An op ed piece in the newspaper today made this even clearer:
Government intervention may look good to the media but its actual track record-- both today and in the 1930s--is far worse than the track record of letting the economy recover on its own.
Americans today are alarmed that unemployment has stayed around 9 percent for so long. But such unemployment rates have been common for years in Western European welfare states that have followed policies similar to policies being followed currently by the Obama Administration.
These European welfare states have not only used the taxpayers' money to hand out "free" benefits to particular groups, they have mandated that employers do the same. Faced with higher labor costs, employers have hired less labor.
Thomas Sowell, Hoover Institute, Stanford University
Taking money from people who earned it, filtered through the government, to give to those who have done nothing to earn it does not work. Never has, never will. But apparently it is a theory that liberals are not willing to give up on.
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