The economy is sluggish and job creation is almost non –existent. That means it’s time for politicians and government bureaucrats to control yet even more of our money – right?
If you really believe that government is the entity from whom all blessings flow, and if you really believe that politicians and government bureaucrats do better things with your money than you do, then yes – it’s time for more government control of our economy.
That’s what President Obama was calling for last week in his speech about “income inequality,” the buzz phrase of choice for 2014 among those who believe, as he does, that politicians can and do spend our money better than “ordinary” citizens. And with the President having established the phrase, its now up to like-minded liberals in the worlds of academia, media, entertainment and government to repeat that phrase incessantly between now and November’s elections.
That’s why it was no surprise to see University of California – Berkley Professor and former presidential advisor Robert Reich combine the President’s “income inequality” phrase with the disastrous employment report from December in an editorial that calls for – “shocking!”- more control of our economy by politicians! Mr. Reich won’t be persuaded to rethink his views, but his ideas will be reiterated all year by people who have no alternative ideas of their own, so be prepared to hear both the President’s and Mr. Reich’s rhetoric to be frequently repeated.
Below is a list of some of Mr. Reich’s plan, with accompanying details that he, and other “government knows best” liberals prefer to ignore:
Launch a major jobs program to rebuild the nation’s crumbling infrastructure: Mr. Reich is correct, that huge chunks of our nation’s infrastructure are “crumbling.” What he ignores is the fact that President Obama and the previous congress already launched what was promised to be a “major jobs program” to rebuild our infrastructure – it was called the “Economic Stimulus Bill.”
Remember Senator Obama’s promises of “shovel ready jobs” once he took office? That’s what the President’s stimulus plan, officially known as the “American Recovery and Reinvestment” Act, was supposed to have produced. It began with a price tag of $787 billion and ended up costing about $831 billion (note: only government can get away with miscalculating by $50 billion, not private businesses). Our infrastructure is still crumbling, but current and future generations of Americans are nonetheless saddled with the $831 billion in debt (and that isn’t including the interest).
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.
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