Economic "Recovery" Without Economic Growth |
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| Daily Dose of Reason - Politics & Government | ||||
| Saturday, 31 October 2009 00:00 | ||||
Somebody needs to tell the President that it's not economic "growth" if the money is taken from those who produced it and given to the more politically favored who did not produce it. For example, taking money from a hard working business person or a successful corporation and giving it to, say, ACORN, is not economic growth. The continuing high jobless rate demonstrates this all the more. There can only be economic growth when new wealth is created. Wealth is not being created in America.
It's being taken from those who earned it and doled out to those who didn't. Capitalism creates wealth. Socialism moves it around. You'd think by now that America would have learned the difference.
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Somebody needs to tell the President that it's not economic "growth" if the money is taken from those who produced it and given to the more politically favored who did not produce it. For example, taking money from a hard working business person or a successful corporation and giving it to, say, ACORN, is not economic growth. The continuing high jobless rate demonstrates this all the more. There can only be economic growth when new wealth is created. Wealth is not being created in America.
It's being taken from those who earned it and doled out to those who didn't. Capitalism creates wealth. Socialism moves it around. You'd think by now that America would have learned the difference.
