Let the Lying Begin

Posted by PITHOCRATES - September 8th, 2010

Labor Day has passed.  And you know what that means?  That’s right.  The kids are back in school.  But it’s not all good.  It also marks the beginning of the election season.  And the lying has already begun.  Well, it’s been going on since, well, the late 18th century.

The economy sucks.  There are no jobs.  But that’s no surprise, is it?  A Keynesian in the White House.  Keynesians in charge of both houses of Congress.   And if there is anything a Keynesian knows how to do is to kill an economy.

Andrew Mellon advised Warren Harding to cut taxes.  He did.  And we got the Roaring Twenties.  FDR gave us a decade long depression with his economic policies.  LBJ’s Great Society gave us, ultimately, the stagflation of the 1970s.  Ronald Reagan’s tax cuts gave us the ‘Decade(s) of Greed’.  The Left condemned the first decade.  But they praised the second decade.  Lucky Clinton.  Well, until that blue dress.

Keynes got it right.  Sort of.  You stimulate the economy with fiscal policy.  But not by tax and spending.  You stimulate by making the business environment more favorable for business.  This creates jobs.  Lowers unemployment.  And brings in great big piles of money to the government.

But what you will hear this election season is that we’re not going back to the failed economic policies of the past.  We’re not returning to ‘trickle-down’ economics.  And they’ll say that with righteous indignation.  Even though the economy was a helluva lot better with those ‘failed’ policies.  You know why?  Those policies work.  Their policies don’t.  But their policies give them more power.  Policies that work don’t.  And they know that.  So they lie.  To better themselves at our expense.

You’d think they’d be happy just to get the great big piles of money with a bustling economy.  But they’re not.  They want the power.  To satiate their great big egos.  And to establish themselves as a permanent upper class.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,