This is true of a lot of circumstances. The road untrod may have had untold riches, rainbows and pleasures, but we didn’t go that way, we went this way. We might know now that this road isn’t as nice as we expected, but what did we lose? We’ll never know.
Typically these kinds of thoughts accompany my considerations of abortion or senseless death, but this time I’m thinking of the economy. Right now I have friends who are sick with dread and worry because they are unemployed or their children are unemployed or their company is struggling. These worries rob you of your joy, your capacity to relax and enjoy the blessings you do have. How much of this worry is due to ignorant, feckless, obtuse policies of our esteemed Congresscritters and Bumbler in Chief? More than we even thought.
I’m going to bring a clip of this article, but go read the whole thing. It is presented well and someone spent a lot of time on the research for it.
The Congress was working overtime last week, and it wasn’t pretty. The awful spectacle of Congress’ inability to timely resolve budgetary issues and raise our self-imposed debt cap took a heavy toll on the stock market. What is so profoundly disturbing is that in their brinksmanship, our lawmakers never seem to consider just how much their actions cost us.
It is bad enough that government views all assets and earnings as property of the government first, of which we are allowed to keep a portion by the grace of the government.
What is equally upsetting, but less visible, is the amount of wealth destroyed merely by political talk, even when that talk doesn’t lead to action. This wealth destruction is the “Congressional Effect.” It is empirically demonstrated by looking at how the stock market is affected on a daily basis by Congress.
From 1965 through 2010, measuring each of the 11,582 trading days during that period, the price of the S&P 500 Index rose at an annualized rate of less than 1% on days Congress was in session, but over 16% on days it was out of session. Over the past 10 years, as government has gotten bigger, this relationship has gotten more extreme.
It is clear that the people who have a financial stake in our companies have little, if any, faith in our government. As a matter of fact, it appears that they consider them an enemy of prosperity and hope. They’re right.
As Obamacare, the EPA, the NLRB, OSHA, the DOT, DOE, etc. continue to implement and/or pass their expensive, onerous regulations, we’re either going to have to wake up and castrate them or learn to live with worry and destruction. It’s time to get tough or die, America. We will either rule our land or allow our rulers to ruin our lives.