Stupidity Masquerading as Intelligence
June 26th, 2011 . by joelA friend of mine is very well traveled and has visited almost every continent as part of his job. He likes to tell the story about a village he visited in Namibia in which the elders decided they needed to do something to put the huge number of local unemployed men to work.
It seems the village fresh water supply was at a well, about 5 miles from the village center, and each day the women-folk had to walk back and forth at least once with huge and obviously heavy buckets for their family’s daily water supply. The elders decided they needed to drill a new well in the village center to make life so much easier for everyone, and so they contracted with a drilling company which arrived with a hydraulic drill to make the well happen. But instead of using the hydraulic drill, the elders decided to have the company mount a huge wheel placed on its side, with each spoke of the wheel being about 100 feet in length, at the top of the drill hole. The elders then had all the unemployed men in the village take positions along the spokes to turn the wheel manually, thereby turning the drill bit in the hole, sort of the way oxen might have been used in ancient times. That was the elder’s way of creating jobs and lowering the village unemployment rate.
It seems Barack Obama has a lot in common with the village elders, tossing aside efficient and labor-saving technology in favor of a manual process that seems, at first glance, to employ more workers. Unfortunately, Barack Obama is not an elder of a primitive African village but is rather the leader of the world’s foremost 21st Century engineering and technologically driven society. His comment that ATMs are taking jobs from bank tellers, thereby causing unemployment to be high, reveals not only his archaic and disturbing way of thinking about job creation, but his complete lack of understanding of how technology creates more jobs than it eliminates though the process of “creative destruction”.
Yes, Mr. President, ATMs reduce the number of bank tellers required, but think of the enormous number of new workers it takes to build the ATMs, and maintain the ATMs, and service the ATMs, and develop new tasks a person can do at an ATM, and all the new companies and businesses that have been developed because of ATM technology. ATMs now populate essentially every country on Earth and allow a person in one country to make a transaction in another country, a continent away, and automatically converts the money of one into that of the other and on and on. Yes, the number of bank tellers is reduced, but imagine the number of new and higher paying jobs and wealth that have been created by the invention of ATMs, in precisely the same way humans benefitted from the automobile industry took over from the horse utilization industry, for crying out loud.
That’s just one example of creative destruction and the fact that the president of the United States, arguably the keeper of our economy, is so totally clueless about this process is shocking, absolutely stupefying, and jaw-dropping in its ignorance and frightening when you think of the impact that apparent dementia has on the rest of us. It also underscores the danger our country faces with respect to the crushing official unemployment rate of over 9%, with the under-employment rate closer to 20% when the guy steering our ship of state is stupid.
If only that were the only example of incredible Obama and Democrat stupidity. Unfortunately, it’s not.
Just this past week Senate Democrats, led by Charles Schumer of New York, said additional stimulus spending should be included in the discussions to raise the debt ceiling even as a new Congressional Budget Office (CBO) report shows the public debt of the United States will double, from its present obscene level of $14 trillion, to $28 trillion by 2035 if spending policies are not changed. Amazingly enough, on the same day the CBO released a report detailing Obama’s stimulus spending had added almost $5 trillion in public debt in just 2 ½ years, Democrats were calling for more spending. Are they freaking kidding? You can’t make this stuff up.
Anyone recall the $830 billion stimulus ($1.2 trillion with interest included) of February 2009 and how that failed? Anyone recall that the Federal Reserve has now far overtaken China as the largest buyer of American debt, meaning the Federal Reserve is literally and simply printing money and devaluing your dollars after 2 rounds of quantitative easing?
None of this spending is working and the economic numbers prove it, yet the Democrats are calling for even more spending. How completely stupid is that? Is it actually possible these people believe their own self-serving rhetoric, that we can spend ourselves to prosperity? Or is there something more sinister and even evil afoot? Think about that.
And how completely stupid is it for Barack Obama and the Democrats to continue to call for more and higher taxes as a way to resolve this budget disaster. This is all about entitlement spending and nothing about taxes or revenue.
If you don’t believe me, take a look at this. The expected budget deficit for this year will be $1.65 TRILLION. Putting the higher “Clinton tax rates” into effect, just like Obama breathlessly wants to do so the so-called rich will be paying their so-called fair share, would raise only $80 billion a year. Immediately terminating the wars in both Afghanistan and Iraq would raise another $100 billion. Immediately stripping, cutting and shredding defense spending by 20% (remembering that Obama’s own Secretary of Defense Robert Gates said just a 10% cut in defense spending would be “catastrophic”), thereby delegitimizing our defense posture to dangerous levels, would raise another $120 billion. Eliminating all the oil industry deductions and subsidies would raise $20 billion (even though that money would be recouped by passing those costs onto the consumers at the gas pump). Squeezing the itemized tax deductions of rich people, whoever they are, would raise another $20 billion. All of those higher taxes and cuts to defense spending amounts to only $340 billion; but the deficit is $1.65 trillion. THE DEFICIT WOULD STILL BE OVER $1.3 TRILLION! Do you see the problem here?
And the Obama deficits of the previous 2 years were $1.3 trillion and $1.4 trillion respectively.
No, the problem here is not raising taxes. Taxes cannot be raised high enough on anyone or any group to significantly close the $1.65 trillion budget deficit gap. The only way to do that is by cutting entitlement spending.
But here’s the problem. The Democrat Party can not cut spending; they can not cut programs. They will not cut anything, they can never cut anything. The reason is because to cut spending or programs is to cut government. And the Democrat Party IS the government. The government and the Democrat Party are one in the same. http://www.joelsrant.com/2011/04/09/the-%e2%80%9cdemocrat-party%e2%80%9d-and-%e2%80%9cthe-government%e2%80%9d-are-one-in-the-same/
To cut spending is to make the government smaller, and to make the government smaller is for the Democrat Party to cede influence, and that’s never going to happen as long as Democrats control the White House and the Senate. The Democrats unwillingness to do what’s good for the country is not only stupid, it’s dangerous. And that’s a fact.
What we have here is a Marxist/liberal ideology that’s completely out of control. It’s an ideology that resembles a mental illness or a cult religion. Its purveyors only care about themselves and their power. It’s tyranny. And it’s logarithmically and galactically stupid.
It needs to be stopped.
And that’s all there is to it.