Once Long Ago Liberals Understood

Once upon a time, in a galaxy far, far, far, away - so far away not even Luke Skywalker or Stephen Hawking could rationalize it - liberals understood the basic tenets of prosperity taught by men like Law, Bastiat and Galliani.

In watching this, it should be apparent, well to me it is, President Obama is no JFK. JFK believed in a measured and appropriate government role in the economy. He understood economic well-being starts from a personal and individualistic perspective and not from a top-bottom approach.

For his part, Obama espouses the exact opposite approach: You have to increase expenditures and spend now to grow an economy and save money in the long-run. My how times have changed in the Sorosian-Moorian Democratic party.

What's further intriguing modern liberals not only (tenuously) claim lineage to men like Thomas Jefferson but JFK as well. Seems to me they veered into a completely different direction.

JFK's assertion "excessive expenditures demoralize the people and economic" was particularly powerful. He also understood taxes are an ineffecient tool and can easily lead to loss revenues. Merely increasing them as a means to "narrow deficits" and increase revenues is a short-sighted measure and does nothing to solve long-term problems. It's a quick fix cash grab.

For fun, take what JFK said in the video and compare it to the faux-liberals you find over at Daily Kos, Huffington and other places that, among other things, makes me wonder where these people are getting their financial advice. Indeed, if they graduated from the Acid School of Math.

There's an Acid Test ratio in business, but for liberals it means an entirely different thing.

Thanks to Nikky at SE for this.