“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker



Thursday, January 29, 2009

Robert Reich's Own "Leaky Bucket"

On the way to birthing the useless and bloated 'stimulus' package, the Democratic Congress heard testimony from everybody's favorite wacky left-wing economist, former Clintonista Bob Reich.

Unbelievably, for an economist, Reich argued that minimal relief, if any, from the stimulus spending should go to "white male construction workers or skilled workers."

Instead, Reich argued that this is the perfect time to remedy disparities by focusing aid on minorities, the unskilled, uneducated, and women.

Leaving aside whether that would even be legal, or would merely invite a program-stopping barrage of lawsuits that would make the New Deal look legal by comparison, Reich's testimony was simply ridiculous.

As an economist, he should know that one wants the most efficient uses of resources for society's benefit. But not this time. No, Bob wants us to use the least efficient resources, and basically toss massive training of, well, anyone who isn't a white male or skilled, into the uber-package.

Why not have our pets do some work, too? How about the mentally deficient? In effect, anyone but the best-qualified.

That's liberal democratic economics for you.

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