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Government interference will not improve economy

By Staff | Jun 26, 2009

When this recession began and gas was $4 per gallon, I remember telling my daughter that when she looked back on this in 20 to 30 years that this would barely be a blip on the radar screen of history. After all, I have lived through several recessions, two energy crisises, and the inflation of the Carter years. My parents had lived through the Great Depression and World War II. I firmly believed the value of my IRA would rebound and that the United States of America knew how to avoid another depression and or serious inflation. During this past fall my confidence started to be shaken.

The idea of bailouts and the TARP Fund started to make me feel uneasy. Now we have the Stimulus Plan. The Goverment owns 60 percent of General Motors, not to mention the control being exercised over Chrysler and the President is pushing very hard to take over the health care system.

What is happening is called the nationalization of these various industries. I no longer believe that this is just a blip on the radar screen of history. This is far worse than than what two young soldiers saw on their radar screen as they sat on a hilltop in Hawaii the morning of Dec. 7, 1941. The Japanese had no hope of damaging the United States as much as President Obama and this Congress have already done and are about to do. Our economy can with stand all most anything except this massive interference from our own Goverment. What is being done to our economy has been tried in many countries and it has never succeeded. Those who fail to study history are doomed to repeat it.

If you have the same feelings I do, it is time for you to stand up. Join us for a Fourth of July Celebration at Poor House Farm Park in Martinsburg from 12:00 PM to 2:00PM. For more information go to WTPWV.com

Thomas Newcomer

Charles Town