We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
In February 2009, I published a commentary in the Wall Street Journal entitled "Reaganomics v. Obamanomics," which pointed out that President Obama's economic policies were exactly the opposite of President Reagan's. I predicted that as a result they would produce exactly the opposite results. Art Laffer has produced a far more sophisticated argument advancing a similar analysis. But the June unemployment report released last Friday shows an economy doing much worse at this point than even I expected. More than 30 months after the official start of the recession, the economy is still losing jobs.
When we gave government money targeted at single women with kids we got, incredibly, more single women with kids. And when we give people money only when they are unemployed, we are going to get more unemployed. The economics of this are pretty bullet-proof. We may choose to do so because we have a humanitarian desire to cushion hardship, but we should accept that when we reduce the hardship of being unemployed, and actually give people money for not working, were are going to get more people unemployed for longer periods.
This is Maggie's blog, moderated by her farmers and viewed by their fans. It helps if comments -- well, if comments make some sense. Your points will also carry better if they're phrased courteously and clearly. I acknowledge that all of Maggie's friends will get snitty and sarky when we're in the mood or it helps us carry our points.