sunset from behind the wire

sunset from behind the wire

Saturday, July 9, 2011

ObamaNomics

Ovid writes [in Metamorphoses XI] that Dionysus found that his old schoolmaster and foster father, the satyr Silenus had disappeared. Apparently the old satyr had been drinking wine and had wandered away drunk, later to be found by some Phrygian peasants, who took him to their king, Midas. King Midas recognized him and treated him hospitably, entertaining him for ten days and nights with politeness, while Silenus delighted Midas and his friends with stories and songs. On the eleventh day, he brought Silenus back to Bacchus in Lydia. Bacchus offered Midas his choice of whatever reward he wished for. Midas asked that whatever he might touch should be changed into gold.

And things didn't work out quite the way that Midas wanted them to. The Obama Administration wants to create jobs but the unemployment rate keeps rising --- because job creation is not a function of government. It's a function of private industry. Government can get out of the private sector's way, which will naturally result in job creation. Or they can impede private industry with more taxes, regulations and worst of all, UNCERTAINTY. 

Every time the economy takes another dip, Obama takes the podium and talks about how happy days will soon be here again, if only he can spend MORE MONEY to 'spend our way out of a depression'. But it doesn't work that way - and horse apples will never be turned into gold. (H/T Dale for the graphic)

7 comments:

  1. Good post and good points LL! And yeah, horseapples...

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  2. A horse turd may be called an apple, but I'd hate to make a pie of them.

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  3. A great image. Yes he needs to stop trying to fix things he does not understand. It reminds me of a child who takes apart a watch and can't figure out how to put it back together.

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  4. Trestin - It's kind of like taking something apart and putting it back together with a lot of "spare parts" left over -- and pronouncing it repaired.

    WoFat - Well, they want us all to take a bite of their pie.

    NFO - We need things fixed, and this is not the Administration that will even attempt it.

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  5. Ah yes, the famous Obama Golden Road Apples.

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  6. Excellent image! That was a good example of the watch, Trestin and LL.

    Obama is too indebted to Marxism. He's either clueless about economics or is intent on destroying the U.S. from within, economically.

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  7. The Republicans would do well to make use of his own words in advertising...

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