Forget the Mainstream Media “Business Analysts”: Economics Prof Explains Obamanomics and Conducts Experiment That Proves His Point

~~By InsightAnalytical-GRL

American Lassie forwarded this little ditty which does what the mainstream media can’t won’t do–explain what extreme government control can do to a country’s get up and go.

Now, I, personally, believe in a strong social safety net, so I’ll NEVER be a Republican.  I’m not far over on the other side of the spectrum which seems to put unfettered business and profit above everything else.  Sadly, we’re in a situation now where pandering to business combined with the autocratic streak of the extreme left, is playing into GOP hands for the future.  When they get back in control on the back of their OWN misinformation and scare tactics, their own autocratic stamp will be put on our lives…the table will have been set for extreme cuts to the social services we need.  The GOP have blocked anything that even tries to help strengthen the social safety net in the past and I think they’re salivating right now at the thought of having a carte blanche in the future to wield a harsh and punitive knife so Medicare, Social Security, etc.  And many workers will suffer, as usual, at the hands of employers, as they have done for eons.

Of course, IF we actually have a sane Democratic Party that fights this in the future, we may survive, but at this point, we don’t have a sane Democratic Party, so all bets are off!

So, here is the current state of affairs explained simply. You may want to pass it around to anybody you know who is confused and needs a basic primer…Of course, things are way more complicated in real life.  After all the big banks are TOO BIG TO FAIL, so that sort of skews the curve…

An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class.

Economics Prof in Action

Economics Prof in Action

That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”.
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D!
No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
Could not be any simpler than that.

12 Responses

  1. Wow, I think even a third grader could understand this. Quick someone, send a copy over to Obama.

  2. Thanks for posting this AI. It speaks plainer than anything that I could possibly say.

  3. Sorry IA, I twisted the initials around, but I am so agitated about another matter that I can hardly see.
    I am sending you an email on it.

  4. Both the far left and the far right are all about power. And both are convinced that they are right. And both are convinced that they know what’s good for us.

    Those of use who are moderates or in the middle know that nothing is ever as black and white or as easy as these idealogues portray them.

    I could never be a conservative Republican anymore than I can be a Democrat anymore. I’m quite content being an Independent that doesn’t trust any of the bastards anymore. That way lies both safety and sanity.

    If sanity ever returns to the Democratic Party I may vote for some of them again. For now, not gonna happen. I will vote for indivifuals as I see fit.

    We simply have to get the entrenched powers out. The longer these asshats stay in office the more power they want and the less they listen to the people. Term limits, public finance, and media out of the primary process. No debates by the media give the organizing and planning back to each party and graciously allow the media to cover the eveents.

    Only then will we get our county back.

    And one last thing, before I step down from my soapbox, no more 1000+ page bills. No one can find time to read them, no one understands them and yet these idiots vote on them. This has got to stop! Okay, rant over. For now. 😉

  5. Interesting O/T tidbit this AM; AIG has posted a rather massive profit for the first time in 7 quarters. They are, in aggregate, more than 7 billion dollars ahead of this time last year. And that’s after they sold off their auto insurance business and paid billions to Goldman Sachs. Hmmm.

  6. I read somewhere- Robert Reich, I think- that all these 2nd quarter profits are a load of bs. These companies aren’t making any money. Instead they are saving money by selling off assets & laying off people. They can’t be doing that forever so expect things to get worse.

    oh, & my Aunt already passed that economics prof tidbit around earlier this week

    • Robert Reich strains credulity for me. I think AIG made profits because that’s what TPTB wanted. It was their reward for paying off Goldman Sachs with bailout and TARP money.

      • If Reich thinks these profits are bogus, he’s most likely right as far a I’ve been reading. What I keep hearing is the “cost-cutting” is generating profits, but revenues and top-line growth is nowhere.

        I posted something a few weeks ago on the economy with views from Martenson and Reich. Reich is surprising me…he sounds like he’s more of a realist that most Obama supporters…

      • he sounds like he’s more of a realist that most Obama supporters…

        Talk about an oxymoron!

        While I do believe that there’s a ton of smoke and mirrors going on with the numbers to hide what they’re doing, I still suspect there were ample rewards for being the Fed’s beotch. Probably a mixture of both.

  7. My former employer, 5/3 Bank, is getting into the payday loan business. Talk about ripping folx off! They were doing some shady stuff when I left there back in 2003, but now they’re just down right sleazy. I’m soooooo glad I don’t work there any more, & so is every former 5/3 employee that I’ve happened to run into. Even the ones who were laid off say 5/3 did them a favor.

  8. Reich still has some brains and, after all, worked for Clinton.
    He’s been calling a spade a spade for quite awhile. In that regard, he’s not completely delusional and it’s sort of brave, considering what the climate has been…Old Rahm could nab him any time…

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