Tuesday, January 12, 2010

Insulted?

Don’t like being treated like a child? Bothered a tad that Obama thinks your stupid? You’re a Democrat to boot, yet you’re not insulted? Let us tell you why you should be.

We have known for years that gov’t spending cannot spark the economy. So have most reasonable observers, at least those not on contract to the NYT’s. We predicted mid-09 that BO’s package would be a complete failure, and why. Now it is clear we were right.

However, as the left has never read Einstein’s definition of insanity: "doing the same thing over an over again and expecting different results.," they are ready to do it again. Are they naive, or, is there something more? Is there mischief about?

In fact, most of BO’s cronies know better; that is, they know enough about economic history to know these things don’t work. But, they also know enough about the voter to think they can pull it off again. To the left, to sit still and do nothing - which is exactly what they should do - is simply out of the question. The economy, health, the climate, none of these is an end, all of them a means to their end - the opportunity to expand federal intrusion into the economy and the daily lives of all of us. Like Mac in Steinbeck’s In Dubious Battle, they will even sacrifice their own kind in the process.

July of ‘09 we wrote a series of sketches detailing gov’t intervention and its sure failure, especially focusing on "stimulus" spending. We recommend everyone take the time to review those sketches; there can be no better exercise in understanding reality around current issues. Apparently the AP did just that. Now, even they have has come around! They analyzed what was thought to be one of the healthiest parts of stimulus—spending on roads and bridges—and concluded that the billions in taxpayer dollars have had "no effect on local employment."

Last summer we were "dissed" by a Cornell econ prof. Yep. Robert H. Frank is a Cornell University econ professor and (surprise!) a columnist for the NYT’s. Here is what he had to say about those of us who opposed the so-called stimulus package: "The fact that stimulus opponents are far less numerous, have less distinguished academic credentials, on average, and are far less ideologically diverse than their counterparts does not guarantee they're wrong. But these factors should make rational consumers and investors less likely to side with them." My, my, my, now that hurts. But funny, haven’t heard peep from ‘ol Bob lately have we?

Our last sketch was entitled Fraud. Earlier we called this thing a tragedy. No longer. Fraud is literal, accurate, not hype.

Lawmakers are returning to Wash going into the 2010 midterm elections; job creation is the number one priority. The Dem’s count on the 1) lack of scholarship and 2) amnesia of the masses, esp members of their own party, to create another monster.

Don’t let it happen.

Robert Craven

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