If you are not a fan of Thomas Sowell, you should be. A few years ago, I read his book, “Vision of the Anointed.” There was one particular section of the book that stuck with me, and it is especially relevant considering the speech President Obama gave yesterday in Racine, Wisconsin.
Now, every economist who has looked at it has said that the recovery did its job. It put a brake on the collapse of the economy. We avoided a Great Depression. We are now growing again. The problem is, number one, it’s hard to argue sometimes, things would have been a lot worse. Right? So people kind of say, yeah, but unemployment is still at 9.6. Yes, but it’s not 12 or 13, or 15. People say, well, the stock market didn’t fully recover. Yeah, but it’s recovered more than people expected last year.
So part of the challenge in delivering this message about all that the Recovery Act accomplished is that things are still tough, they just aren’t as bad as they could have been. They could have been a catastrophe. In that sense, it worked.
First of all, that very first sentence is a lie.
It’s that simple.
Now read the rest.
Things are bad, but they could have been worse.
Thomas Sowell wrote the following back in the mid 1990s:
Could he have summed up the Obama administration any better?
- There’s an economic crisis.
- Obama implements the Stimulus Plan, much to the consternation of people who respect the limited role of government.
- The Stimulus Plan fails.
- Obama says, “Yeah, but it would have been much worse without it.”
Really? Prove it.
As Sowell wrote, “No burden of proof whatever is put on those who had confidently predicted improvement.”
Obama makes the claim, his myrmidons nod in sycophantic agreement and the cancerous cure of Keynesian economics continues.
Until November, that is.
Cross posted at Right Wing News.