Obama's Invisible Hand At Work

What predicates a recession?  What is it that stops the mechanism of a free market? 

Surely it’s not just one thing, but rather the accumulation of many things that creates a sludge affect.  For President-Elect Barak Obama, the answer may lay with one of the world's greatest economists, Adam Smith.

Adam Smith wrote that, “within an economic society, each individual strives to become wealthy, intending only his own gain, but to this end he must exchange what he owns or produces with others, who value what he has produced.  By this division of labor and free market, public interest is advanced and wealth is distributed by an “Invisible Hand”.

America’s present economic failings are not just about deregulation, failed financial institutions or rising unemployment, or failed real estate, or outsourcing or illegal aliens without work visas.  It’s not just about who’s paying taxes, or the result of the 9/11 attacks, or Katrina, or the California fires.

America has had many disasters. Some man-made and some natural, but she has always overcome them.  The main thing is to get America back to work.  Because in order for Adam Smith’s economic theory of an “Invisible Hand” to distribute the country’s wealth, there must be a product, some “goodie” that is made in America; bought in America; and exported by America for profit. 

America needs to get back to work, so that the mechanisms of the free market can once again turn and Adam Smith’s Invisible Hand can get back to distributing the goodies.