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

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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.