As many thrills as he sends up Chris Matthews’ leg and despite his ability to walk on water, Barack Obama like all legislators cannot create jobs. All any politician can do is take resources from the private sector and allocate them according to his or her own fancy, often towards favored constituencies, at a prohibitive and wasteful cost.
Instead of letting individuals determine how best to allocate land, labor and capital based upon their own subjective values and aspirations, the government in its self-attributed divine wisdom believes it is morally right for it to squander other people’s money. Apparently, we are not ourselves capable of deciding how to dispense with our property, and deal with the consequences of such actions good or bad.
