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Jim Cook

THE GREAT SWINDLE

Never before has it been clearer that our social and economic future will be disastrous. The trend is not our friend.  Most recently our loose money and credit policies created an unsustainable boom that turned into a bust.  Attempts to reignite the boom aren’t working and the failure of welfarism in Europe threatens to capsize world economies....Read More »

The Best of Jim Cook Archive

 
Best of Arnold Ahlert
December 9, 2010
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Bottom Line:  This nation needs jobs.  Every other consideration pales by comparison, and yet these ideological martinets refuse to let go of their agenda, even as the sun is sinking on their progressive universe.  In fact, their only response to this crisis is to insist that unemployment benefits be extended pas the already breath-taking span of 99 weeks – because failure to do so will affect up to three million unemployed Americans.  Americans who remain unemployed due to a Congress and Obama administration which fiddled with a health care bill for over a year-and-a-half while the economy was still burning to the ground.  Even now Democrats want to do the extension – as in spending more money we don’t have – without making any offsetting cuts to the deficit.

How are they framing the issue?  The inimitable Ms. Pelosi:  “Unemployment insurance, the economists tell us, returns $2 for every dollar that is put out there.  People need the money.  They spend it immediately for necessities.  It injects demand into the economy.  It helps reduce the deficit.”

Think about the level of stupidity embodied in that quote.  And it is awesomely stupid, when one takes it to a maximum extrapolation.  If what Ms. Pelosi contends were truly the case, wouldn’t it make sense to put every American on unemployment insurance?  According to the Speaker of the House, that would literally double our Gross National Product.  And let’s not forget the additional “upside:” no one would have to work.

Perhaps such progressive insanity would be understandable if it was occurring in a vacuum.  But it is not.  Europe, further down the same progressivist road the Democratic party wants the United States to travel, is one country away (Spain) from fiscal chaos, and a continent far more used to a bottomless government gravy train – which has run out of gravy – is exploding.  So why do Democrats insist on emulating them?  Americans need reminding that behind the progressive ideology which animates the likes of Barack Obama, Nancy Pelosi, Harry Reid, et al, is a level of conceit and arrogance of almost unimaginable scope.