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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Tuesday, March 9, 2010

Thomas Sowell: Stimulus or sedative?

"President Obama keeps telling us that he is 'creating jobs,' but more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many people have stopped looking for jobs. You are only counted as unemployed if you are still looking for a job.

"If all the unemployed people were to decide that it is hopeless and stop looking for work, the unemployment statistics would drop like a rock. But that would hardly be a solution.

"What is going on, that nothing seems to work?

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