Wednesday, January 20, 2010

Economic Lesson

Shep Smith was talking to Chris Wallace on the show today. Shep asked how can the administration fix the economy and create jobs if the right side of the aisle won't vote for it. This shows a basic misunderstanding of economics. First of all the government doesn't create jobs unless your talking about expanding government. Government jobs don't help the economy, because that only moves money from one part of the economy to another. Second, assuming that the right won't vote for the left's solutions presumes that their solutions are the correct ones. All the administrations solutions so far have been government spending and regulations. The answer to fixing the economy and letting the private sector create jobs involves getting the government out of the way. Fixing the economy requires lowering taxes and everything the government has done has raised taxes or would raise taxes. That's why the right won't vote for the left's solutions. The solutions of the left are wrong. Why doesn't Shep ask why the left won't vote for the rights solutions? They just don't get economics or politics for that matter. Those of you who think Fox News isn't balanced, I give you Shep Smith and Chris Wallace as examples.

No comments:

Post a Comment