our economic affairs because it is causing the natural tendency of economics to be unnatural.

    The government needs to allow businesses to thrive. For our economy to thrive, we need to allow the survival of the fittest to take its course. If a business fails, it is most likely for a reason and choices that the responsible owner made. It shouldn't be up to the government to try to fix the economy.

  • The more government gets involved in business decisions, the worse it gets.

    The government's involvement with General Motors and Chrysler is a shining example of why government should not get involved in private enterprise. Chrysler bondholders were illegally put behind unions in the company debt restructuring. The government started to make business decisions for General Motors. Congress demanded General Motors not close unprofitable dealerships in their home districts. What a mess.

    Posted by: ddeathnote
  • Government expansion kills economic growth, because the government cannot create new wealth.

    I firmly believe that the expansion of government into our economic affairs stunts our economic growth. By expanding government regulations and imposing new corporate taxes, the government discourages entrepreneurs who create wealth and jobs. In this uncertain environment, business owners are looking for ways to keep the money they have, and they are not looking for ways to make more. Therefore, they are not creating jobs or expanding their businesses. Sure, the government does employ people, but those salaries are paid by the taxpayers. The government may print money, however, it does not make money. Through taxes, it brings in money and then, through social programs and government jobs, it redistributes it. These policies undermine economic recovery.

    Posted by: MeatyClarence70
  • The current expansion of government into our economic affairs in the United States is going to undermine our overall economic growth.

    The current expansion of government into our economic affairs in the United States going to undermine our overall economic growth. The failed economic stimulus is a clear indication of the government's economic capability. The economic stimulus was going to prevent unemployment from exceeding 8%. Now that the unemployment rate is 9.6% and rising and we are a trillion dollars in debt, it is time for the government to fold their hand and let the knowledgeable players take over. The greedy millionaires who want to become multi-millionaires are far more qualified to improve the economy than the politicians who want to get re-elected by spending other people's money.

    Posted by: JamieM
  • The expansion of government into our economy will undermine our growth by allowing it too much control over businesses.

    Up until recently, the United States has been a nation that has allowed individuals freedoms of many kinds. Economic freedom has been one of those. The government becoming involved in the economy and eventually owning pieces of it will totally undermine any potential growth. Businesses will become ruled by the government, and will have to abide by rules and regulations that could potentially stunt the growth.

    Posted by: TedieDelight
  • Yes, the government is less efficient than the private sector; its growth slows down the economy.

    The government is inherently wasteful. Sending $100 to Washington results in only $50-$80 doled back out to the states or local governments. Even if the local governments were 100% efficient, there has already been a large chunk lost to government bureaucracy. If that $100 remained in the local economy, it could be spent and invested in ways that built up the local economy. When the government's spending actually has a similar multiplier effect, this benefit is offset by the 10-30% waste at each level of financial distribution. When you factor in that much government investment and expansion is based on political favoritism, without consideration for long term economic benefit or money spent only to prevent failing entities from failing, the money taken from the productive sector that ends up in the unproductive sector only hurts our economy.

    Posted by: Pir4And
  • Growth in the government sector is considered by almost all economists to shrink the private sector, therefore continued fiscal laxity will ultimately undermine our economy.

    While it is almost universally accepted that government growth shrinks ("Crowds out") growth in other parts of the economy, it is not immediately clear that this will harm us in the long run. However there are two things missing from this picture. First, government spending is almost always less efficient (ie more wasteful) than private spending. This is a complicated discussion in economics but it comes back the Hayek's information problem and a top down structure's inability to coordinate an entire economy. Second, government spending almost always increases, and rarely decreases. This means that continued expansion will likely stay, and the inefficiency of it will ultimately harm our economy.

    Posted by: VultureDer
  • I oppose the expansion of the government into our economic affairs because it is causing the natual tendency of economics to be unnatural.

    The government needs to allow businesses to thrive. For our economy to thrive, we need to allow the survival of the fittest to take its course. If a business fails, it is most likely for a reason and choices that the responsible owner made. It shouldn't be up to the government to try to fix the economy.

    Posted by: BGraham
  • No, the growing income inequality will undermine our economic growth.

    The idea that government intervention will slow down growth by creating regulation which will cost jobs is an old fallacy. If anything it creates more jobs, but I'm not going to argue that here, instead I will argue that people need to buy things in order for the economy to do well. The more people can buy things the more things we can sell (and maybe even make). The more people there are who can afford more things, the better off we are...at least economically.

  • The government becoming involved in economic affairs will help stabilize a failing economy, and keep Americans from falling further into poverty.

    De-regulation only leads to our current economic crisis. The government not being involved is what has lead to massive growth among the rich and greater losses on the lower and middle classes. Corporations, banks and big businesses are only looking to make the top 1% richer, while the majority of Americans are struggling to make ends meet. The government needs to expand into this areas, if we ever hope to get out of this depression.

    Posted by: TellingWalker59
  • Government expansion into our economy helps growth by providing a steady hand.

    Free markets and blank-check capitalism can provide a lot of wealth to those involved, when the markets are riding high. But, this is often done at the expense of the lower classes and working man. Bull markets can also go too far and form bubbles that endanger the nation when they burst. The government is right to catch the economy when it falls, and help get it back on its feet. I think Washington also has a perpetual responsibility to help the meekest among us because, when you help the lowest among us, you elevate us all.

    Posted by: FlakyHerb64
  • No, because whether you trust big business or the government, it seems to be a "pick your poison" issue.

    While I do not believe that all our problems can be solved by government, I have more faith in their motives, than I do in those of corporations. Well, that is to say I have slightly more faith in the government. At least there is the possibility of some kind of monitoring, while corporations would certainly go bonkers given free rein to "solve" U.S. economic affairs.

    Posted by: WiryCory46
  • I think the government is looking out for our best interest when it comes to the economic environment.

    I believe the government expansion into our economic affairs will cause exponential growth in the distant future. We as a society are not focusing on the affairs of our economy enough. Besides that, when it comes down to it we just don't have the funds as individuals to develop our economy the way we should. The only ones besides the government who have the power and money to affect our economic growth are the big corporations - and trust me, we do not want them to be in charge of something that affects our livelihood that much because, let's face it, they are just out to make themselves rich. The government is really the one who is looking out for people like me and you.

    Posted by: 54l3mGrand
  • Some government policies may undermine economic growth, but in the aggregate, the current approach is doing more good than harm.

    Some of the policies undertaken since the advent of the financial crisis have been wiser than others. But for the most part, the government's active role has been a force for growth, not a hindrance to it. After all, one of the defining characteristics of a recession is that consumer demand is too weak to sustain production and robust employment, making it important for government to pick up the slack in order to rejuvenate the economy. While in some cases, the government might have been better off doing less, if anything, the government has been too passive in its stimulative measures, given the drop-off in state and local government spending, and the reluctance of banks to loan money to businesses.

    Posted by: M4I4cFeIine
  • The current expansion of government into economic affairs will correct problems with the economy, not create them.

    Many of the things that led to the current recession are the result of insufficient government controls. Real estate speculation and improper lending procedures were the result of people prioritizing short term profits over long term stability and manageable growth. Government regulation, if properly implemented, will set controls and correct the market to encourage long term decision-making rather than short-sighted ventures.

    Posted by: NoIanP4P3r
  • Government intervention detracts from true capitalism.

    Government intervention without an end may not stimulate the economy correctly. With everything from an automobile rebate to bank bailouts, the more we depend on this, the less business can create new client sales. These stimulus works will keep up the appearance of sound businesses; however, it may not be profitable for them in the long run.

    Posted by: ErvAsta
  • Over the years, the government has not shown financial or fiscal responsibility for its own economic affairs.

    The more the government expands itself into our economic affairs, the more the economic process will become even more bogged down with additional "red tape", regulations and other forms of governmental limitations, thus hindering both the progress of many main-stream businesses and individuals from ever recovering economically, and planning financially for the future.

    Posted by: Quibarce
  • No, it is helping big companies and small ones too.

    The government getting more involved with the economic affairs is, at the moment anyway, helping them. By getting involved with the bailouts of auto companies, it has helped them revamp, forced them to trim costs and gotten them back on their feet. Small businesses are helped as well, with small business loans through the government. Some people think this is too much interference and intervention, but it really is more of a helping hand.

    Posted by: PinkMych

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