Obama's Inheritance And The Key To An Economy Based On Spending

Wednesday, April 14, 2010

I often wonder how far whining about inheriting a recession will get President Obama. Even some Liberals I know say that if things don't turn around in a big way in the next year then even they will have to turn on Obama.

It's no secret that we are an economy based largely on spending. You spend money on businesses and services, the businesses make money to pay employees and expand to create jobs. There's a profound difference in what kind of spending is healthy for out economy and it is a major difference between Liberals and Conservatives.

Liberals of the Obama mold think that it's government spending that can help a sick economy, Bush felt the same way. Obama can claim that he inherited a recession, fine. Bush's government spending didn't seem to help though so it doesn't make much sense that Obama expects spending far more money will.

The argument about a healthy economy as far as most everyday folks comes down to rests on pretty much one issue, jobs. If you have a job the only other issue becomes whether you make enough money to provide for your family.

Taxes need to be as low as possible so that you take home as much as possible. The more of your money you get to take home, the more you'll be able to spend. Conservatives understand that if you get more of the people's money into the people's own hands then they can spend more which helps our economy.

It's not government spending that helps our economy as progressives believe. If that were true then all of the past bailouts and stimulus packages would have the economy roaring back to life by now. The reason it hasn't is because even though the government has kept right on spending, we have all had to cut back our spending.

If you can't get a job then you have to rely on government assistance to spend any money. If you lose your job you need unemployment, welfare etc. That money has to come from taxes paid by people who do work.

It's pretty simple, if you don't create private sector jobs, (you know, the kind where you don't work for the government, remember those?), then you don't create tax payers that aren't also being paid by those same taxes. The creation of private sector jobs will increase the tax payer base, while not paying those workers with that same tax revenue. The result...INCREASED GOVERNMENT REVENUES.

Look it up, it's historically accurate, that's why so many liberal teachers refuse to stress the positive result of lower taxes despite so much evidence that proves it. Look at the Great Depression. FDR spent more money than ever before and made taxes astronomically high. After 2 terms unemployment had gone up and we were still enduring the Great Depression. That's 8 years of failure and it took a World War to turn unemployed into soldiers and unite the country behind a common cause, winning.

The New Deal gave us social security etc. and now we the back of our country is breaking due to some of those very same programs. Even some of FDR's own "brain trust", FDR's top advisers, began to turn on his spending after several years. The problem is that so many have been given this distorted view of how wonderful the New Deal was, (forgetting that even the supreme court declared much of it, like the NRA, unconstitutional in time).

Obama and modern day progressives stick to these stimulus and other spending programs because they have the belief that it will have the same effect as the New Deal. Well.....IT IS!!! The reason all of these wonderful programs aren't working is because they are cut from the same cloth as the New Deal and the New Deal didn't work.

Cut spending, cut taxes, encourage businesses (rather than vilify them), and create lasting private sector jobs and we will defeat this recession. Do the opposite and we will most likely see a depression that will one day be called The Greater Depression, far more people hurt, far more money spent, far more disastrous economic effect of a far more disastrous government than ever before.

Notice I said "disastrous government" not disastrous president, there's plenty of blame to go around from both parties and recent presidents. I'd like to close with some quotes from some other president's and government officials you may or may not have heard of.

"To relieve the misfortunes of our fellow creatures is concurring with the Deity; it is godlike; but, if we provide encouragement for laziness, and supports for folly, may we not be found fighting against the order of God and Nature, which perhaps has appointed want and misery as the proper punishments for, and cautions against, as well as necessary consequences of, idleness and extravagance? Whenever we attempt to amend the scheme of Providence, and to interfere with the government of the world, we had need to be very circumspect, lest we do more harm than good" - Benjamin Franklin

"The utopian schemes of leveling [redistribution of the wealth], and a community of goods [central ownership of all the means of production and distribution], are as visionary and impracticable as those which vest all property in the Crown. [These ideas] are arbitrary, despotic, and, in our government, unconstitutional" - Sam Adams

"Sometimes it is said that man cannot be trusted with the government of himself. Can he then be trusted with the government of others?" - Thomas Jefferson

"Fellow citizens - a wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities." - Thomas Jefferson

"If I may, let me explain the situation and what it is we were trying to do with Social Security. I have reneged no pledge. I said during the campaign that we would do nothing to hurt those presently dependent on Social Security checks - that we would not pull the rug out from under those people so dependent. I did say that I would try to restore the integrity to the program. As it is now, the program without change will run out of money for paying benefits to the present recipients sometime late in 1982. Beyond that, however, there is a long-range actuarial imbalance which means that down the road in the next century, but within the lifetime of younger workers today, the program will be several trillion dollars out of balance." - Ronald Reagan

"Taxes are paid in the sweat of every man who labors because they are a burden on production and are paid through production. If those taxes are excessive, they are reflected in idle factories, in tax-sold farms, and in hordes of hungry people, tramping the streets and seeking jobs in vain." - FDR on the campaign trail in 1932

"I regard reduction in Federal spending as one of the most important issues of this campaign. In my opinion it is the most direct and effective contribution that Government can make to business." - also FDR in 1932"

FDR spent more money than all previous presidents combined! It's funny how candidate FDR seemed to know what president FDR forgot, remind you of anyone?

"The suggestion that the voter must cast his ballot for Democratic candidates if he is to be permitted to share fairly in the future distribution of federal money's is an interesting but brazen attempt to corrupt the voters of the nation through the use of their own money." - John Hamilton - former Republican national chairman

His charge is a description of how FDR was disproportionately using New Deal money to influence votes in favor of Democrats.

"Politicians of whatever party seem unable to rise above the temptation of using government expenditures as reasons for persuading voters" - Henry Wallace - FDR's secretary of agriculture

4 months before the '36 election FDR hired 300,000 men through the Works Progress Administration (WPA). In the month after the election 300,000 were fired. Talk about buying votes.

"No depression can be ended by gifts, gratuities, doles, and alms handed out by the Federal Treasury, and extorted from taxpayers that are bleeding at every pore." - Thomas Gore, I know what you're thinking....who? He's a former Oklahoma Senator during the New Deal.

"The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit. It is inimical to the dictates of a sound policy." - FDR

What the hell happened to this FDR?!! How come you don't hear enough about candidate FDR and only get sold a falsehood of how great President FDR was. He may have been a great wartime president, (he was since he fought to win and we won), but he was an economic disaster for this country.

"To be on relief for a few months was a boon to be extended by a great government to a patient people. But to be told that you are to be on relief for the rest of your days is to destroy the hope and, therefore, the morale of the people." - Joseph Ely, former governor of MA during the New Deal

Good old Massachusetts. Key word being "old" Scott Brown is a plus but modern day Massachusetts usually sucks. At least we had the tea party today though.

"Federal aid, encourages the expectations of paternal care on the part of the government and weakens the sturdiness of our national character." - Grover Cleveland

Ignore everything you just read though because President Obama is a genius and went to Harvard, so did Bush by the way. As you can see they are both much smarter than all of these old fashioned former politicians just look at the results of their programs.


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