Our Government Doesn’t Create Jobs, It Kills Them
President Obama says government will have to build the nation out of the economic trough. “We’re the country that built the intercontinental railroad,” Obama says. “So how can we now sit back and let China build the best railroads?” Ironic that he mentions the Chinese. Progressives used to complain that to build the railroad, bosses abused Chinese workers — called them “coolies” and treated them badly. Now this is big success? I guess Obama doesn’t know that the transcontinental railroad was a Solyndra-like Big Government scandal. The railroad didn’t make economic sense at the time, so the government subsidized construction and gave the companies huge quantities of the best land on the continent. As we should expect, without market discipline — profit and loss — contractors ripped off the taxpayers. After all, if you get paid by the amount of track you lay, you’ll lay more track than necessary.
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