Sunday, October 19, 2008
1934 all over again
I hate to be blunt, but B. Hussein Obama may be the most economically ignorant major party presidential candidate to ever come down the pike. I've had great fun comparing Mr. Obama to Jimmy Carter and George McGovern. Now Obama's gone and made my makin'-fun job easier by resurrecting the ghost of Huey Long. To wit:
"When you spread the wealth around, it's good for everybody."
Obama's indirect (intentional?) name-checking of a long-ago demagogic, socialist Southern governor is funny to those of us who know a thing or two 'bout basic economics; however, Obama's ignorant redistributionist prattling ain't so funny when one considers that the man is now pretty much on track to become the next American president.
Anyone who's ever read the Wealth of Nations, or Economics in One Lesson, or Basic Economics, or Applied Economics, or The Law, or Capitalism and Freedom, or The Road to Serfdom knows that wealth is neither fixed nor finite. That is, wealth is not a pie over which different groups have to compete for ever-larger slices, or share slices. Wealth is only limited when politicians place barriers in front of those who dare to imagine, create, refine, and distribute goods and services for a profit. And Obama and his cronies in Congress are all about barrier-placing.
Don't think for a minute that Obama's wealth-spreading comment was the work of a neophytic presidential candidate. Earlier this year, Mrs. B. Hussein Obama let slip what her husband was feeling in his heart when she said, [S]omeone is going to have to give up a piece of their pie so that someone else can have more." You know, that don't sound like the policy position of a post-partisan, über-moderate President for the Ages. It sounds like something you'd find on the Communist Party-USA's Web site.
What the U.S. economy needs right now - nay, what Americans need right now - is not wealth-spreading or pie-sharing or increased taxes on capital or doubling the size of the Federal Register or towing-kow for public and private-sector unions or any of the other piddling socialist crap the Ignoramus Formerly Known As Barry wants to do.
What we need is a president and members of Congress who, whenever they start to write a bill or deliver a speech, ask themselves one simple question: "What would Adam Smith do?" My, what an easier life we'd all be leading if each and every one of our policy-makers - from the USA Prez down to the school board prez - had to ponder that question before they did any-fuckin'-thing.
"When you spread the wealth around, it's good for everybody."
Obama's indirect (intentional?) name-checking of a long-ago demagogic, socialist Southern governor is funny to those of us who know a thing or two 'bout basic economics; however, Obama's ignorant redistributionist prattling ain't so funny when one considers that the man is now pretty much on track to become the next American president.
Anyone who's ever read the Wealth of Nations, or Economics in One Lesson, or Basic Economics, or Applied Economics, or The Law, or Capitalism and Freedom, or The Road to Serfdom knows that wealth is neither fixed nor finite. That is, wealth is not a pie over which different groups have to compete for ever-larger slices, or share slices. Wealth is only limited when politicians place barriers in front of those who dare to imagine, create, refine, and distribute goods and services for a profit. And Obama and his cronies in Congress are all about barrier-placing.
Don't think for a minute that Obama's wealth-spreading comment was the work of a neophytic presidential candidate. Earlier this year, Mrs. B. Hussein Obama let slip what her husband was feeling in his heart when she said, [S]omeone is going to have to give up a piece of their pie so that someone else can have more." You know, that don't sound like the policy position of a post-partisan, über-moderate President for the Ages. It sounds like something you'd find on the Communist Party-USA's Web site.
What the U.S. economy needs right now - nay, what Americans need right now - is not wealth-spreading or pie-sharing or increased taxes on capital or doubling the size of the Federal Register or towing-kow for public and private-sector unions or any of the other piddling socialist crap the Ignoramus Formerly Known As Barry wants to do.
What we need is a president and members of Congress who, whenever they start to write a bill or deliver a speech, ask themselves one simple question: "What would Adam Smith do?" My, what an easier life we'd all be leading if each and every one of our policy-makers - from the USA Prez down to the school board prez - had to ponder that question before they did any-fuckin'-thing.
# posted by Joltin' Django @ Sunday, October 19, 2008 
