Jumping from the frying pan into the fire

I was shocked to hear a dear friend jump into Bernie Sanders’ camp upon his revulsion with Hillary. He said he assumed that Sanders as President would not be able to accomplish the blatantly hard line socialist policies Bernie promises, such as 90% income tax rate, as if that made Sanders acceptable.

Sanders said to CNBC: “You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country.” This is pure populist rhetoric typical of the Kingfish. It says nothing about the policies that Sanders would pursue, or even if he would pursue a policy to help hungry children in this country, nor any details about his intended policies to help hungry children. Nor does it recognize that the trillions of dollars already spent on the War on Poverty have shown: “Based on a measure of pre-tax, pre-transfer income, the poverty rate would be about as high today as in 1967: over 28 percent.” (quote: Obama’s Council of Economic Advisers, 2014 report) “Nearly 50 million Americans still live in poverty, however, including 13.4 million children, and so there remains a need to do more to help the poor. The 1964 Economic Report of the President estimated that the total shortfall in income necessary to bring all poor families up to the poverty level was $11 billion (about $71 billion in today’s dollars), or about 1.6 percent of the country’s annual Gross Domestic Product.” (IBID)

Of course, Obama’s Council of Economics Advisers report glowing results of the 50 year War on Poverty, which they explain by manipulated statistics, and recommend spending more, raising the minimum wage, and basically continuing to make Americans dependent on their government.

By one simpler measure, observe the rapid growth of the Food Stamp program during the Obama administration. If poverty is declining, then why is the rate of Food Stamp users increasing?

Dependency Nation

Robert Rector, a senior research fellow at the Heritage Foundation and expert in government welfare programs reported in the subtitle of his article in the Wall Street Journal, (link below) “Fifty years and $20 trillion later, LBJ’s goal to help the poor become self-supporting has failed.”

Dear Bernie and friends, clearly, more of the same socialist policies will not be helpful. Lovers of liberty recognize government welfare as totalitarian policy.


Click to access 50th_anniversary_cea_report_-_final_post_embargo.pdf

About budbromley

Bud is a retired life sciences executive. Bud's entrepreneurial leadership exceeded three decades. He was the senior business development, marketing and sales executive at four public corporations, each company a supplier of analytical and life sciences instrumentation, software, consumables and service. Prior to those positions, his 19 year career in Hewlett-Packard Company's Analytical Products Group included worldwide sales and marketing responsibility for Bioscience Products, Global Accounts and the International Olympic Committee, as well as international management assignments based in Japan and Latin America. Bud has visited and worked in more than 65 countries and lived and worked in 3 countries.
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