Obamanomics – mp3 audio
“It is absolutely true that we can’t depend on government alone to create jobs or economic growth.”
Oh Please! With this intriguing bit of hyperbole, President Obama begins his justification for the stimulus package.
— AS IF we could depend on government AT ALL to create jobs or economic growth!
Governments redistribute a fraction of the dollars they collect, and consume the balance with overhead. The wealth that governments redistribute crowds out private sector opportunities at the point of redistribution, cuts off private sector opportunities at the point of collection, and costs an overhead bureaucracy that adds no productive capacity to society. It’s a loss proposition in the beginning, middle, and end.
Governments cannot create anything without first taking the means to do so from the private sector, a fact that completely eludes our leftist fear-mongering redistributer-in-Chief. And he seems like such a nice guy. Too bad his policies will bury us.