. . . to each according to his needs. Maybe the scariest clip I have seen of the American government in action.
So, as a professional, middle-class, white male, who has been on unemployment for 20 weeks now, I shouldn’t get any of the stimulus because I “don’t need it.” I would like to thank the Congressmen for letting me know what I need and don’t need. This is problem #1.
Problem #2 from the clip is the new New Deal. Government creating jobs is a pathway to disaster. This has been tried before, and failed. Something called the Great Depression, maybe you’ve heard of it. FDR tried to come up with a way to create jobs by building infrastructure and using government money (read: taxpayer money) to pay them. Now that the tax base is lower, the government now needs to increase taxes on private individuals, which drives the tax base even lower, which forces the government to increase taxes on individuals, and eventually you get to a point where the tax base is close to nil, and there is no longer any money to pay your infrastructure workers. This is not theory, this is not speculation, this is verifiable fact based on history. Specifically, history in the 1930s. The New Deal failed, and according to this 2004 UCLA study, actually prolonged the Depression.
The free market system must be allowed to fail from time to time. This is called market correction. When things like housing values skyrocket out of control, eventually that bubble must burst, and the industry takes a nose-dive, although it the dive would far shallower without the intervention of the government. The drop would fall just below their “correct” location, and see a minor spike back up to fall back in line with inflation. The democrats inflated the housing bubble artificially by forcing banks to take on high-risk loans in the interest of “fairness,” so that when this bubble burst, it was far worse than a normal market correction. The Federal Government needs to stay out of the housing industry, the auto industry, and every single other industry in the country. Let bad things happen from time to time, it is how people learn and adjust their behavior. Without the risk, there is no fear, and we can expect a lot more of this to happen before anything gets better.
But that was before the coronation of The One. He is here to make all things better, and will make sure it works this time, right?
At least the trains will run on time.