The distinguished Maxine Waters (D-CA) had this to say on Meet the Press on Sunday (emphasis mine):
"I'm talking about a jobs program of a trillion dollars or more. We've got to put Americans to work. That's the only way to revitalize this economy. When people work they earn money, they spend that money, and that's what gets the economy up and going,"
I just.. I mean.. wha.. um, are you (fill in the bad word of your choice here) KIDDING ME? The only way to revitalize the economy is a $1,000,000,000,000 plus 'jobs' program? Is it just me or did we try this already and failed miserably?
I can only assume that the Honorable Congresswoman has never had an economic course in her life. Her degree is in Sociology after all, whatever the hell that is.
Okay, let's help her here, think back to Econ 101 and see if we can't enlighten her congressionalness:
You have businesses on one side - households on the other. Businesses need resources to create and sell their products. Households have recourses they willing sell to businesses (human recourses/rent etc). In this (bizarre) scenario, firms compete for resources to create products and services driving prices down and selling to consumers more efficiently.
Households get money in the form of wages and rent that they can then spend on goods and services of their choice. This generates more investment in businesses as they expand to meet consumer wants and needs in the market. Sweet! Everybody wins right? Well everyone but the big-government liberals.
For Maxi, this is evil free-market nonsense is just - well unacceptable. You see in her world, the unwashed masses just can't make the right decisions. Free-market is just not enough. According to her view of the world, we need to add another element to 'boost' the economy. And that of course is intervention by the federal government. The only answer (her words not mine).
So her solution is to take 1/14th of the entire U.S. Economy from those who are best suited to create jobs (and thus deliver us from our economic doldrums), and simply transfer it to non-market driven goods and services. So who wins here? Well the Feds of course. By circumventing market forces, she gets to pick the winners and losers. And I am sure that those winners will be disproportionately distributed to those entities (unions) who have consistently stuffed the democrat's coffers.
In her defense I am certain that she couldn't string two coherent sentences together defending Keynesian economics. So we might cut her a break here. That being said she was not even challenged on Meet the Press on this absurdity. Par for the course I guess.