The Wizard of O and his munchkin chorus convened a sing along today where they all got together to belt out their list of old hits: You’re Out of the Woods, We’re Into Your Pockets, Happy Days Are Here Again (Or Will Be As Soon As You Peasants Get With the Program) and, of course The Green Jobs Black Hole.
In other words, the usual suspects got together to recite the same old litany of old, failed ideas and to promise that this time they’d work instead of ending in disaster – as they always have before.
John Stossel sets the Wizard and his miniature minions straight:
Yes. I am sure those “fresh ideas” will come from the trade unions whom the White House just hasn’t heard from much over the past year. At the summit they will also hear from environmental groups “Green for All” and “Coalition for the Green Bank.” I’m sure they’ll have great ideas for job creation.
Will at least some free-market economists get to speak? No. The White House will hear from Paul Krugman, Joe Stiglitz, and Jeffrey Sachs. “Fresh ideas” won’t be heard from these folks.
They and the political class can’t imagine a decentralized world where good things happen…without them. But in the real world, that’s exactly how good things happen, and how jobs are created.
When government sets simple rules that everyone understands and then gets out of the way, free people create jobs.
But the group the Wizard of O assembled believe in command economies, not free ones. And so they all told one another what they wanted to hear and the echo chamber resonated mightily.
But the only job that will be generated as a result of the jobs summit will be of the snow variety. Vast spending will be assured but no positive results should be expected.
