Updated 8/7/2011. Now that all the stimulus money has played its course, look around for signs of success. And also look for President Obama to ask for either another “stimulus” package or a QE3, or both. But that’s beside the point.
The point is the economic genius of our president, media malpractice, and how well the two go together.
Obamanomics began from a “social justice” footing. Simply put, social justice is a statist belief that the government must manage society in a way that guarantees outcome under the pretense of fairness. I don’t believe that is in the Constitution, but Obama doesn’t preserve, protect, or defend it anyway. He really wants to be America’s new founding father.
He manages society through taxation, taking money from those who have it (regardless of whether they have been born) and give it to those who want it. The fact that the recipients might want to keep the checks coming by voting to keep them in office is just an unintended? consequence.
While Americans that have lost their jobs are in the unemployment line, President Obama is working hard to keep his own. Having been to 37 fundraisers up to this point in time, it is clear where his focus is. Bush and Clinton had 10 and 7 respectively for the same length of time in their first term.
But now, Obamanomics has a new twist. The fact that there is no job creation going on is not because of the president’s policies or his class warfare, wealth envy, or anti-business tendencies. PBS and Obama blame it on businesses for not hiring people. Here is a quote from a short PBS article that took two people to write.
However, it’s been clear for months that President Obama’s ability to enact job-creating policies has been significantly restricted by politics and the business community’s refusal to hire in the face of depressed consumer demand.
Restricted by politics? Not hardly. Obama got all the stimulus and major policies he asked for. Neither PBS nor President Obama and his advisers understand free-market economics. Businesses don’t hire people so that someone will have a job. They hire people when they believe they would lose business if they did not hire. They hire people so that they can make money. Or to put it another way, businesses don’t hire people when business is down and there is no prospect of business getting better any time soon. But in Obamanomics, businesses should hire people so they will have a job.
So this is why taxpayers have to continue to fund PBS?
But wait, there’s more. Remember the first stimulus package? All that shovel ready stuff, rebuilding the nation’s roads and infrastructure. He sold it to the American people on the pretense that that’s what it was going to be used for. And they bought it. Now we know it was nothing more than a slush fund to give to state governments to support the public-sector union wages and pension plans. Knowing full well that that money would come back to the Democratic party in 2010 like it did.
Well guess what? Pretend all that infrastructure rebuilding never happened. Because in reality, it didn’t. That’s why President Obama will be hitting up the American people for more money to ostensibly do the same thing that he asked Americans to pay for a couple years ago. You know, back when unemployment was in the 6-7 percent range.
We also need to give more opportunities to all those construction workers out there who lost their jobs when the housing boom went bust. We could put them to work right now, by giving loans to private companies that want to repair our roads and our bridges and our airports, rebuilding our infrastructure. We have workers who need jobs and a country that needs rebuilding; an infrastructure bank would help us put them together.
The administration is counting on the short memory of the dumb masses and outlets like PBS to dutifully carry their water. Short of admitting they have it all wrong, they are left with no other choice.
Link: With Debt Deal Done, Obama Turns to Re-election Campaign | With debt deal done, Obama sees need now for new spending on bridges, roads, unemployment | Huffington: Nobody Believes Obama’s Top Priority Is Jobs; It’s Getting Re-Elected | I Will Not Rest