The Republican fun and games were last week in Tampa Bay, Florida and this week we will be entertained by the Democrats in Charlotte, North Carolina. I’m guessing that we will be hearing a lot of anti-free enterprise rhetoric. However, we can expect Obama & Company a little more circumspect with their choice of words. It is doubtful we will hear “If you have a business, you didn’t build that”. No, we can expect them to camouflage their message just a tad. Obama is probably still full from eating his Roanoke words. But, no doubt we will hear about how Obama wants to help the middle-class grow the economy instead of the failed Republican approach of trickle-down economics that only benefits the rich. We will get into that subject more in a moment.
First, I think we all should take a moment of silence and consider how fortunate we are that Obama is so inept. As much harm as Obama did to our country in the last four years with OnamaCare, Dodd-Frank, driving up all energy costs for Americans and hundreds of thousands of new job killing regulations he really could have done much more damage during those first two years when the Democrats controlled the House and had a filibuster proof control of the Senate. The kool-aid drinkers at Huffington Post recognize how inept Mr. Obama has been and they are frothing at-the-mouth mad about it. The Huff-Po article can be more correctly described as a tome. And, this humble observer must admit that he did not get through more than a third of it. That was enough to scare the you-know-what out of me. For example, they believe that Obama should have asked for a stimulus package of 1.8 trillion dollars instead of the 800 billion he did ask for and get. (My number four and dollar sign key is not responding.) Imagine that! Because the 800 billion became came part of the base-line budget and was included in each of the Continuing Resolutions, Obama has actually spent 3.2 trillion dollars in his stimulus program. What the kool-aid drinkers suggested would have added up to 7.2 trillion dollars and our national debt would now be 20 trillion dollars instead of 16 trillion dollars. That is scary!. Very, very scary. The Huff-Po crowd think that Obama didn’t go nearly far enough with his ObamaCare. My interpretation of their words is that they wanted universal government paid for health care for everyone. They are also unhappy that Obama didn’t push through the Employee Free Choice Act so we could have more union thugs destroying the economies of cities and states and of the economy in general. So, I repeat: we should be very grateful that Barack Obama is so inept.
Now back to today’s theme. I am looking forward to hear how Obama and the Democrats are planning to grow this economy and create jobs through the middle-class because they believe in bottom-up economics and not top-down economics.
“We can’t afford more top-down economics. What we need are policies that will grow and strengthen the middle class.” — Barack Obama
That Obama quote is how Steve Conover starts his American Enterprise Institute article. In this well written and short article, Conover dissects the misconceptions that the Obama left are intentionally selling to the public.
“Top-down economics” is a hijacked phrase. Objectively, it should be the label assigned to rule-of-czar capitalism steered by government officials. Instead, campaign rhetoric has been assigning it to rule-of-law capitalism driven by consumers and entrepreneurs—supposedly a system steered by the already-rich, in which money gradually trickles down to the middle class.
As vivid as that image may be, it is a false depiction of what really happens in a properly functioning private sector. But once the false image captures the attention of enough voters, it’s a simpler step for political entrepreneurs to sell themselves as the better alternative—simpler, that is, than having to compete against the way a vibrant private sector actually works.
Entrepreneurs cause money to gush outward, not to ‘trickle down’
Please find time to read this short article. Conover has good definitions of Bottom-up and Top-down economics, which are NOT the same as rule-of-law free enterprise.
So, I want to hear this week how the Democrats plan for the middle-class to grow our economy. The same middle-class that is struggling these past years to make ends meet and who have less and less discretionary income to spend. How exactly is this middle-class going to spend us to prosperity? We can bet that Obama & Company are going to continue to sell the myth that free enterprise and social welfare redistribution can co-exist. They can’t! There is no way on God’s-Green-Earth that a viable free enterprise can generate enough revenue to pay for all of the redistributive entitlements that the progressive-liberal-socialist-Maxrists want. There is not enough of other people’s money to go around. Anyone who is paying attention need only look at what is happening in Europe. They are running out of other people’s money and we will too. The German’s export driven economy (the strongest in Europe) is still growing, but it is slowing down significantly. Germany has already cut many of their entitlement programs and they are going to have to cut more.
Obama and the Democrats are counting on the ignorance of the average American voter. They believe th average American voter pays no attention to what is happening in Europe and they are betting that the ones who have seen what is gong on there will not understand why it is happening. Like all socialist for the last hundred years, they believe they can get it right where everyone else has failed.
It is the prime job of the Romney-Ryan campaign to educate the voting public. How hard can it be to put together some good ads that explain that Spain, before 2008, was booming and their people were living the good life with free health care and early retirement with excellent pensions and all their bureaucrats were highly paid. And now. Spain has about 27% unemployment and 53% of those under the age of 25 are unemployed. Spain is having to raise taxes on their citizens at a time when their economy is shrinking. That is what America can look forward to if we don’t throw the current bums out and elect Romney and Ryan.
Well, that’s what I’m thinking. What are your thoughts?