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Economic Illiterates Are Running Amok
Townhall.com ^ | April 10, 2020 | Kurt Schlichter

Posted on 04/10/2020 3:58:07 AM PDT by Kaslin

One particularly terrifying consequence of the Chinese Bat Soup Virus that is not yet getting the attention it deserves is how this situation is making already stupid liberals even dumber, especially when they sound off about economics. In the wake of this pandemic, we’ve been subjected to a series of mind-numbing insights from the pinko blue check brain trust that reaffirms the clichéd but true observation that our elite is anything but elite. Leave it to our liberal betters to take a bad situation and seek to make it exponentially worse.

For example, Sally Kohn – oh, you know where this is going – offered an astonishing observation just as the Democrats were obstructing the vital relief our small businesses desperately need:

“I'm really tired of reading how business owners are "forced" to layoff workers. No one made them do that. They *chose* to do that. Not saying it isn't a hard choice, during a hard time, but to say they were *forced* obscures their agency AND casts owners/CEOs as the victims.”

If that hasn’t plunged your IQ to new depths, consider ever-dumb Congresswoman Ilhan Omar (D-Minnesota), who tweeted out this brainstorm:

“We need to cancel rent until this crisis is over.”

Wow. Her economics advice is even worse than her relationship advice.

Okay, it seems like you would not have to explain this to allegedly educated people, but apparently there are still some people who need a lesson in Economics 101. Since I actually own a business, perhaps I have a perspective that C Tier social media personalities and commie grifters could find illuminating.

Here goes.

Are you people stupid? What the unholy hell are you thinking? When there is no income, what do you expect a business owner to pay his employees with? IOUs? Monopoly money? Feelings?

Oh, maybe the boss of that local pizza restaurant that the cough police closed down should just go downstairs to the basement vault in his mansion, pop open the door and take out one of those dozens of big sacks with dollar signs on them that are stuffed with $100 bills and use them to meet payroll. And rent. And insurance. And supplies. And maintenance. And so on. And so on. And so on.

Because that whole thing about cash flow? No, it’s not a thing. It’s a myth! It’s just an illusion for those tuxedo n’ top hat-sporting fatcats who run the local pet stores and such use to fool the proles into believing that there’s not some bottomless well o’ cash these tycoons can draw upon forever.

Yeah, these bigwigs are claiming they are running out of money, but Sally sees through their web of deceit! But in a way she is right – it is kind of a choice. Of course, the choice is bankruptcy or layoffs. And either way, those employees are out of a job.

But the real tragedy would be if people might see “owners/CEOs as the victims” even though they are victims too.

You wonder if people can be this dumb and then you go on Twitter and yeah, people can absolutely be that dumb.

Or even dumber, if that’s even possible.

Really, Mrs. Brother? “Cancel rent?” I guess the president would just use that little-known “cancel rent” power buried behind all those penumbras and emanations in the Constitution. But let’s not get all wrapped up in talk of enumerated powers and stuff. Let’s look at this remarkable suggestion on its own feeble terms. “Cancel rent.” Okay, rent is canceled. Gone! No paying rent! Yah!

Wait, where did the lights go? Power’s out. Wait, you mean that miserable miser is not fronting cash for utilities anymore since you’re, you know, not paying rent? Hey, there’s a plumbing leak! You can just call…oh…awkward! Well, then you can just refuse to pay…oh, right. Well, then maybe you’ll sue your landlord for not doing the things landlords should do, though you are not doing things tenants should do. Oops. He’s bankrupt. Hear that? It’s a sad trombone.

But that’s only at the personal level. Our economy is interconnected. You don’t pay rent, so your landlord doesn’t pay his loan and all those people who used to manage the property. All those guys he used to pay, his bank, the gardener, the power company. Now, they can’t pay anyone anymore. And pretty soon no one can pay anyone anymore.

Congratulations! It’s a depression!

Now, we have focused on how these people are saying stupid things, and the underlying assumption is that they are stupid. But is that why they seem to be rooting for disaster? You’ve already seen progs looking on the bright side – at least this economic carnage will end up owning Drumpf!

Maybe they are simply bad people who want to impoverish you to increase their own power. Have you seen them do anything, anything at all inconsistent with that hypothesis? After all, if they can destroy capitalism by means of knocking out select pillars of the system – like by undermining selected contracts that obligate people to pay their debts – they can get to their desired endstate, and they can blame it on capitalism itself even though a system where you can’t collect rent isn’t capitalism.

Stupid? Evil? A bit of both? It doesn’t matter. What matters is that no matter how much these half-wits pipe up on Twitter, they can never, ever be allowed anything like real power lest we go full Venezuela.

And you should never go full Venezuela.


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: anticapitalist; economic; economiccrisis; economy; ilhanomr; progressiveagenhda; sallykohn; schlichter; wuhancoronavirus
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To: billyboy15
AS a previous owner of a small business I can attest to the fact others who are clueless as to what is involved in owning said business in fact do believe we are all rich.

So tell us, what is your net worth?

21 posted on 04/10/2020 4:41:36 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: Kaslin

Keep paying without revenue. What could possibly go wrong?


22 posted on 04/10/2020 4:42:45 AM PDT by ArcadeQuarters (Socialism requires slavery.)
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To: Kaslin

Keep paying without revenue. What could possibly go wrong?


23 posted on 04/10/2020 4:42:45 AM PDT by ArcadeQuarters (Socialism requires slavery.)
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To: Doofer

You’re right. There are way too many bubble headed conservatives who have no concept of economics.

My daughter ran out of toilet paper and actually had to borrow some. Because, liberal anti-gouging laws. Had the stores been allowed to follow the real law, the law of supply and demand, as the demand increased, supply decreased. So they raise the price to cause buyers to really think if they need the 500th roll of toilet paper. They say no and leave it on the shelf for someone else. Eventually supply outstrips demand and the price is lowered.

But no, emotion rules.


24 posted on 04/10/2020 4:43:12 AM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: Kaslin

“why they seem to be rooting for disaster? “

For some of them, this disaster is a real opportunity to quickly achieve the goals of The Cloward-Piven strategy. Look it up.


25 posted on 04/10/2020 4:45:45 AM PDT by XRdsRev (ORANGE MAN GOOD.)
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To: central_va

Why is someone else’s net worth any of your concern?


26 posted on 04/10/2020 4:45:53 AM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: Alberta's Child

That’s a good one, isn’t it?


27 posted on 04/10/2020 4:46:51 AM PDT by Kaslin
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To: central_va

LOL and what business is that of yours?

Your asking the questions indicates you are one of the uninformed who does believe the myth.

I’m guessing you are clueless to the fact over 80 of new business startups fail in the first year.


28 posted on 04/10/2020 4:47:37 AM PDT by billyboy15
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To: CincyRichieRich
Saying that is a copout for thinking of something original. Is it your fault? No. Is it my fault? No. Is is fault of most Freepers here? No. And, we are Americans. Thus we are not getting what we deserve. Stop saying that, and point in the direction of those who elected this commie morons

Thanks for pointing that out.

29 posted on 04/10/2020 4:50:59 AM PDT by Kaslin
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To: billyboy15

You said not all small business owners are rich and wealthy, and you also stated you owned a small business. So tell us then what is your net worth? It would be educational to hear your story. Are you ashamed of it?


30 posted on 04/10/2020 4:52:33 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: Kaslin

Everytime an American looked at an item for where it was made in. It came from this country (China). Now China’s reliance making everything was being threatened by a change in leadership in America which was a major consumer of those products. When Americans hailed their leaders decision to make many of them back in their country US. Their politburo worried. Worse yet opponents to the Chinese regime in power had its citizens protesting its policies since that change in American leadership wave the American flag and present his name when doing so. All of which presented those in power the need to destroy that leader,

Would a runaway plague created by a nation which could threaten populations of an enemy cause them to react by demanding extreme restriction of movement by its population to prevent its spread ? Thus wind up fragmenting its economy.The way this whole thing developed starting with the Italian fashion industry areas controlled by the Chinese commies hit by a runaway CoVid19. Sure looks suspicious particularly when crews of naval vessels somehow wind up being infected by it before Italy made the headlines.

To stop the return of manufacturing of products back to the US that went to China. China backers here who will be hit hard are also claiming that Trump’s alleged stock ownership in a quinine pills maker claim its a controlling interest in a product to be totally ineffective and when used requires a severe restriction of movement when near a possible carrier known as a shutdown because of its rapid transmission .


31 posted on 04/10/2020 4:55:13 AM PDT by mosesdapoet (mosesdapoet aka L.J.Keslin posting here for the record hoping somebody might read and pass around)
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To: cyclotic
Why is someone else’s net worth any of your concern?

The contention is EVERY small business owner is on the edge financially and operate day to day in fear and have cash flow problems. I call BS on that. Some are, some aren't.

32 posted on 04/10/2020 4:55:27 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: polymuser

Reminds me of an old joke:

That fella’s a triple threat.
What do you mean?
Can’t sing. Can’t dance. Can’t play the ukelele.

Progressives- Can’t Math. Can’t History. Can’t Adult.


33 posted on 04/10/2020 4:58:08 AM PDT by Aloysius88 (I used to be the different drummer.)
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To: TTFlyer
Believe it or not, but you are not holier than thou.
34 posted on 04/10/2020 4:59:35 AM PDT by Kaslin
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To: CincyRichieRich

Okay, Boomer.

Decades of the American people rolling over for Godless Socialism has bore its bitter fruit. “Conservatism” is as dead as a hammer. The Church has been replaced by Wal Mart. The thoroughly corrupt institutions of Academia, Government, Finance, Big Business, Entertainment, etc. have gone completely over to Socialism/Fascism. The nation’s borders no longer exist. The military has become a SJW lab.

The people elected Trump then promptly hamstrung him by giving the House to the ‘Rats.

And now the people surrendered their remaining freedom in a panic in the name of some Chinese virus which kills less than the flu. And the Fed/Banker’s money-printing presses are running wide-open devaluing every working person’s(the ever-shrinking number of workers that is) labor.

I’ll repeat for the third time: “America is getting what it deserves.”


35 posted on 04/10/2020 5:06:08 AM PDT by TTFlyer
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To: TTFlyer

I don’t bye that 100%

The ungodly left has been incrementally,systematically, infiltrating the highest level of government agencies and institutions.
Intel, Public Schools, the Media, Sanctuary cities and they mostly had upper hand the Supreme court.
And over a course of 50+ years has trashed the USC

And even IF the average citizen catches on..they have to wait 4 years and MAYBE they will be able elect a better rep.
But in that 4 years in between elections a lot of damage can be done.
How in the name of sanity did we end up with a choice between obama or McCain?
Did the people really believe McCain was the answer? I don’t think so.
And the lying cheating media did it’s part.
It seems like a miracle that Trump got elected because we all know how corrupted the system is.


36 posted on 04/10/2020 5:07:29 AM PDT by Leep (We can go to the grocery store but we can't go to work?)
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To: CincyRichieRich

“...point in the direction of those who elected this commie morons...”

That would be Americans who voted liberal morons into office.


37 posted on 04/10/2020 5:08:57 AM PDT by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: central_va

Paying employees to sit at home after the government shuts your business down as non-essential is a sure-fire way to ensure that those employees won’t have a job to go back to when this madness ends.


38 posted on 04/10/2020 5:14:49 AM PDT by LateBoomer
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To: Aloysius88

They are smart enough destroy our way of life?
They can teach global warming and transgenderism in our schools.
They can kill our live babies?
They forced gay marriage on us..even though the majority were against it?
Men can use the little girls room.
Supposedly one of our own could declared obamacare a tax and it became the law of the land?
Our FBI spent how long investigating a fake dossier?
They falsified FISA?
They tried to impeach the President over bogus charges?
And now they are attempting to withhold life saving medication?
Does anyone believe for a second that the majority of Americans voted for any of this insanity?
It’s a good thing they are stupid or else we would really be in trouble.


39 posted on 04/10/2020 5:19:10 AM PDT by Leep (We can go to the grocery store but we can't go to work?)
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To: Aloysius88

Oh, and does any believe the majority of Americans want open borders?
Or, the Green New Deal?


40 posted on 04/10/2020 5:21:14 AM PDT by Leep (We can go to the grocery store but we can't go to work?)
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