Thursday, August 21, 2008

Michigan's Savior?

Yesterday's Aug 20th. Detroit Free Press has an op-ed by Presidential candidate Barak Obama titled "Obama: New stimulus and energy packages will revive Michigan." In it Obama gives the reader all the grim statistics on Michigan's and the auto industry's sad state. No news there. He then proposes a new second stimulus package:
" It includes energy rebates of $1,000 for more than 5 million Michigan workers and their families, and $1.7 billion dollars to keep Michigan’s essential state and local government services running."
Exactly what are these 'essential' services is nowhere mentioned. He continues:
"In addition to this immediate relief, I will, as president, also provide a middle class tax cut that is three times larger than the one my opponent offers — putting a $1,000 tax cut directly into the pockets of 95% of workers and their families. And I will end tax breaks for companies that ship jobs overseas and give those tax breaks to companies that create good-paying jobs here in America."
Nevermind the fact that jobs in America will cost more which will raise prices of those products especially hurting the poor, where does he propose to get this money for $1000 checks? Why it's a tax cut he's generously putting in your pocket. He does say how we're going to secure this new prosperity:
"That starts with solving our energy crisis once and for all. This isn’t just a challenge to meet; it’s an opportunity to seize[Freudian slip?-ME] — an opportunity that will create new businesses, new industries and millions of new jobs that pay well and can’t be outsourced."
Pay well? Can't be outsourced? This will be music to union ears. Obviously he plans to force companies to pay well and stay home ignoring why they outsourced in the first place. So what is his preferred method for achieving this domestic paradise? The goal is complete energy independence in a decade.
"To do this, we’ll invest $150 billion over the next ten years and leverage billions more in private capital to build a new energy economy that harnesses American energy and creates 5 million new American jobs."
When a politician uses the word 'leverage' think of Ayn Rand's metaphor "Have gun will nudge" except that I think we are moving beyond the stage of just 'nudging' to outright intimidation and threats. And how does one 'harness' American energy? All dictatorships try to 'harness' their citizens' energy. It doesn't work. But 'leverage' is his preferred terminology because he uses it again regarding getting more fuel efficient cars:
"We’ll leverage private sector funding to bring these cars directly to American consumers, and we’ll give consumers a $7,000 tax credit to buy these vehicles. That’s how we’ll get one million 150-m.p.g. hybrids on our roads within six years. That’s how we’ll not only protect our auto industry and our auto workers, but help them thrive in a 21st Century economy; and that is how we will finally lower gas prices, secure our energy future, and save this planet for our children."
Yep. Piece of cake! There's that magic word 'leverage' again. Notice the statist attitude regarding money. The government is going to 'give' us $7000 of its money, not our tax money returned, to buy those cars from those well paid workers. You see, money really does grow on trees, at the Fed and the mint.

Sometimes elementary school kids are asked to write a short paper on how to make the world a better place and their responses are run in the local papers. Have you ever read any of those? See any resemblance to the above? I sure do.

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