That's certainly a laudable goal, but it is instructive to review the categories of products which were America's top exports in February 2010.
Pharmaceuticals were America's number 1 export that month, and medical products were the seventh highest.
It is ironic that ObamaCare, which will lead to restrictions on the development and growth of the pharmaceutical and medical device industries over time, will hurt important parts of our export industries.
On the other hand, the auto industry, which received unprecedented government assistance that will never be fully repaid, is no where to be seen.
So Obama attacks some of our most successful industries and assists some of our least successful ones. While that is a terrible investment strategy, it is consistent with government intervention in the economy, which seeks to aid troubled industries and hurts successful ones.
The proper government policy is one which plays no favorites, maintaining a level playing where success and failure are earned in the marketplace.
No comments:
Post a Comment