Interesting comments from Victor Davis Hanson: Confessions of a Counter-Revolutionary.
Here is what you do if you are a revolutionary who wishes to transform the American economy:
a) Have the government absorb health care, one-sixth of the economy.
b) Ensure that a correct Federal Reserve establishes near-zero interest rates.
c) Vastly expand the numbers on food stamps, unemployment, and disability insurance.
d) Raise taxes on the upper incomes, so that in many states the suspect pay 55% of their incomes in federal income, payroll, Medicare, Obamacare, and state income taxes.
e) Exempt half the U.S. households from federal income tax, so that for many April 15 is a day of credit reimbursement.
f) In matters of bankruptcy, seek to elevate pension holders over creditors and contractors.
g) Promote programs that seek to offer redress payouts to supposedly discriminated constituents and seek to excuse mortgage and credit card debt.
h) Vastly grow the number of federal employees.
i) Run chronic budget deficits to ensure redistributive growth.
j) Plan to double the national debt in eight years.
l) Cut the defense budget.
m) Keep entitlement payouts sacrosanct.
n) Conduct psychological warfare against the job-hiring classes (pay your fair share, you didn’t build that, no time to profit, fat cat, etc.).
o) Establish crony capitalism so that particular capitalists (e.g., Solyndra, GE, Chrysler, etc.) understand that anti-capitalist mandates do not apply to politically correct policies.
p) Discourage new gas and oil production that might undercut green energy and prevent gas from going “to European levels” or electricity to “skyrocket.”
Here is what you might do should you wish a natural recovery, decentralization, and more people working:
a) Simply do the opposite from all of the above.