American Elephants


Agriculture Secretary Vilsack: Food Stamps Create Jobs. by The Elephant's Child

The Obama administration is still using that Keynesian computer program that Christina Romer used when she was Chairman of the Council of Economic Advisers. The program apparently tells you if you put X amount of dollars into the economy, just how many jobs will be created or saved by the “multiplier effect.”

It seems to be an article of faith among Democrats that Keynesian economics — spending lots of money by the government — by the magic of money passing through many hands, creates more wealth in the economy, and thus more jobs.  Didn’t work for FDR, has never worked, defies common sense, and there is all sorts of evidence from economists to prove that it doesn’t work.  Democrat economists disagree — and are sure that it will work this time if they just spend enough money. They agree that the reason that Obama’s stimulus didn’t work was that he didn’t spend enough.

The other article of Democrat faith is also based on computer programs — the climate programs used by the IPCC.  They took what they knew about climate (which wasn’t very much) and created a model of the earth’s climate.  Since they didn’t know much about how climate really worked, there were lots of assumptions and guesses that made up a major part of the programs.  The programs turned out some scary estimates of disaster in 50 or 100 years, but that seems to be another result of some magic “multiplier effect” since the programs cannot correctly predict today’s climate.

This misplaced faith in multipliers has brought the economy to a disastrous level of debt, and a misplaced faith that eliminating carbon dioxide — one of the building blocks of life — will somehow save the earth from rises in temperature that exist only in their computer programs and rising seas that exist only in their imagination. If the ice is melting in the Arctic, it will cause the oceans to overflow, won’t it? When the ice melts in your glass of iced tea, does your glass overflow?

So, no, food stamps may be a real help to people out of a job, but they don’t create jobs, except for government jobs, which are paid for by the taxpayers.


3 Comments so far
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Vilsack says every $1.00 spent on food stamps generates $1.84……. what a load of crap. how about the the collection of that food stamp dollar, the printing of that food stamp dollar, the distribution, collection………Take that tax payer dollar, give it to the goverment for goverment generated jobs and give it to a non tax payer. yea thats a good program. Tell you what let me keep my dollar and I will donate to a food bank to a family that is in need of a meal. Thanks goverment, you worry about the national defence and let the states worry about their citizens.

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Comment by Don Welch

Makes you wonder how they have the nerve to stand up in public and say such things that are now recorded for the ages and will hound them for the rest of their lives. Maybe that’s our only recourse, that they are recorded for posterity.

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Comment by The Elephant's Child

Every head of a Department should take an oath to take a whole-of-government perspective. All Vilsack cares about is lining the pockets of Iowa farmers.

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Comment by Subsidy Eye




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