How can we ever expect America's younger generations to preserve America's greatness when the president of this nation keeps preaching damaging economic myths and misguided moral lessons?
It's one thing for our elected representatives to express compassion for those facing difficult financial circumstances. It's another for them to elevate the receipt of unemployment benefits and other forms of government dependency programs to a virtue. And it's yet another for them to justify these wrongheaded policies with false claims that they actually improve conditions when they make them worse.
President Obama's policies of expanding the government and his practice of punishing work and rewarding non-work are creating a permanent drag on the economy and jobs and harming people in the long run far more than helping them.
But Obama persists in his propaganda. Just this week, he made the bizarre assertion that extending unemployment benefits "actually helps the economy, actually creates new jobs."
House Minority Leader Nancy Pelosi made the similarly ludicrous claim in December 2011 that extending unemployment benefits would add "600,000 jobs to our economy." Oh, ho, ho, it's magic!
Have you ever noticed that pointy-headed liberal academics and unctuous politicians espouse sophisticated-sounding theories to prove what common sense tells us is surely wrong?
Economists long ago concocted elaborate theories to enable their socialist inclination toward expansive government, such as that increasing government spending would trigger a multiplier effect on the economy and stimulate economic growth and jobs. Sadly, their currency is chalkboard calculations and predictions, not empirical data.
Obama trotted out these theories to promote his colossally wasteful stimulus package, his various infrastructure plans and his green energy boondoggles. Despite undeniable evidence that they have all failed and that his economy continues to tank, he acts as though his failures vindicate him and we are too stupid to know the difference.
As much power as Obama has unconstitutionally arrogated to himself, he still isn't powerful enough to create something out of nothing. When he increases deficit spending, he has to get those phantom greenbacks from somewhere, and usually it's from the private sector, which he is smothering. For every dollar he injects into the economy, he drains at least a dollar out of it. It doesn't take a rocket scientist to realize that if these magical economic elixirs worked, we would be in the middle of the greatest economic boom in our history. Case closed.
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