Saturday, September 10, 2011

Talk is Cheap, Mr. President

Here was that damned speech Obama gave the other night in front of both houses of Congress:

It's just a bunch of rhetoric.  Obama has no intention of creating jobs.

It's just a big con.

The claim by Obama and the rest of the political establishment that there is “no money” to fund real jobs programs or social benefits is a lie. The cash currently held by the giant corporations and banks is itself sufficient to wipe out the combined deficits of federal, state and local governments, and enough to hire every unemployed worker in America at a decent wage with benefits.
The liberal and liberal-left establishment predictably hailed Obama’s speech, presenting its combination of half-measures and social attacks as a serious jobs program. The New York Times called it “an ambitious proposal—more robust and far-reaching than expected.” The newspaper’s economics columnist, Paul Krugman, wrote, “I was favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected.”

He subscribes to the Friedmanite crackpottery of the Chicago School of "Economics."

Businesses are saying the plan is worthless because of a lack of demand.  Because there is a lack of demand, private industry can't spur it.  The government has to do it.

Unfortunately, since Obama is a neolib, he won't do one goddamned thing about it.

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