Telling the stories that the mainstream media no longer tell.

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 14 other subscribers

Archives

Categories

Follow me on Twitter

May 2015
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Voodoo Economics Pt 2: Government Doesn’t Create Jobs

Biden_Obama
Joe Biden und Barack Obama in Springfield, Ill...

Joe Biden und Barack Obama in Springfield, Illinois, right after Biden was formerly introduced by Obama as his running mate (Photo credit: Wikipedia)

In a recent report, the Congressional Research Service revealed that welfare spending has increased by 33% under Barack Obama, topping out at over $1 Trillion annually. As I pointed out in my previous post on the report, baseline spending on social programs has deliberately been driven up by the Obama administration, despite (or perhaps due to) the fact that they have failed to pass a budget in nearly four years.

Table 2 in this report revealed something that should be obvious, but is lost on Keynsians and the bureaucrats who rely on their arguments to justify their existence. A classic argument from the Left is that in order to fix our economy, we must invest in education and job training. The logic goes a little like this:

  1. Train unemployed people for a new job
  2. Tax corporations and the rich to pay for it
  3. Funnel the money through government bureaucracy
  4. ???
  5. NEW JOBS ARE CREATED!

For those of us living in the real world, it seems obvious that merely increasing the pool of available workers might not be sufficient to create jobs. In fact, the Employment and Training section of Table 2 reveals just that:

Click here to read the full post.

Enhanced by Zemanta
Similar posts

1 Comment

  1. oldsalt1942's Gravatar oldsalt1942
    December 10, 2012    

    And yet you all believed Romney was going to be able to create 12 million jobs if HE was elected president. More right-wing bullshit.

This site sponsored by:

YOU! Your message could reach thousands of online consumers. Click CONTACT to inquire about advertising rates.

Paid advertisement

  • Today’s Top 3 International Stories: Syria, Libya & Mali May 21, 2015
    1) ISIS has gained control of the Syrian city of Palmyra. The Syrian Observatory for Human Rights says Islamic State now controls half of the country. 2) New fighting in Libya has killed 10 people and wounded 40. The dual governments in the country continue to clash violently, with the added presence of ISIS terrorists. […]
  • Today’s Top 3 International Stories: Nigeria, North Korea & Iran May 20, 2015
    1) Nigeria is attempting to crack down on Boko Haram, the military destroyed 10 of the terrorists’ camps in the past week. Women who have escaped the militants have described rape and abuse for those captured.   2) North Korea claims to have developed the ability to miniaturize nuclear weapons (to fit on a missile). […]
  • Today’s Top 3 International Stories: Burundi, South Sudan & Macedonia May 20, 2015
    1) International partners in the West and in Africa have continued to put pressure on Burundi’s President P to delay elections. He has finally opted to push back the date of the vote, but only by one week. Protests have continued, police have responded by beating demonstrators and using tear gas. Shots were also fired near […]
  • Miss Uncongeniality May 22, 2015
    There it was—the classic Hillary charm. Close to a month had passed since the Democratic frontrunner answered questions from the press. So this week, when reporters were invited to gawk at the spectacle of Clinton sitting with “everyday Iowans,” Ed Henry of Fox wanted to know: Would the former secretary of state take a moment to […]
  • A Musical For an American Century May 22, 2015
    The original An American In Paris—well, not the original original, the musical composition by George Gershwin—but the original 1951 movie, starring Gene Kelly, was thematic cotton candy, the high grade stuff that Golden Age Hollywood produced in its better moments. It had some technical daring, sure—the hallucinatory ballet sequence at its conclusion strained the boundaries […]
  • The Clintons and the Sultan of Brunei Have a History May 22, 2015
    In words spoken from the Sultan of Brunei’s lavish Empire Hotel in 2000, President Bill Clinton told reporters that his post-presidency would be about making money: “Now I have a United States senator to support, I understand that’s an expensive proposition.”
  • Spend More or Less on Infrastructure? May 21, 2015
    USA Today thinks the federal government needs to spend more on infrastructure. An opposing view suggests that most of any spending increases would go for unnecessary new projects, not for repair of existing infrastructure. Certainly, something must be done about the impasse over the federal transportation bill. But increased spending isn’t necessarily the solution; we […]
  • Two-Month Extension for Highways/Transit May 20, 2015
    The House of Representatives
  • Purple Line Decision Near May 18, 2015
    Maryland Governor Larry Hogan says the $150-million-per-mile cost of the proposed Purple light-rail line between Bethesda and New Carrollton is “not acceptable.” The Maryland Department of Transportation thinks that it can reduce the cost by 10 percent, but that probably isn’t enough, considering that Hogan wants it to be “dramatically lower.” Hogan promises to make […]