Government creates nothing but misery and heartache. For to “create” a job, government has to steal money from someone in the private sector — either through inflation (money printing) or taxation — and give it to someone else. Irrationally exuberant government “stimulus” spending began under George W. Bush’s regime as he sought to “save the free market system” by “abandon[ing] free market principles.” But almost five years and trillions of dollars later, here’s what we have: Almost 90 million Americans not working. 15 million more Americans on food stamps today than in January 2009. That’s two Americans on food stamps for every job “created” by the regime. Almost 11 million Americans receiving disability payments — 1.6 million more than in February 2009. American has fallen to No. 27 in middle-class wealth. Real occupational wages are down almost 3 percent. Thanks to the threat of Obamacare, most new jobs being “created” are part-time jobs. American is becoming a part-time society. In his speech, Obama decried the growing inequality between the haves and have-nots. “This growing inequality, it’s not just morally wrong, it’s bad economics,” he said. “Because when middle-class families have less to spend, guess what? Businesses have fewer consumers. When wealth concentrates at the very top, it can inflate unstable bubbles that threaten the economy. When the rungs on the ladder of opportunity grow farther and farther apart, it undermines the very essence of America, that idea that if you work hard, you can make it here.” This statement demonstrates either Obama is profoundly ignorant of economic theory or he’s deliberately misrepresenting the business cycle to Americans. But none of his policy proposals — he promised to invest billions of dollars to build new infrastructure, improve education, create jobs programs and increase the minimum wage — have historically done anything to improve the economy. In fact, they have been shown to have deleterious effects. And all require a redistribution of wealth to accomplish. personalliberty/2013/07/29/as-expected-obama-has-it-all-wrong/
Posted on: Tue, 30 Jul 2013 20:51:07 +0000
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