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Bill Maher’s Astonishing Economic Illiteracy
Townhall.com ^ | February 6, 2015 | Daniel J. Mitchell

Posted on 02/06/2015 1:42:04 PM PST by Kaslin

Back in 2013, I actually wrote something vaguely nice about HBO’s Bill Maher. Or at least I expressed approval for a point he made about the limits of class-warfare taxation.

It’s now time to compensate for that action.

Check out this interview. It’s about Obama’s new tax-and-spend budget, but pay particular attention at the 5:15 mark of the video and you’ll hear Maher asserting that “socialism” deserves the credit for the development of a thriving middle class in America.

Dan Mitchell Debunks Bill Maher's Historical Illiteracy, Rejects Obama Statism

Wow. Maher’s comments are astonishingly illiterate.

As I remarked in the interview, the United States (like other western nations) had a tiny public sector during the period when it transitioned from agricultural poverty to middle-class prosperity.

Federal spending averaged only about 3 percent of economic output, and overall government spending (including state and local governments) was only about 10 percent of GDP.

If that was socialism, then sign me up!

This isn’t to say we have laissez-faire paradise in the 1800s and early 1900s. Some of the so-called Robber Baronswere cronyists who used government favoritism to line their pockets. Monetary policy oftentimes was a mess because of government regulation and control of banks. Tariffs were very onerous. And Jim Crow laws were an odious example of government power being used to oppress an entire class of citizens and hamper their ability to participate in the market economy.

But the one thing we didn’t have back then was socialism, whether you use theright definition (government ownership of the means of production) or the sloppy definition (a redistributive welfare state).

Sigh.

Enough on that topic. The bulk of the interview, of course, focused on Obama’s budget. I got in my main point, which is that we need to focus on restraining the growth of government spending.

So rather than recycle my thoughts, let’s cite comments by two wise observers.

Here’s how Dan Henninger of the Wall Street Journal described the President’s plan.

The president’s annual budget reminds the Beltway tribes of what they do—tax the country, distribute revenues to their allies, and euphemize it as a budget. With his 2015 budget, Barack Obama at last makes clear his presidency’s reason for being: to establish an empire of taxation. …In six years, the Obama Democrats have abandoned any belief in the idea that the private sector is the primary cause of American prosperity. Instead, they seem to see the private sector as a kind of tax sump-pump, a dumb machine whose only purpose is tax flow. …That is the empire of taxation. It is an isolated system, based in Washington, which allocates what it exacts from the private sector.

And here’s some of what George Will wrote about the poisonous spiral of more government leading to more stagnation leading to more demands for more government.

The progressive project of maximizing the number of people dependent on government is also aided by the acid of insecurity that grows rapidly when the economy does not. Anxious and disappointed people are susceptible to progressives’ blandishments about the political allocation of wealth and opportunity — “free” this and that. By making slow growth normal, iatrogenic government serves the progressive program of defining economic failure down.

I fully agree. Not only the points about the weakness of the Obama “recovery,” but also the concerns about more and more people being lured into government dependency, which sabotages American exceptionalism.

Jerry Holbert has a nice summary of the President’s worldview.

Hmmm…I think we’ve seen this bookstore before.

Though I’m surprised Obama is bothering to shop when he can just go to the library for his favorite books.


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: billmaher; demagogicparty; hbo; memebuilding; partisanmediashill; partisanmediashills

1 posted on 02/06/2015 1:42:04 PM PST by Kaslin
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To: Kaslin

Bill Maher’s Astonishing Economic Illiteracy -

There. Fixed it.
2 posted on 02/06/2015 1:47:52 PM PST by SkyDancer (I Was Told Nobody Is Perfect But Yet, Here I Am ...)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
...you'll hear Maher asserting that "socialism" deserves the credit for the development of a thriving middle class in America.
If OJ Simpson hadn't before, Maher has proved to my satisfaction that there's no such thing as bad publicity.
3 posted on 02/06/2015 2:48:56 PM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary men)
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To: Kaslin

Why be astonished? Maher is well known as an idiot.


4 posted on 02/06/2015 2:55:27 PM PST by Impy (They pull a knife, you pull a gun. That's the CHICAGO WAY, and that's how you beat the rats!)
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To: Kaslin

If socialism is the way to go, Maher will have to explain the failure of the ex-Soviet Union and communist China to have thriving economies. China only reached its present status after junking virtually all the Mao-created economic policies up to 1979. Maher, like most libs, is an economics ignoramus.


5 posted on 02/06/2015 4:25:50 PM PST by driftless2 (For long term happiness, learn how to play the accordion.)
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To: Impy

Amazingly Maher did say something once with which I wholeheartedly agree.

https://www.youtube.com/watch?v=4YG_mqZJKcM


6 posted on 02/07/2015 9:38:20 AM PST by RipSawyer (OPM is the religion of the sheeple.)
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To: driftless2

The average crackhead has a better understanding of brain surgery than the average liberal has of economics.


7 posted on 02/07/2015 9:41:50 AM PST by RipSawyer (OPM is the religion of the sheeple.)
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