Do Democrats Understand Economics?

The latest from His Holiness The Bringer of Healthcare:

President Obama unveiled plans Thursday to double U.S. exports over the next five years in hopes of spurring job growth, an ambitious goal that may rekindle the battle over free-trade policy.

The president acknowledged the formidable barriers to his goal: doubts in Congress over new free-trade agreements, misaligned currencies that make Chinese products cheaper on global markets, and continued weakness in global demand, all problems that could dwarf efforts to promote U.S. products and services abroad.

But, Obama said in a speech, “in a time when millions of Americans are out of work, boosting our exports is a short-term imperative.”

Just a couple of things – don’t American’s have to be working in order to produce exports?  It’s not like 10% of the labor force is out of work and not producing anything.  And don’t other countries have to buy the stuff we export?  And doesn’t your party contain the biggest bunch of anti-free traders in the world?

So how is this wondrous and magical export increase to be created?  Glad you asked:

Designed to deliver on a pledge he made in his State of the Union speech, Obama’s plan includes $2 billion in new export financing through the Export-Import Bank, which helps U.S. companies finance overseas sales; establishment of a Cabinet group to promote U.S. goods and services abroad; and an expanded role for the Nixon-era President’s Export Council, to be chaired by W. James McNerney, Boeing’s president and chief executive. Restrictions on the overseas sale of some high-end technology goods may also be eased.

So $2 billion more that we don’t have and will have to borrow from the rest of the world, two new bureaucratic idiocies, and allowing China to buy more of our technology to improve their weapons.  I’m sure the money will get spent, that’s the one thing that Democrats are good at doing.  But do you think any of this will produce more than a handful of jobs?  Well, His Highness thinks he will get:

If successful, the president said, the program would create 2 million jobs. Experts said the viability of that figure would depend on the type of exports that are expanded.

2 million new jobs?  Even the Washington Post has to immediately undercut the idiocy of that statement.  This is supposed to be the smartest guy in the room.  The Harvard Professor.  But aside from drooling idiots, could you find anyone in America who thinks that this mess of new spending is going to come anywhere close to producing 2 million jobs?

I realize that we have now had a couple of years of Obama and his flunkies lying to us, but this still hits a level of DUUUUH that I find astonishing.

Great Moments in The Obama Presidency: Caterpillar Edition

February 11, 2009:

Obama said Caterpillar’s CEO has told him that if the stimulus bill passes he would be able to rehire some of those employees.

February 18, 2009:

President Barack Obama signed his $787 billion economic stimulus package into law Tuesday, with an upbeat speech emphasizing the road to recovery.

March 18, 2009:

Caterpillar Inc, the world’s largest maker of construction and mining equipment, notified an additional 2,454 workers in three states on Tuesday that they were losing their jobs as the company continues to try to bring production in line with plummeting demand.


GM – No Jobs Means Eco-Friendly

As reported in at the People’s Cube:

GM Chairman and CEO Rick Wagoner said before the automakers’ annual meeting in Delaware that his conscience is finally clear of concerns about Global Warming and saving the polar bears. “Jobs should no longer be viewed as the source of income, economic stability, and overall satisfaction, because the government is supposed to take care of all that,” he said. “Do we dream of bringing back industry? Or do we recognize that technology is an abomination against nature; that free enterprise is exploitation; that private property ownership is impossible; and Western Culture is the root of all evil?”

Wagoner said he was glad to help the American automakers to lead the rest of the world by example in adopting environmentally friendly lifestyles. “Some people may call you unemployed, but they will be wrong. You are not unemployed – you are the ecologically aware non-income-earning earth-friendly members of society.”

“Finally you and your families will be able to live on the same diet as the caribou in ANWR, who are known for their lean and healthy looks,” Wagoner said.