The Perpetual Motion Machine Or Poof, poof, poof I know, I know, you learned in grade school that there was no such thing as perpetual motion. Well, if you were not a realist, you would not be reading this, because a perpetual motion machine exists, if you are a liberal. It is called Keynesian Economics. How does it work? That is easy. You assume that government spending is good for the economy. Then you assume that money diverted from the private sector has no cost. See how easy it is. With this kind of model, you are automatically know that bigger government will “stimulate’ growth and create jobs”. Heck, sometimes you even admit that you don’t even look at real world numbers. Which perhaps explains why Keynesian economics has such a long track record of failure? It did not work for Hoover, Roosevelt in the “30’s, It did not work for Nixon, Ford and Carter in the “70’s. It has not worked for Bush or Obama. Politicians love Keynesian economics because it tells them that they are not buying votes; they are “stimulating the economy”. Obama said the shutdown took $24 billion out of the economy and reduced growth from 3 to 2.4 percent. Why would he say this? Liberals believe that if the government does not spend your money, it disappears. Poof! Poof! Poof! Of course, you know this is not true. How you do you know this? Are you a Supply Side Economist? Are you a prophet? Mmmmmmm. No? Me either, but you do know that if you don’t spend your money you still have it. That is a concept! Our government borrows much the money it wastes. Obama and Congress have increased the debt by $7 trillion. It has to be paid back, and much of it will go to China. Leaders in the Congress should concentrate on how we Americans could earn more income. Then we would pay more taxes. Duh? We know best to do with our money.
Posted on: Thu, 31 Oct 2013 15:20:32 +0000
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