Filed under: Bureaucracy, Capitalism, Domestic Policy, Economics, Economy, Education, Energy, Free Markets, Freedom, National Security, News the Media Doesn't Want You to Hear, Taxes, Unemployment
Why would anyone getting ready to go to bed start pounding their head on the wall? (Simile.) Someone mentioned Hillary’s big economic speech on Thursday in Warren, Michigan, and I thought I ought to watch it so I would know something about her economic plans. I didn’t expect much, but I was still taken aback.
It was a powerful-sounding speech, promising to solve everyone’s problems and the problems that had never occurred to them. Jobs, lots of them, how? — Infrastructure! Why is it always infrastructure? If you remember, Obama was going to create all sorts of jobs in Infrastructure — “crumbling roads and bridges” — all sorts of promises of what they were going to do, and eventually Obama admitted that there didn’t seem to actually be any “shovel-ready jobs.”
The interstate highways are federal business. State and county roads are the state’s and county’s business. You can’t just pick a piece of land and start to build something. First, all sorts of jurisdictions have to agree to the project. Then there are the environmental impact statements, and the plans need be drawn up, soil testing, legal challenges, eminent domain. I probably have the order wrong and have left out many steps, but that’s the general idea. All that stuff can take years, and usually does. The people who do those tasks are already on staff. There will be no new jobs until construction starts, and construction jobs only last until the project is done, which may be 10 or 20 years down the road. Construction jobs are temporary. That’s why Obama said there weren’t any “shovel-ready jobs.” We went through all this before, but Hillary wasn’t paying attention, or else she doesn’t care because it sounds good.
She promised a lot of clean energy jobs too, and lots more clean energy. Installation is done by skilled workers from the company that manufactures the turbines or solar panels, and there aren’t many jobs there. She babbled on about Germany and China, but those countries are already getting out of the “clean energy” business. I’m giving her the benefit of the doubt and assuming that she doesn’t know any better and is not just pandering to the rubes. Obama tried the clean energy jobs bit too, and we got Solyndra and Ivanpah.
She’s dragged out every tired old cliché that worked for the Left in past elections — “trickle-down economics” is the pander for an opposition who promises tax-cuts, which is how you get an economy recovering. Leftists just don’t get it. They cannot conceive of a world where they are not increasing their control and forcing people to do what they want. That is how you build a brave new world. (I think someone used that phrase before.) Increasing the minimum wage makes the economy grow. what? She promises a manufacturing renaissance, economic revitalization, free college for the middle class, free trade school, With her $10,745,378 income last year, she has a lot in common with you, and knows just how to make life better for you hard-working Americans — a job with dignity and equal pay, not everybody needs to go to college, the trades are fine too, broadband for everyone, infrastructure bans, a cleaner power grid. $25 billion government seed money, $10 billion to make things in America, lots of tax credits, deductions for child care, blah, blah, “better together.”
It was painful. If you want an economy to recover, you have to reduce taxes so people can save and invest and create. Raising taxes, and Hillary’s economic plan would demand huge tax increases on an already damaged economy — just prolonging the decline for another 4 years.
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