Daily Rant – January 11, 2010
January 11, 2010
It’s the Economy, Stupid!
It’s one year after the stimulus and nobody, other than the brain-dead liberals who call into Sean Hannity’s show, think the economy is getting better. I have to laugh because no matter how hard you spin this one, the economy is not showing any signs of improvement. We just had another jobless report that experts say was higher than expected. If it’s always unexpected, then why are these people the experts? And who are they anyway? I want names so I don’t accidentally take some of their advice.
As I reported the other day, the only sector that seems to be growing is government. Along with the growing number of jobs are the growing salaries. Is it going to be that the only jobs we can get are in government? It won’t work and I’ll explain why in a minute. While the economy loses more and more jobs in the private sector, can this possibly be the goal or our current administration? I hate to think the worst of our elected politicians but could they be hoping that things get so bad we all rely on government for our handouts? And once that happens will we elect and re-elect a Democrat majority who will continue to give us those handing out the goodies? Here’s my question. What happens when everyone is in the cart? Who will pull it? How long can the printing presses continue to spit out money before they run out of ink?
Walter Williams was host on Rush’s show last week. I think it was a rebroadcast of an earlier show, but he is the first to use the analogy that I have been putting forth for some time. It was this. Think of the economy as a swimming pool and government is a bucket. The only money government gets is from those who work and produce. So take a bucket full of water (taxes) out of one end and dump it into the other end. For a few minutes it causes ripples, but the water level hasn’t changed. Sorry if I am repeating myself, but this is one reason government stimulus will NOT work. A second one would just be another mistake that takes money from the private sector for investment or creating jobs and gives it to the bureaucracy to pay itself to do essentially nothing toward solving the problem. Some call it a Democrat slush fund to buy votes in November. I can believe that.
Eagle Forum had a piece today talking about the causes of unemployment. While it offered no solutions, it did explain what is happening with many of the jobs that used to be done here in our country. They are being outsourced to places like China and India where people will do the same jobs for much less. Corporations move their operations there because there are less regulations. If illegal aliens come here and do the jobs Americans won’t do, pay no taxes and suck off the welfare trough, what will happen to us? You are beginning to see the results, and it is only bound to get worse if something doesn’t change.
Heritage said today the economy is showing signs of improvement. You could have fooled me, but let’s say for a moment that it is so. Is this what Democrats are hoping for? That the economy will come back on its own? We are a resilient nation, probably the one thing that gives me hope (real hope) for our country’s future. But the fact it is improving because of the government stimulus is a fallacy. It also could be that I ate chicken yesterday. Just because two things happen at the same time does not mean one caused the other. As in the swimming pool scenario above (and a comparison Heritage also makes in this article… great minds think alike), students of the economy KNOW that the stimulus is NOT what is bringing about recovery. In fact, in my opinion, it will probably have more to do with consumer confidence than anything. The worst thing that could happen now is that the economy starts doing well, Democrats erroneously get credit for it from the voters because of the stimulus. This would then set us up for a bigger recession in the not to distant future!
Economist Vox Day is quoted in World Net Daily today as saying we are headed for another great depression if things don’t change and politicians do something different than the way we’ve done it in the past. “When it comes to economic predictions, Vox Day is so accurate it’s scary. Scarier still is the content of his predictions.
“He’s forecast the sub-prime meltdown, the home-value crash, unemployment figures—right down to intricate details and key dates. He recently predicted the collapse of even more banks. He says the expansion of credit, which is necessary to provide what passes for growth in a credit-based economy, has ended.”
Essentially he says we are in for tough times unless something changes. That will be up to us. The mid-term elections may be the make it or break it for our country. It will be necessary for politicians to challenge the conventional wisdom and labels to educate the votes and do what’s right because it’s the right thing to do… not because it gets them re-elected.
- FedUpEditor
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