Recently, our new President, one Barack Hussein Obama, mentioned that people who wish to do business with his administration would be better served to spend no time listening to radio personality Rush Limbaugh. Well, actually what he said was “You can't just listen to Rush Limbaugh and get things done," which I take to mean what I said at the beginning.
There are more than a few problems with that.
First, it is perhaps the least Presidential thing I’ve heard for awhile. How is Obama concerning himself with the people’s business if he’s overly concerned about what a fully-marginalized radio talk show host has to say? I’d say that if he’s that concerned with Limbaugh, it may very well be that what Mr. Limbaugh has to say has merit, Obama knows that what he says has merit, and he’s scared to death of losing his grip on the tender coalition that he helped to create during this most recent election cycle, a la 1994. Perhaps Limbaugh and conservatism isn’t quite as marginalized as he would lead us to believe!
Second, does Mr. Obama have any background in American economics? Surely he recognizes that our economy is based in capitalism. Maybe he’ll read here, who knows? Just in case, here’s a brief lesson. Capitalism involves producing goods or services and then selling them at a rate that is over and above the cost of production (i.e., a “profit”). When businesses make a profit and thrive, they often need additional assistance (i.e., “labor”), so they hire people to assist them in their effort to advance the business and increase the profits of the enterprise. Some very successful businesses manage to hire thousands of people as the demand for their goods or services increase. This brings us to economic forces that determine how much a business can charge for their products; it’s called the Law of Supply and Demand. This principle is called a “Law” because, much like always-true forces of nature like gravity or motion, it’s principles never fail. Basically, it says that when supplies increase beyond normal demand, prices will fall in response and when supplies decrease below normal demand, prices will fall. Conversely, higher prices will cause demand to decrease and lower prices will cause an increase in demand. We saw a really good example recently in the petroleum markets. When gasoline prices rose to nearly $4/gallon, consumers reacted by either driving less or by purchasing more fuel-efficient transportation, the result of which was a marked decrease in demand for gasoline. The market responded by reducing prices and gasoline reached points that were around $1.50/gallon before the recent uptick in prices that were caused by a reduction in supply by oil producing nations. Contrary to what you may believe, Mr. Obama, the only role the government plays in this equation is determining the cost of production. If tax and tariff rates are high, businesses pass that cost of operation on to the consumers which drives prices up. Let’s review, shall we? Higher prices cause a decrease in demand, which means that businesses don’t need as much labor to produce their products. This means lay-offs to those of us who work for a living and a decreased tax base for the government. So, what should government do when a negative business cycle is experienced? Reduce taxes! The last time we saw this principle in action was the Reagan years, when Reagan pushed the largest tax decrease in history through Congress. Naturally, it led to economic prosperity that this country hadn’t seen in the previous twenty years! Kennedy did the same thing in the 60’s, leading to boom times during that period as well. Take a lesson from history, Mr. Obama; lower taxes before it’s too late!
Lastly, if Obama is concerned with the validity of his “big-government” principles or conversely, worried that the principles discussed by Rush Limbaugh have greater validity than those he espouses, why does he champion them in the first place? That answer is somewhat sinister and hard to imagine, quite frankly. Democrats know that their principles go against every accepted economic Law, but they push them anyway because they are masters of the nature of humans. Dems know that people are basically like electricity; they will travel the path of least resistance to their lowest state of potential energy whenever the opportunity arises! In other words, people are apt to take the easy way out if that is indeed a viable option. Dems have figured this out, so they tell people not to worry, let the government take care of it and danged if they don’t! Of course, no one really prospers on the largess of government, but you can get by if you know how to work the system. Pretty soon, of course, people forget how to fend for themselves and actually DEPEND on the government for their very existence. In America, where production and resourcefulness are rewarded and sloth is discouraged, this tenet goes against the very grain of American culture and economy! The solution, of course, is not MORE government, but LESS!!!
The sad part is that the poverty pimps LIKE it when people are absolutely dependent on the government for their very survival; it ensures their re-election.
LISTEN to Rush Limbaugh, Sean Hannity, Mark Levin, et al! They seem to be the only ones who have the best interests of the country at heart these days!
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