Friday, October 30, 2009
- Saved Or Created
All but the embarrassingly naive, or the devoted kool-aid drinkers know that the 'saved or created' line is a lie... a made up statistic endlessly repeated by the administration to make themselves look good. Imagine my shock and horror to discover that politicians lie.
But even if you drink the kool-aid then the "jobs saved" that the administration is talking about, are the jobs of state and local government workers. That part of the economy produces nothing. They add not at all to the living standard of Americans, so in the longest term, the money has been wasted.
And that's why I'm sick of hearing this particular lie. Even if it's the truth, it's actually a net on net bad thing. It's just another means of taxing the productive part of the economy, to support the unproductive parts. It's another attempt to insulate the bureaucracy from the effects of the economic downturn by making things worse for the private sector.
But that fact won't come out until after the media decides to wake up from it's Obama stupor.