No one is arguing that when the federal government confiscates money from one sector of the economy and gives it to another, re: stimulus, there may be a temporary result. Cash for Clunkers was herald as an immense success by the liberal media, yet they did not mention that during the following fiscal quarter car sales dipped considerably.
In other words, people who were planning on buying cars, bought them a little sooner, because the government was giving away money. It did not create jobs, engender businesses to hire more employees or do anything of a sustaining economic nature that would assist in leading our country out of a formidable economic morass. It was less effective economic policy than it was pop magic.
A similar situation occurred with the first time home buyer incentive. Once again, the government confiscated, taxed and then gave monies from one group to another, in an effort to spur home buying. A blip on the housing screen does not translate into a trend; it only reflects the temporary effects of redistributing money. There is also the poorly managed and ultimately impotent Obama Mortgage Assistance Plan.
What the Obama administration does not understand is that business owners do not like uncertainty. They especially do not like massive new legislative initiatives that create fear of new taxes, such as the Obama Heathcare bill. As an act of self-preservation, small and large businesses alike would rather remain in a holding pattern and hoard their cash, rather than even remotely consider growing their business in a climate which they feel, more and more each day, is anti-business.
One of the ironies of the Obama administration, and one of the reasons for the perennial appeal of Ayn Rand’s books, is that Liberals never seem to take stock in “Where the money and jobs come from”. It’s almost as if these educated, beard-stroking intellectuals that Obama has surrounded himself with have truly no clue regarding the amount of risk and effort that is involved in starting, maintaining or growing a business. The money just magically ”appears” and, as such, must be brutally taxed and redistributed to people who do not create jobs, risk their own money or start new businesses. (All of the latter being the stuff jobs come from, in case you were unsure).
Do you see where this is all going? Apparently much of the electorate does, too, as evidenced by virtually any poll one has looked at in the past several months.
When you take from the Haves and give to the Have Nots, you have a fairy tale and a very unhealthy economic model.
Be advised, it is often said that Robin Hood took from the rich and gave to the poor. That is not entirely true. In the actual story, Robin Hood took from the daunting and confiscatory British tax collectors and gave back to those who, frankly, were just trying to make a living.
Apparently, even fairy tales are not safe from Liberal rewrites. Vote in November and pay attention to your representatives.
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