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Pondering the Merits of the American Recovery and Reinvestment Act of 2009
I believe the general purpose of the stimulus package is beneficial to our economy, in that it will put out-of-work people back on their feet, repair our crumbling infrastructure, assist those in danger of losing their homes and provide a degree of tax rebate or incentives for our middle class and below. Those facts alone are enough to cause an outcry among conservative, capitalists traditionalists, although there is much more to the ARRA.
Is the Game of American Capitalism Over?Is it not ironic, that the game of free-market capitalism, the economic system responsible for creating the wealthiest country in the world, is now the culprit for the financial collapse of America’s $13 trillion economy? Foreign leaders around the world have called out American style-capitalism as the reason for the worldwide economic slump. In hip-hop culture, there is a saying “don’t hate the player, hate the game,” but in this situation I must say, “we cannot hate the game, we must blame the players.
