It’s because the idiots in the press actually believe in these “progressive” economic nostrums.
[Update a while later]
Obamanomics is shovel ready:
Obamanomics favors top-down compulsory cooperation over voluntary. It is the anti-Reaganomics. Mr. Obama has done the following: (1) raised taxes, (2) unleashed a wild orgy of spending, including his disastrous so-called “stimulus,” (3) dramatically increased regulations and even nationalized industries and businesses, and (4) printed money out of “quantitative easing” thin air.
The results were predictable. Since the Obama stimulus – a collection of “shovel-ready” projects promised to save the economy – was signed into law, America has lost 1.9 million jobs and unemployment has surpassed 9 percent. GDP growth remains anemic. Consumer confidence has tumbled. Gas prices were at $1.81 per gallon before Mr. Obama put his “boot on the neck” of suppliers, and now it’s more than doubled, to $3.81. We burn our food supply in our gas tanks, and grocery prices have skyrocketed – some staples by as much as 40 percent. Since the president signed his mortgage rescue plan, Americans have seen 3.82 million foreclosures. Most disturbingly, the majority of Americans are receiving some type of welfare.
And yet they persist.
Thanks as always for the link!
It’s not just idiots in the press. A friend of mine (we were friends in college two decades ago, and now we’re just Facebook friends) who is an administrator at one of the big universities down in south Florida recently posted a Facebook update asking people to co-sign a letter from Vermont’s Bernie Sanders to the president, encouraging a “sock it to the rich” approach to balancing the budget. Some babble about “shared sacrifice.”
Obama’s efforts just need more time to succeed. Fundamental economic changes like he is attempting are generally tried in cycles of Five Year Plans.
Shared sacrifice? With over half of the population not paying income taxes?
Well, there should be shared sacrifice. It just won’t come from socking it to the rich continuously. At some point, half of the half that doesn’t pay taxes need to pay some taxes, so they’ll pay attention. Then you wouldn’t have Democrats passing tax benefits for corporate jet owners.
Well, the sacrifice will be shared . . . among the middle class.