This Isn’t Kansas Anymore, Toto.
By: Brooks A. Mick
An article by Mortimer Zuckerman in the Wall Street Journal caught my attention today. He puts on paper a long string of correct statements. One of them was this: “The country isn’t really advancing. By comparison with earlier recessions, it is going backward.”
Truer words never spoken. But…(as Bill Cosby once said, “And that’s a heavy but…”)
What I’d really like is for Mr. Zuckerman to ‘fess up about how his own liberal proclivities, which alternate with his conservative mode, have contributed to the problem.
For example: “And last year’s anemic growth looks likely to continue. Sequestration will take $600 billion of government expenditures out of the economy over the next 10 years, including $85 billion this year alone.”
NO, IT WON’T TAKE MONEY OUT OF THE ECONOMY! Decreased spending means the government will have to borrow less, so any money not spent through sequester is more than compensated for by not sucking it out of the private sector through taxation or borrowing. If Mr. Zuckerman believes in Keynesian econonic and political philosophies, he’s just another part of the problem. And he is. This article is a series of blazing insights into the blatantly obvious, and yet he can still say, with a straight face, that decreased government spending takes money out of the economy. Amazing.
Another indication of his basically liberal nature when it comes to government policies: “(Obama’s) Job training programs are sensible…” Yeah, right, because the government is so good at that sort of thing. Aren’t they now running training programs for buggy-whip manufacturing jobs? Or something equally stupid? And it’s not as if there aren’t already multiple overlapping and duplicating job training programs in the country.
Come on. Take a firm hold of reality, Mr. Zuckerman. It might seem strange at first…Repeat after me: “A big government and big spending are not helpful to the private economy. A big government and big spending are not helpful to the private economy. This isn’t Kansas anymore, Toto.” Keep repeating. Maybe it will sink in.
“Conservatives” like Mortimer Zuckerman are a major part of the problem.