"Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed to me. I lift my lamp beside the golden door." The Statue of Liberty (P.S. Please be so kind as to enter through the proper channels and in an orderly fashion)

Location: Arlington, Virginia, United States

Monday, March 01, 2010

Ahead of the Curve

A year ago, when the Left was gloating about the "demise" of the Republican Party and American conservatism, and celebrating the coronation of their invincible messiah and the establishment of some millennial rule, guest fj predicted this a year ago, in the commentary section of the February 26, 2009 post:

"I don't want America to fail... but from what I've have seen of Obama's proposed remedies, there is no doubt in my mind that he's CERTAIN to fail, and most likely DESIRES to fail just so that he can justify imposing even more of the demonstrably failed liberal agenda upon us.But let him. It'll be that much easier to neuter him in 2010 and then undo his entire presidency once 2012 finally rolls around."

Good call. Obama still has time to turn things around (or even get turned around by events) between now and '12, and even the Democrat congress could suffer less of a rout than it had in '94, but at this juncture, from last year to now, fj's prediction was remarkably prescient and warranted its own post.

I don't think Obama "desires" to fail, but he is certainly failing big.


Anonymous Anonymous said...

Thanks for the plug, John.

If I've learned anything from Venezuela's experience, it's that Socialists must always get rid of "democracy" and become "totalitarians" like Hugo Chavez.

Their policies are the death of prosperity. They suck all the money that would normally go to "productive" capital investments in infrastructure and machinery through taxes and then blow it on unsustainable perks (usually moral hazards) for social parasites (their constituents).

They don't believe what Adam Smith taught our founders in 1776 when he published "The Wealth of Nations".

Book II Chapter 3

There is one sort of labour which adds to the value of the subject upon which it is bestowed: there is another which has no such effect. The former, as it produces a value, may be called productive; the latter, unproductive*44 labour. Thus the labour of a manufacturer adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his master's profit. The labour of a menial servant, on the contrary, adds to the value of nothing. Though the manufacturer has his wages advanced to him by his master, he, in reality, costs him no expence, the value of those wages being generally restored, together with a profit, in the improved value of the subject upon which his labour is bestowed. But the maintenance of a menial servant never is restored. A man grows rich by employing a multitude of manufacturers: he grows poor by maintaining a multitude of menial servants.*45 The labour of the latter, however, has its value, and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up to be employed, if necessary, upon some other occasion. That subject, or what is the same thing, the price of that subject, can afterwards, if necessary, put into motion a quantity of labour equal to that which had originally produced it. The labour of the menial servant, on the contrary, does not fix or realize itself in any particular subject or vendible commodity. His services generally perish in the very instant of their performance, and seldom leave any trace or value behind them for which an equal quantity of service could afterwards be procured.

To them, work is work and everything is food.

4:31 AM  
Blogger John said...

Well put and exemplified.

11:29 AM  
Blogger SUBHASHIS said...

well presented ...thx

9:28 AM  

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