Black Muslim PresiChimpler Buckwheat Is A Neo-Marxist
- From: Patriot Games <Patriot@xxxxxxxxxxx>
- Date: Wed, 27 May 2009 08:36:18 -0400
http://www.ibdeditorials.com/IBDArticles.aspx?secid=1503&status=article&id=327880441502925
President Obama: Neo-Marxist
By LARRY ELDER
Friday, May 22, 2009
The topic: "The Future of Capitalism." To discuss this, Time magazine
assembled a "stellar cast."
One such "honoree" works as a Public Broadcasting Service/National
Public Radio host. The tax dollars produced by the capitalism he
criticizes help pay his salary. (The irony was apparently lost.)
At least other "business roundtable" panelists ?
commentator/publisher/author Arianna Huffington and singer John Legend
? make their money the old-fashioned way, by enticing consumers to buy
what they sell.
"I don't think that left to its own devices," the taxpayer-supported
broadcaster/pundit said, "capitalism moves along smoothly and everyone
gets treated fairly in the process. Capitalism is like a child: If you
want the child to grow up free and productive, somebody's got to look
over the shoulder of that child." Good grief.
Every dollar spent by government is one less dollar spent by
taxpayers. Money comes from somewhere ? taxes, borrowing (taxes on
layaway) or printing, which, if not offset by productivity, causes
inflation, a stealth tax on everyone.
Who can spend, save or invest more efficiently and humanely, you or
some tenured bureaucrat in D.C. who's never run so much as a hot dog
stand or lent himself out as a United Way volunteer?
Private enterprise is the most proficient job- and wealth-creating
"system" ever designed. But many, if not most, Americans think only
government can and should build and run "infrastructure" and that
government "investment" creates jobs of which the private sector is
incapable of creating. Really?
People point to President Dwight D. Eisenhower's construction of the
interstate highway system. It is, they say, an example of both an
appropriate and productive federal government expenditure and an
obviously legal role of the federal government necessary to spark
economic growth.
In the early 1900s, a businessman, Carl Fisher, owned the Prest-O-Lite
headlight company. He organized an association to finance
coast-to-coast paved roads so that motorists could drive both day and
night, ideally using his headlights. The association soon disbanded,
when Congress passed the Federal Road Aid Act of 1916.
What would have happened had government not built an interstate
highway system? A consortium of truckers/gas
stations/hotels/motels/roadside restaurants would likely have built
one with their own money in order to make more money. They would have
charged tolls for maintenance. Motorists actually using the roads
would bear their costs.
Private business built the first leg of the New York subway system.
And it made money ? at least before local government used taxpayer
money to build competing systems and undercut the fare charged by the
private operator. Tax dollars hid the true cost, allowing the
city-owned service to charge less. Ultimately, the private operators
sold out to the city.
Did Eisenhower have the constitutional authority to build the
interstate highway system? Yes, but not to improve economic
development ? and he knew it. In fact, the official name of the
interstate highways is the Dwight D. Eisenhower National System of
Interstate and Defense Highways.
Ike argued that the country needed paved highways to move missiles
around to protect the country. From a military standpoint, the
argument was dubious. Missiles could be launched from fixed positions,
as technology continually increased range, speed, accuracy and power.
The Founding Fathers identified a handful of allowable federal duties,
not least of which is national security. But what about economic
development? President James Monroe cast his only veto when Congress
appropriated money to expand the Cumberland Road ? even though the
road went through and would have helped his home state of Virginia.
The Constitution, said Monroe, prohibits spending money for this
purpose.
Rather than expanding "entitlements," they must be dealt with ? and
eventually ended. What about selling land (the fed is by far the
largest landholder) and using the proceeds to pay for current and
near-term obligations to Social Security and Medicare ? with a view
toward complete eventual privatization? What about private charity
instead of Medicaid?
What about a free market approach to making health care more
accessible and affordable? This means IRA-type accounts; cutting
health care insurance regulation; allowing non-licensed practitioners
to perform tasks now done only by government-licensed doctors and
other medical practitioners ? which shuts out competition and keeps
prices high; allowing health care plans to be purchased out of state;
allowing individuals to deduct their health care premiums as
businesses do now; and adopting an English-style "loser-pays" legal
system that would likely minimize the incentive for doctors to
practice expensive "defensive" medicine.
Even if all of this makes sense, the toothpaste is out of the tube,
right? So let's just try to stop things from getting worse. Unraveling
the welfare state can be done. Indiana, for example, just leased one
of its highways to a private consortium that charges tolls for
maintenance and profit.
Obama's anti-capitalist, Big Government, command-and-control economic
vision exceeds mere "childishness." It is dangerous. After 100-plus
days, the jury reached its verdict.
Obama is a neo-Marxist.
.
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