"Barack Obama declared last week that his economic plan begins with "one word that's on everyone's mind and it's spelled J-O-B-S." This raises the stubborn question that Senator Obama has never satisfactorily answered: How do you create more jobs when you want to levy higher tax rates on the small business owners who are the nation's primary employers?" - More...
My only problem with this editorial is that it assumes Obama doesn't know that his policies will reduce job formation and chase capital overseas. They do know that and their economic plans are part of a larger plan to discredit free markets and consolidate the power of the state.
When the economy grinds to a halt the villains will be the "traitorous and greedy" capitalists who wont sacrifice their own well being for the collective whole. That will be the excuse for more government punishment of "the rich" and more government power over the economy in order to counteract the "flaws" of the free enterprise system.
In other words, Obama will distort the free market with government meddling, then blame the free market's natural reaction when it fails and offer more government meddling to fix the problems government caused in the first place. In the end equality is achieved. Equality of poverty, misery and slavery.
This is what created the sclerotic European economy. On the extreme this blame the victim strategy of the left has given us Cuba and North Korea, with Venezuela trying to catch up to those socialist utopias. The only differences are a matter of degree.
**On a related note. Thomas Sowell asks what exactly is the change we are talking about?
"Yet many today seem to assume that if things are bad, "change" will make them better. Specifics don't interest them nearly as much as inspiring rhetoric and a confident style. But many 20th century leaders with inspiring rhetoric and great self-confidence led their followers or their countries into utter disasters. These ranged from Jim Jones who led hundreds to their deaths in Jonestown to Hitler and Mao who led millions to their deaths."
No comments:
Post a Comment