States' LET'S EMPHASIZE THE 'NET POSITIVE': Pay Cuts Present Mixed Economic Blessing - WSJ.com
Gee - and, by not raising taxes, maybe more private sector employers will stay in the state or not close up shop.
There is an old saying about "economic utility", which is fostered by the ideas of supply and demand and choice.
When government decides to intervene with supply, demand or choice, the results are always net negative. But, Obama and the liberals and the unions don't get it. They think taking from workers and giving to non-workers is a net positive. As a result the economic rebound has been moribund at best.
The Republicans and their religious mullahs aren't off the hook either. The hate they preach has probably led to a decade of future foreign business leaders not coming to the US. The impact of this is still a few years off - but, it is clearly evident in the lack of economic growth.
Monday, May 2, 2011
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