Tuesday, July 26, 2011

Liberals stunned to discover that "trickle-up economics" works about as well as the Stimulus, Cash-for-Clunkers and Obamacare

Remember when Democrats mocked "trickle-down economics" (shhh... forget that the Reagan revolution created an unprecedented 25-year economic boom)?

Remember when President Obama said that "spreading the wealth around" would create jobs and opportunity?

Well, turns out that crap -- like all of the Democrats' social engineering rhetoric -- was, for lack of a better phrase, an epic fail. Mmm hmm, like everything else the Democrats have touched.

The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.

These lopsided wealth ratios are the largest since the government began publishing such data a quarter century ago and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession that ended in 2009.

Say, Dems: how's that "Great Society" working out for you?

How are all of those social engineering programs, ostensibly designed to create "equality of outcome", doin'?

How's that Marxist class-warfare crap treating you?

Yo. We're Americans.

Do you know the race of those who pumped the fuel that transported your food to market? Do you know the religion of those who grew the wheat that became your bread?

No! And you don't care! The free market is the most advanced form of society ever seen on Earth; it has brought more happiness, more scientific and medical breakthroughs, more advancement for humankind than any other system!

Liberals: I encourage you to join the biggest tent of all: the freedom tent. Individual liberty, private property, the Declaration of Independence and the Constitution. Because free enterprise knows no color, no race, no religion.

What is the alternative? Do you prefer a failed, European-style socialist state bent on incessant deficit spending? Do you like the riots in Greece? Because that's where the Democrats are taking us.

If you want a future for your children, as I do, you'll join us.


Andrew said...

The reason that the spread between the races is so large is because they're comparing Household income. White Households have largely shifted to 2-income households. Other races continue the slide into single-parent led households. Any statistic that uses Household income isn't telling the whole story and compares apples to oranges. I'd like to see the same statistic using per-capita income. I learned that little tidbit from reading Thomas Sowell's book Economic Facts and Fallacies.

Anonymous said...

Spreading the wealth around - but just to our friends! If Obama's efforts to destroy this country continue to succeed, he may manage to be the Last American president...