The purpose of the economy is to create the wealth required to sustain and enhance our lives. To stimulate the economy, one must increase the production of wealth. To claim to stimulate the economy by providing jobs shows the basic misunderstanding of the economic system. Jobs require the use of energy and material. If the jobs failed to produce more wealth than they consume the economy is placed in decline and there are less goods and services available to sustain and enhance our lives. It is much better to pay someone to stay home than to have them work at a job that consumes wealth.
President Obama tries to sell his stimulus plans with the claim that the program will create jobs. This is his third stimulus program since becoming President. The first two were dismal failures that consumed wealth and even failed to provide many "make work" jobs. The only real result from the first two stimulus programs was transfer of wealth to Mr. Obama's political cronies and increase in government regulations that increase the cost of actually creating wealth. Consuming and destroying wealth without economic activity to replace that wealth is a sure way to create an economic crisis.
Of course, not everyone favors the creation of wealth. The "Global Warming Scam" predicts disaster if we continue to use our natural resources.
Which of these two cartoons do you believe best describes the Obama stimulus plan?
Comment
Comment by William S Nelson on October 12, 2011 at 5:17pm The purpose of the economy is to sustain society, and allow the society to remain viable over time.
Each of us is a member of our society. To state that the economy only serves the individual leads, to the relegation of the rules of the society to a level at which the rules no longer exist, and society disintegrates.
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