- Vote 'NO!' to Government Regulation of Privacy at The Economist
- FCC Stalls on Internet Regulation; Asks for More Comments
- Why was the Volcker Commission Constrained by Obama’s Tax Pledge, but not the Simpson-Bowles?
- Daily Media Spotlight September 2, 2010
- Harry Reid Looks to Resurrect RES During Lame-Duck
- Calculating the Cost of Government (CFA Site »)
Thursday, September 2, 2010
- Daily Media Spotlight September 1, 2010
-
Obama Tax Commission Report:
Baby Step Toward IRS Tax Preparation - Dina Titus Launches False Attack Ad on Joe Heck and the Taxpayer Protection Pledge
- Indiana LaunchesTransparency Website (CFA Site »)
- Rally for Jobs Kicks Off Today in Texas
Wednesday, September 1, 2010
- Daily Media Spotlight August 31, 2010
- Let us All Join in on the NOT so “Green Cause”
- California Bag Ban Bill Up for Vote Today
- Norquist to Gov. Pat Quinn: Pick a Flawed Income Tax Hike and Stick With It
- Phil Moffett Signs Taxpayer Protection Pledge in Kentucky Gubernatorial Race
- New Mexico Sets Trends in Transparency Websites (CFA Site »)
Tuesday, August 31, 2010
- Robert Gibbs’s Fuzzy Tax Hike Math
- Daily Media Spotlight August 30, 2010
Monday, August 30, 2010
- 2011 Could Be Ugly for Nevada Taxpayers
- Lame Duck Governor Ed Rendell Not Going Gently Into That Good Night – New Call for Higher Taxes
- Happy Cost of Government Day, California
- Bay Staters Spent 239 Days Paying for Government Burdens in 2010 (CFA Site »)
- Washington Welcomes Cost of Government Day (CFA Site »)
Friday, August 27, 2010
- Spill Commission Should Lift Moratorium Which Has Cost Gulf Residents 12,000 Jobs and $2.1 Billion
- Daily Media Spotlight August 26, 2010
- Why is Dan Onorato Knowingly Misleading Pennsylvania Voters?
- Unions plan on spending big this election cycle
- Utah Tobacco Sellers Feeling the Impact of Tax Hikes
Thursday, August 26, 2010
- Daily Media Spotlight August 25, 2010
- WI Democrats Launch “Blatantly False” Attack on Sean Duffy
- Unions plan on spending big this election cycle (AWF Site »)
- Philly's New Blog Tax May Foreshadow Other eTaxes
- BNA: For 14 States, Existing Tax Code Leaves Room for Etax (Stop eTaxes Site »)
- Philly's $300 Blogger Tax (Stop eTaxes Site »)
- Cost of Government Day Arrives in the Commonwealth
- Pennsylvania Finally Celebrates Cost of Government Day
Wednesday, August 25, 2010
- California Budget Proposal Advocates eTax (Stop eTaxes Site »)
- Daily Media Spotlight August 24, 2010
Tuesday, August 24, 2010
- Daily Media Spotlight August 23, 2010
- Government Workers' Pensions are Underfunded by $3 Trillion
Monday, August 23, 2010
- Fourteen Ways to Reduce Government Spending
- FCC Report on Broadband Performance: A Scare Tactic
- Sen. Al Franken Doesn’t Understand Wireless Networks...or the First Amendment
Friday, August 20, 2010
- Daily Media Spotlight August 19, 2010
Thursday, August 19, 2010
Ready for More Hope and Change?
From Sandra Fabry on Tuesday, December 8, 2009 10:35 AMThe following was originally posted at www.fiscalaccountability.org:
We've said it over and over again - the Administration's job counting metric of counting "jobs saved and created" is bogus, and the "stimulus" has failed. But it can't hurt to say it again, especially in light of the President's speech at the Brookings Institution later this morning, in which we can expect him to call for more "stimulus"-like measures without calling them that. And he'll likely tout the "progress" that has supposedly been made, when reality paints a different picture with unemployment now significantly higher than before the "stimulus" was passed.
Thomas Sowell discusses the President's flawed approach to job creation on Townhall today.
He argues (along the lines of what we, and many others, have been pointing out):
What does it take to create a job? It takes wealth to pay someone who is hired, not to mention additional wealth to buy the material that person will use.
But government creates no wealth. Ignoring that plain and simple fact enables politicians to claim to be able to do all sorts of miraculous things that they cannot do in fact. Without creating wealth, how can they create jobs? By taking wealth from others, whether by taxation, selling bonds or imposing mandates.
However it is done, transferring wealth is not creating wealth. When government uses transferred wealth to hire people, it is essentially transferring jobs from the private sector, not adding to the net number of jobs in the economy.
If that was all that was involved, it would be a simple verbal fraud, with no gain of jobs and no net loss. In reality, many other things that politicians do reduce the number of jobs.
Unfortunately, none of this is resonating with the Administration, and we can expect more of the same Keynesian experiments:
Constant government experiments with new bright ideas is another common feature of Obama's "change" and FDR's New Deal. The uncertainty that this unpredictable experimentation generates makes employers reluctant to hire. Destroying some jobs while creating other jobs does not get you very far, except politically. But politically is what matters to politicians, even if their policies needlessly prolong a recession or depression.
Leadership in the House of Representatives is expected to stuff parts of their "jobs initiative" aka "stimulus II" into one of the remaining appropriations bills later this week or next.
Are you ready for more "hope and change"?
Permalink | Email | Print | Tags: CONGRESS, SPENDING, OBAMA, STIMULUS, CFA














Comments
Why does it sound so obvious when Thomas Sowell writes it, but so many people still don't get it? You can't take money from one person, give it to another and create anything. If you take my dollar and give it to your friend, there is still one dollar. Actually there is less because if you are the government you take my dollar, keep 10% for yourself, lose 70% in the system someplace, and then divide the remaining 20 cents to your friends. So you start with $1 and end up with much less than $1.
>> TCH Tuesday, December 8, 2009 11:45 AM Report Comment