Posted on 06/07/2011 6:59:53 AM PDT by SoFloFreeper
From the COMMENTS section on the resignation of Austan Goolsbee:
The Obama Economic "Plan"
1. Pay people not to work
2. Encourage malinvestment in uneconomic projects, e.g. wind, solar, hi-speed-rail, GM
3. Give handouts to encourage over-levered consumers to increase leverage, e.g. "cash-for-clunkers/caulkers", home buyer tax credits, Chevy Volt credits,…
4. Increase union power vs. state/local reform and the private sector
5. Create a mythical villain on whom to pin the financial crisis and depression: "Wall Street, evil bankers, etc., greedy corporations, etc."
6. Add new multi-trillion unfunded liabilities (entitlements), and ignore those that already exist
7. Suffocate the private sector with mountains of new regulations, dreamed up by academics and "activists"
8. Vilify the private sector and "big corporations" as greedy; praise the public sector and unions as the bedrock of our country
9. Remove all incentive to create wealth with a constant call for onerous taxes on "the rich", and the need to “spread the wealth”
10. Increase public sector share of GDP as bureaucrats are far better at allocating capital and balancing supply demand than the free market
11. “Invest in education” for our children by throwing ever more unaccountable money at the public sector teachers unions
12. Revitalize American manufacturing by tossing 200 years of corporate legal precedent in the bin, and gifting the US auto industry’s assets to the UAW healthcare fund, blowing up debt holders
13. Obfuscate all with lies and half-truths, e.g. redefine all upper middle class ($250k/yr) families as "millionaires and billionaires", or “you can keep your doctor if you like him”
(Excerpt) Read more at online.wsj.com ...
..rename it "Plan 9 From Outer Space"
14: go play golf
BTTT
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.