Sunday, November 23, 2008

Why Obama's Economic Program Will Collapse

By Gerard Jackson

Obama wasn't kidding when deferred to FDR as an economic guide. Roosevelt was an unmitigated economic disaster. His economic program of trying to maintain money wages and prices was a formula for mass unemployment. Nevertheless, the brilliant Mr Obama sees it otherwise: hence his dangerous proposal for public works of the Roosevelt kind plus his ridiculous promise to create 2.5 million jobs.

Let's first deal with the job situation. That maggot-infested carcase that we call the mainstream media has been busy burying economic views that point out that Obama's energy and tax policies are a direct assault on jobs and investment. Like all true ideologues he and his media supporters are impervious to facts. The US is the greatest job-creating machine in history. In 1970 there were 78.678 million Americans in jobs. By 2006 employment had climbed to 144.427 million. (These figures refer to the civilian labour force). The Obama's of this world do not create real jobs -- they destroy them.

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