The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Obama’s Underpants Gnome Economy

Posted on | December 5, 2013 | 73 Comments

Remember the infamous business plan from the South Park episode?

  1. Collect Underpants
  2. ?
  3. Profit

Say hello to the president’s economic theory:

It would be an insult to readers to explain why this won’t work, but I will say that in my adult lifetime, every increase in the minimum wage has been followed within a year or two by a recession. Drew M. at AOSHQ endeavors to address the flaws in Obama’s idea, but it’s depressing to think that any adult can’t figure out why raising the minimum wage inevitably causes an increase in unemployment.

And speaking of depressing things to think about, we’ve got 9 million people on disability, 15% of them for mood disorders!

Mood disorders! More than a million Americans are currently collecting a check every month because they feel sad.

It that’s not enough to make you fly into a manic rage . . .

The Declaration of Independence speaks of “the pursuit of happiness” as a natural right, but we can’t re-distribute happiness, can’t we?Nevertheless, we’ve got 1.3 million people getting disability payments for mood disorders, and Medicaid pays for their happy pills.

If that’s not enough to drive you crazy, try this:

House Minority Leader Nancy Pelosi (D-CA) on Thursday said Democrats would not support a budget deal that does not extend emergency unemployment benefits, which are set to lapse on Dec. 28 for about 1.3 million people.

Right: We must spend more money we don’t have to pay people not to work and WE ARE SEVENTEEN TRILLION DOLLARS IN DEBT!

OK, so now that you’re in a frothing bipolar rage, hurry to the nearest mental hospital and get diagnosed: Obama-Induced Mania.

There’s a lot of that going around lately . . .

 

 


Category: Barack Obama, Economics

Comments

73 Responses to “Obama’s Underpants Gnome Economy”

  1. Unix-Jedi
    December 5th, 2013 @ 10:59 pm

    $50? If that’s good, $500 would be better!

  2. Obamanomics, a special kind of stupid | The Daley Gator
    December 5th, 2013 @ 11:57 pm

    […] Good Freaking Grief Is anyone stupid enough to believe this will help our economy? Besides dedicated Obamabots of course […]

  3. Proof
    December 6th, 2013 @ 12:50 am

    Raising the minimum wage causes people to lose their jobs or work reduced hours. This leads to prosperity only in cases of unscrupulous politicians who lie to keep their jobs.

  4. ‘Groups of Young Adults’ Bring ‘Knockout Game’ to Yalies | Regular Right Guy
    December 6th, 2013 @ 2:49 am

    […] Obama’s Underpants Gnome Economy […]

  5. archonix
    December 6th, 2013 @ 4:29 am

    I feel it eorthointing out that a minimum wage wouldn’t be necessary if the government and the fed weren’t constantly dicking with the apparent inflation rate. It keeps wages depressed, while costs rise in reality.

    UK government does the same. Bloody liars, the lot of them.

  6. theBuckWheat
    December 6th, 2013 @ 8:34 am

    The smartest people in the room endorse this. But one question. If we are better off as a society when fast food workers are paid $15/hr, how much better of will we all be if we pay them $15,000/hr?

  7. fit4posts
    December 6th, 2013 @ 10:09 am

    every increase in the minimum wage has been followed within a year or two by a recession http://t.co/PzGG5HZ55Y http://t.co/opynjrliQA

  8. fit4posts
    December 6th, 2013 @ 10:16 am

    The Dec of Independence speaks of “the pursuit/happiness” as a natural right/we can’t re-distribute happiness, can we?http://t.co/PzGG5HZ55Y

  9. Fit Forpost
    December 6th, 2013 @ 10:17 am

    It’s vote buying with your (and borrowed, thus your heirs’) dollars.

  10. Emilio_Crosby
    December 6th, 2013 @ 10:31 am

    Obama’s Underpants Gnome Economy http://t.co/9iUVpsQENP

  11. DclareDiane
    December 6th, 2013 @ 10:55 am

    Obama’s Underpants Gnome Economy http://t.co/jeK6kvwZsW

  12. If All You See… » Pirate's Cove
    December 6th, 2013 @ 1:01 pm

    […] blog of the day is The Other McCain, with a post comparing Obama’s economic plan to South […]

  13. CalebHowe
    December 6th, 2013 @ 1:19 pm

    “Obama’s Underpants Gnome Economy” http://t.co/26fCUlFxJu /via @rsmccain Heh. Great minds dude.

  14. rsmccain
    December 6th, 2013 @ 1:20 pm

    RT @CalebHowe: “Obama’s Underpants Gnome Economy” http://t.co/26fCUlFxJu /via @rsmccain Heh. Great minds dude.

  15. cmdr358
    December 6th, 2013 @ 2:28 pm

    You got that right! Vote buying pure and simple. To the Dems it’s a win-win.

    If the legislation passes, it’s “look what we did for you” despite GOP resistance.

    If it fails, it’s “we tried to help you but the GOP resistance was too strong.”

    If the former happens they get votes and the economy is screwed again, if the latter happens they get votes and the economy gets a chance to recover.

    Either way they get what they care about most of all- reelection and it’s not their fault.

  16. IndyEnigma
    December 6th, 2013 @ 6:33 pm

    Obama’s http://t.co/CrYT1oga5X Underpants Gnome Economy ? #ccot #dems #gop #lnyhbt #ocra #ofa #orpuw #p2 #sgp #tcot #tgdn #tlot #uniteblue

  17. MPH
    December 6th, 2013 @ 6:40 pm

    I read an article recently which discussed why they won’t just index the minimum wage to the median wage, resulting in automatic minimum wage adjustments. It’s because they KNOW doing so would cause hyperinflation. They also KNOW that doing it they way the do it still adds to inflation, and damages the economy, but it lets them present themselves as protectors of the poor, who they say companies would pay $0/hr if it weren’t for the minimum wage. Alas, there are a sufficient number of voters who are either too stupid, or too ignorant (thanks to government schools), to realize the lie for what it is.

  18. LisajgunnerLisa
    December 6th, 2013 @ 6:52 pm

    RT @CalebHowe: “Obama’s Underpants Gnome Economy” http://t.co/26fCUlFxJu /via @rsmccain Heh. Great minds dude.

  19. PubliusNV
    December 6th, 2013 @ 11:49 pm

    Obama’s Underpants Gnome Economy http://t.co/cNy2mBFRTP

  20. terriewitte
    December 7th, 2013 @ 5:48 am

    RT @rsmccain: “More than a million Americans are currently collecting a check every month because they feel sad.” http://t.co/TaTRfG7SCA #t…

  21. From Around the Blogroll | The First Street Journal.
    December 7th, 2013 @ 11:19 am

    […] Obama’s Underpants Gnome Economy Posted on | December 5, 2013 | 30 Comments […]

  22. FMJRA 2.0: Drivin’ : The Other McCain
    December 7th, 2013 @ 11:51 pm

    […] Obama’s Underpants Gnome Economy […]

  23. Neo
    December 8th, 2013 @ 8:23 pm

    If the “1%” are the problem, perhaps we should end “1%”-ers on the public dole.
    The growth of “1%”-ers in recent years has been in and about the immediate DC metro area.