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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (377623)	8/10/2010 5:43:38 PM
From: Bearcatbob	7 Recommendations Respond to of 793957

This is one of the key issues of our day. There is no doubt that Team Obama is going to do wealth redistribution. Simply put - Obama is going to redistribute - and on this he honestly campaigned. What I simply do not understand - and I think will be the ultimate failure of the man - is the need to destroy the wealth creator as well as to increase the take from the wealth creator. If Obama is going to do wealth taking - he should try to implement policies to maximize creation of wealth so it is there to take. Obama is foolishly eating the seed corn to increase the dietary quality of his followers. It is stupid and wrong. He is failing miserably and for clear and obvious reasons. Bob

To: Maurice Winn who wrote (377623)	8/10/2010 6:17:34 PM
From: Joe Btfsplk	Respond to of 793957

the grip...of "intuitive economics" Israel Kirzner put it well: "The conclusions of economics are, in general, counter-intuitive. Without careful guidance, the intelligent layman is likely to be led to accept as “obvious,” policy prescriptions that economics reveals as tending to generate wholly unwanted consequences."