Obamanomic 101 by Andrew Klanan – Understanding how the Obama economy works
09/15/2012 3 Comments
About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
An excellent synopsis of Bastiat’s ‘The Law’ and Hazlett’s ‘Economics in One Lesson’. Unfortunately it is totally inaccessible to progressive thought, but perhaps it will illuminate an ‘independent’ to take a deeper look at free market capitalism.
I am reminded of a chat with two Israeli (one originally Russian, the other English/South African) software engineering friends at lunch a couple decades ago. I asked them, both very left of center, where wealth came from. They were both adamant… wealth is only created when the government spends money. The idea that a farmer creates wealth when he manages to harvest a crop that is worth more than the money it took to bring in, or that when we sold a piece of equipment that more than paid the bills we paid (including to ourselves) left them with blank stares. Crickets. Didn’t sink in at all.
One of them is now a senior executive muckymuck at Goldman Sachs. Reality doesn’t always line the pockets as effectively as a convenient fiction.
The universal Devout Democrat response when their nonsensical notions are de-constructed is blank silence. It is caused by their egos being inflated by said notions and to deny their notions is to deny themselves.
I wonder, do they all go to boot camp or training seminars to be identically programmed?