Spending Towards Prosperity
Whenever the economy is “bad”, it is always the number one issue: it’s the economy stupid. So somehow, to get Obama’s policies implemented, he will have to couch them in economic terms. That the result becomes completely nonsensical hasn’t seem to have detered him.
President Obama’s latest push for health care involves economic arguments in favor of nationalized health care. Somehow, we are supposed to believe that we will all have cheaper and better healthcare if we simply federalize, bureaucratize, and computerize the healthcare system in the United States.
You might ask, are we really supposed to believe that shoveling money federal reserve notes into a vast new federal program will help the economy? I guess we are. Joe biden explains:
Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.
First, the admission that the US is going bankrupt is actually astounding for the Vice President to make. But, in attempting to explain the administration’s policy, he clearly demonstrates how absurd their plan to court public opinion is. All you have to do to prevent bankruptcy is spend more money! Let’s hope the administration doesn’t inspire any citizens to follow suit.
You can judge for yourself whether or not you think the following plan will incur economic advantages:
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- Tags: Health Care, Joe Biden, Obama Care
[...] It seems that if you are an economist, you can contort your mind into believing that spending causes wealth. Once you have accomplished this task, everything else seems to flow fairly easily. Pretty soon, you start to believe that governments should increase spending during recessions to boost the economy, and maybe eventually that we can spend our way out of bankruptcy. [...]