“About one in five Americans combine a view of God as actively engaged in daily workings of the world with an economic conservative view that opposes government regulation and champions the free market as a matter of faith…It finds nearly three in four Americans (73%) say “I know God has a plan for me.” Within this group: 49% say ‘the government in Washington is trying to do too many things that should be left to individuals and private businesses’, 79% say ‘able-bodied people who are out of work shouldn’t receive unemployment checks if they are passing up jobs they can do’, 92% say ‘anything is possible for those who work hard’…But people who weren’t working (32% of those surveyed) answer differently, says another Baylor co-author, sociologist Kevin Dougherty. Working people, paid or volunteer, were more likely (45%) to say the government does too much than those who weren’t working (37%). They were also more likely (81% to 72%) to say healthy people don’t deserve unemployment benefits.”
So, according to many conservatives, spinning in the mix of the entirety of economics is “God” and “champions (of) the free market as a matter of faith”. If that is the perception, why can’t “god” be in economics and support free trade? After all, “he” does claim 10% of one’s hard earned money. Why shouldn’t “god” have something to do with economics?
The notion and employment of “economy” and “economics” is a mind-swirling subject that evades proper understanding. When something is mysterious to conservatives, instead of learning about it and asking questions that brokers understanding; they turn to the ancient mystery solver known as “god”, “Jesus” and the “holy spirit”, for surely “he”/”them”/”it” knows everything that they don’t. Supernatural forces unseen dispel the dark cloud that is economy for the faithful. Wrongly, but to them it’s a truth they use as a gauge for their lives in all things without ever stopping to cerebrate some real thoughts independent of dogma, tenets and faith. In order to dispel the great mystery of economy, I will brief those who desire understanding outside the influence of “god” and his split personalities.
The basic foundation of economy is trade. Trade occurs every day as money is paper replacing the antiquity of carrying around pounds of silver in one’s pockets, bags, or on mules. Paper money is represented by the amount of wealth America has. If America’s wealth is dwindling, making more money to alleviate economic crisis put false value of the dollar into the public and international trade causing the worth of the dollar to lower exponentially because the printing was done without more real and tangible wealth. Wealth in economy is measured nationally as how many export items can be produced, the health of industry and demand for its products, the value of trade directly related to the trade items, spending to achieve manufactured items, the amount of people employed and contributing to the economy as consumers, the health of the stock market, inflation rate, national debt ratio applied to worth of exports and balanced trade, market values of produced items, and the interaction of trade via agreements, treaties, and debt relief or paying national debts to related parties.
The health of an economy degrades when there is high unemployment (which slows consumer spending and balanced or fair trade), absence of goods or products manufactured natively (closing of essential manufacturing businesses that produced items for international trade and domestic consumption), the amount of imported items outweighs the exported items (we import items more than export items), the international market declination of consuming national imports, the stock market plummets (the stock market is a gauge of measuring the economic health of companies, trade, trade values, and consumer consumption of native or domestic products, including services and actual items), the interest rate on loans (the foundation is set by the Federal Reserve called “prime”) lowers and does not stimulate growth of spending and repayment of debt, the rate of inflation (how much things cost) rises above the affordable amount.
Economy flourishes when jobs are plentiful, goods manufactured natively are domestically and internationally consumed, imported items are less than exported items, the stock market rises, the interest rate on loans is affordable, and monetary value is based on real wealth of the nation. In order to achieve a well balanced, healthy economy encouraging spending on native or domestic products is important. When exports are much higher than imports, that means that money is being made in trade on the native or domestic products in the international market. When imports are higher than native or domestic product consumption, the money is not being returned to our economic worth, but to the nation we are importing from. Logically, stimulus plans should work to repair the sick economy. However, since most of our products in our stores is made outside the United States, stimulus plans do not help as the wealth recovery is not cycling back into our economy. If we don’t invest in domestic products, we give our money away to Mexico, China, and other countries we accept imports from. The equation: spend=economic growth is flawed because of our appetite for imports.
Another reason the United State’s economy is failing is because we are not making enough money to sustain our appetite, or in other words, we aren’t making enough money to pay our bills. While during President Bush’s tenure (the son, not the father) our national debt climbed to over a trillion dollars, we were fighting two wars in two different regions, companies received tax breaks for exporting business to other countries, and the deregulation of banking institutions occurred. These moves hurt our economy by borrowing further than we could afford, spending money on wars, depleting companies that were domestic that are essential to cyclical economic health both natively and internationally, and relaxing laws that kept banks from taking advantage of consumers whether by issuing minute fees for their own wealth increase, creating loans that are difficult to repay, and the eventual mass of foreclosures because the affordability of loans excelled the bankruptcy of many who were unable to pay the amounts banks demanded thus creating a vacuum of income. This unintelligent action led to a “glut” (more than consumers are willing to consume) in the housing market, forcing the fair trade of such real estate to plummet and further hurt the economy by discontinuing the cyclical nature of domestic fair trade. A combination of all these things sent our economy into the depths of recession.
What can we do to get our economy healthy again? First, we need to act instead of being dependent on an invisible being to help us. Tax cuts for companies that manufacture items domestically should be enacted to attract companies back to the United States. Second, the two wars costing trillions of dollars needs to be eliminated. More domestic companies will result in more jobs, thus unemployment would cease to rise. (The stagnation of the unemployment rates is only the product of unemployment benefits being exhausted. The number of unemployed outside the unemployment benefit system are not counted.) Third, appetites for imported products of cheap value and poor quality (or in some cases dangerous quality as lead paint is used in toys imported from China) need to be curbed and more affordable domestic products need to enter the consumer market. Fourth, while spending makes an economy flourish, there is a very weighty difference in what the average American pays in income tax and what the few millionaires pay in taxes. Those that make more money should fairly pay money that reflects their income, as most millionaires have achieved wealth by not consuming the unnecessary and other frugal spending habits. Finally, the action of marketing domestic products that are quality to international consumption will also encourage the economy’s growth and health. Bank regulations governing how many fees and costs of doing business with them should be strict enough to encourage fair and balanced values.
Note how, no where in the above explanation, is “god” a fitting entity to assist in the health and maintenance of economy. That is primarily because “god’s” involvement is akin to the complacency of “prayer” when applied to “solutions” that require action by thinking, the economically savvy, and proactive minds. The mystery of economy can easily be solved with a little patience, asking questions, and cerebration “outside the box”; not by adding mystical, mythical, imagined entities to “handle” the confounding nature of economy. Independent thought is ruined by the very nature of “god”, who has failed to explain the unexplainable in the past and continues to do so to this very day.