The Obama Jobs Tour: Hide the Decline in 09! officially kicked off in Allentown last week with more tour dates to be announced in selected swing states. Nothing like a slew of campaign rallies to jump start the economy. Well, at least those peddling anti-Obama merchandise might make out with some quick cash.
The tour is free, but as everything goes with Obama, the cost to America will be great in the long run. The president promised more jobs as soon as private companies start hiring again. Of course, private companies aren't going to start hiring so long as President Obama continues to pursue statist, anti-capitalist policies like government takeover of health care, crap and trade, higher taxes, and more government bailouts.
Obama's policies have destroyed at least four million jobs this year. That's how many people have been laid off since February. Yet he keeps insisting that he's saved jobs, that it would be worse if not for his policies. Is this provable? Absolutely not. That's why he makes the claim. Just like the global warming crowd has been fudging the numbers, Obama wants to hide the decline, to be judged by an imaginary, immeasurable, and arbitrary number instead of the actual proof on the ground. It's a brilliant political strategy because the media lets him get away with it, but it's a lie. The lie may make Obama look better, it might even make him feel better, but it does nothing for out of work Americans or the 10% unemployment rate.
Here's a reminder for brain dead Democrats who still fail to grasp economics. The government doesn't produce wealth and can't create wealth. They only confiscate it from the private sector. Oddly enough, the private sector is the only place where wealth is produced. When the government confiscates this money, the private sector loses capital it would otherwise invest in jobs, research and development, and expansion. So how do you encourage companies to hire, reduce unemployment, and boost the economy? Stop confiscating the money by cutting taxes. There's your answer, Mr. President, and it has nothing to do with another porkulus or making homes more "energy efficient", which are just some of the lame, useless ideas to come out of his jobs summit.
No matter how much money the government spends on "Jobs Programs" or temporary financial incentives like cash for clunkers, they are ignoring free market principles, artificially boosting demand at the expense of market correction, which is necessary for long term stability and growth. You might as well just light a match and have a big bonfire with all the money this administration has wasted on "economic programs" so far. It's worse than doing nothing, because we are literally digging a hole that ends in bankruptcy and a next to worthless dollar.
The more Obama spends on expanding state bureaucracy and saving bloated government jobs, the more he is ensuring higher taxes in the future, discouraging companies from hiring in the first place. Stop confiscating the money in corporate and income taxes, let those who earn the money spend or invest it, and watch the economy take off. You'll still get credit for it, Mr. President, and it works every time it's tried.
But I guess that's too much to ask from an administration whose economic advisors have almost no experience in the private sector. In fact, only 7% of Obama's economic advisors have actually worked outside of academia or government. Let's put that in perspective. The current unemployment level is higher than the experience level of the men Obama has put in charge of fixing it.
In his autobiography, "Dreams of My Father", the president referred to his brief stint in the private sector as "going to work behind enemy lines." Which poses an interesting question. If Obama considers the creation of wealth the enemy, how does free enterprise even stand a chance, and who exactly will Obama let hire who without government interference?
Hat tip: Stefan Deeran at BNET Intercom.