Monday, October 27, 2014

Hillary Economics 101

Hillary was stumping for Martha Coakley for Governor in Massachusetts and dropped the following stunner:

"Don't let anybody tell you that, uh, you know, that it's corporations and businesses that create jobs."

Really? Jobs - real jobs - are a function of wealth creation and government simply doesn't create wealth. The now defunct Soviet Union tried it for 70 years and ended up on the dust heap of history. Even "kinder and gentler" socialist countries like France, Greece and others are headed for the rocks for the same reason. 

No, what government does is take private wealth and put it to its own purposes, which all too often translates into worthless pork projects intended to get politicians re-elected. (See blog 10/25/14).  If it takes too much, then a society begins to decline, sort of like the U.S. is doing right now. 

Hillary is telling us that she will address this situation by, yup - having government "create" more jobs. Yah sure. Are you better off today than in 2009? Consider:

Real hourly wages have seen virtually no noticeable increase; real median household income is down almost four percent; and basic life necessities have seen an average of 10 percent price inflation. (In fact, milk is 25 percent more expensive, meat prices are 27 percent higher, and gasoline has jumped in price roughly 40 percent since 2009.)


As Abraham Lincoln observed, you can fool some of the people all of the time. Unfortunately, that number seems to keep growing and Hillary is going to do her best to prey on their ignorance. Democrat politics as usual. 

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