The Messiah continues the baldfaced lies about the economy and “jobs saved” with his speech at the Brookings Institute this morning. This column “The Job Creation Snow-Job” by Thomas Sowell on National Review Online was written prior to today’s speech, but it captures the essence of the ongoing con job:
But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether by taxation, selling bonds, or imposing mandates.
However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy.
If that was all that was involved, it would be a simple verbal fraud, with no gain of jobs and no net loss. In reality, many other things that politicians do reduce the number of jobs.
Politicians who mandate various benefits that employers must provide for workers gain politically by seeming to give people something for nothing. But making workers more expensive means that fewer are likely to be hired.
Economists have long been saying that there is no free lunch, but politicians get elected by seeming to give free lunches, in one form or another. Yet there are no magic wands in Washington to make costs disappear, whether with workers or with medical care. We just pay in a different way, often in a more costly way.
Nor can these costs all be simply dumped on “the rich,” because there are just not enough of them. Often people who are far from rich pay the biggest price in lost opportunities. A classic example is the minimum-wage law.
Minimum-wage laws appear to give low-income workers something for nothing — and appearances are what count in politics. Realities can be left to others, so long as appearances get votes….
…Constant government experiments with new bright ideas is another common feature of Obama’s “change” and FDR’s New Deal. The uncertainty that this unpredictable experimentation generates makes employers reluctant to hire. Destroying some jobs while creating other jobs does not get you very far, except politically. But politically is what matters to politicians, even if their policies needlessly prolong a recession or a depression.
Real people are still losing real jobs and no phony estimate of “jobs saved or created” by this pack of lying #@%*& s is going to change that anytime soon!


Well, well, well….
December 9, 2009 · Leave a Comment
It was just last summer, during the Democratic Convention, that a deal was struck between the Obama campaign and the Clinton campaign for Hillary to step aside in exchange for the Obama campaign’s paying off of Hillary’s campaign debts estimated to be around $6 million.
Now reasonable people took that to mean that the Obama campaign would pay off those debts. It now has come to light that “the most transparent administration in history” tucked a small provision into the gargantuan “stimulus” bill whereby $6 million went to the media/polling firm of Mark Penn, who just happened to be a major player in the Hillary campaign. The ostensible purpose was to “save jobs”. The reported number of jobs “saved’ was a grand total of 3!! That’s right…3!! $2 million per job…not bad work, if you can get it!
However, the most interesting aspect of this is the fact that, by the most amazing coincidence, the amount owed to Penn’s firm by the Hillary campaign was $6 million!! Now that may not absolutely prove corruption, it certainly walks like a duck and quacks like a duck!
Yet our “watchdog” friends in the Mainstream Media keep telling us “move along, there’s nothing to see here!” And they wonder why fewer and fewer people pay any attention to them anymore….
Categories: General · Social Commentary