Anonymous comments

I think if I hear one more time that President Obama is trying to be the grown-up in this debt-limit debate, I’m going to vomit.  In a world, where everyone agrees that the biggest problem in the economy is the 9.2% unemployment rate, I cannot understand how anyone could think that siphoning further profit from already anemic business activity could be a good idea.  Real jobs are created in pursuit of real profit.  The harder it is to keep the profit, the less inclined a potential employer is to create the job. 

President Obama’s oracle, Paul Krugman, would have us all believe that more stimulus, not profit, is needed to create jobs.  Krugman once predicted that the unemployment rate might get as high as 8% if we did not engage in a massive program of stimulus.  On this, I think we may be in partial agreement.  Had the Government not frivolously wasted untold billions on such “shovel ready” projects as $7 million per customer rural internet connections, we might have an unemployment rate as low as 8%.  But in the real world where Krugman and the Federal Reserve conducted a nearly perfect experiment in Keynesian economics, the “cure” seems to have actually made the problem worse.  We could have saved billions and stopped unemployment at 8%.  The experiment failed.  We “invested” trillions in deficit spending.  Not only do we not have a return on our investment, the investment principle is gone like so many Madoff accounts.

Now President Obama has found religion.  Instead of deficit spending being the cure, he now agrees that it’s the problem.  He’s a teetotaler who hasn’t even poured the whiskey out of his coffee cup before he begins ranting about the evils of drinking.  Even using very rosy economic assumptions, President Obama’s last budget proposed a path towards increasing budget deficits as far as the eye can see.  The “solution” to the budget deficits, which were created in part by unrestrained entitlement spending and dubious stimulus “investments, is to raise taxes, according to President Obama.  This is the “balanced” approach.

If you invited hippopotamus to your office, it would crowd out much of your productivity simply because it requires so much effort to work around it.  The Government-hippopotamus takes up more than 25% of the room in the private sector before it begins munching on all of the borrowed money.  It is the very size, breadth, and reach of the Government which crowds out the economic activity needed to create more jobs. The solution is not to give the hippopotamus more tax money.  The solution is to increase the size of the economy and/or shrink the hippopotamus.  But in the Obama administration, the solution to every problem involves a fatter hippopotamus-even when the problem is that the hippopotamus is already eating us out of house and home.

I suspect this anonymous editorial was submitted to me by a senator or congressman because they are often quoted anonymously in order to keep the substance of their meetings secret.

Join me and the senator in my fire Obama campaign.