Robert Reich's Last Ditch Anti-Tea Party Scare Tactic

In last Friday's Wall Street Journal, former Clinton Secretary of Labor Robert Reich wrote a fear-mongering editorial entitled Why Business Should Fear the Tea Party.

Worried about the Tea Party's potential effect in today's elections, Reich wrote of how the movement has "shaken the GOP to its core" by defeating RINOs in Senate.

He then moved to his main topic, i.e., Rand Paul's call to abolish the Fed. Reich provides poll numbers showing more Tea Partiers want the Fed gone than does the general public, so it must be bad for Tea Party-backed candidates to win elections. Next, Reich cites Jim DeMint's focus on eliminating the IRS.

By mid-editorial, Reich shifts to basically admitting that Wonderboy has not been good for the economy, but, surely, Tea Party victors in Congress will only increase uncertainty, causing even more economic damage.

In the final paragraphs of his piece, Reich excoriates Michelle Bachmann for sensibly worrying that the current administration is trying to use the G-20 to advance the cause of 'world government. He quotes Bachmann as saying,

"I don't want the U.S. to be in a global economy where our economic future is bound to that of Zimbabwe,"

as if that's not a sensible sentiment.

Reich then reprises Wonderboy's 'cling to their guns and religion' theme, claiming that the Tea Party aims would not be gaining traction if there weren't a recession. He concludes by calling on business to "stand[ing] up to this dangerous idiocy, while actively supporting policies to relieve the economic stresses that fuel it."

In short, Reich is all for business as usual, with no change in the intrusive Progressive policies which, since 1932, have gradually but inevitably brought the US to its current profligate condition.

In Bob Reich's world, that's okay. Don't worry about overwhelming public debt, China's ownership of so much of it, slow economic growth or a weak dollar. And you certainly don't want to do anything too radical to reverse any of those phenomena.

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.