Sunday, December 13, 2009

Creating jobs and wealth

Congressman John Campbell (R-CA) at Townhall wrote about how Obamanomics (saving and/or creating non-existent jobs) could work in real life using the Obamath. He gave an example of “saving” calories he could have eaten but didn't, and how he could gain weight. He asked his constituents for examples and thought this one the best.
    Dear John:

    Using Obamamath, I've just saved, nay, created a great deal of money. How? I had wanted to buy a new Lamborghini Gallardo roadster so that I could drive to the White House to personally thank our beloved President for all that he is doing to save us from financial ruin. The trip, via New Orleans in order to view the results of former President Bush's failure to forestall Hurricane Katrina, would have been an approximately 6,000-mile roundtrip.

    I didn't buy the Lamborghini, as it wasn't manufactured by Government Motors. I not only saved (created) some $243,000 (including tax) by not making this purchase, but I saved (created) an additional $1,500 by not purchasing fuel for the trip.

    Since both the Gallardo and its fuel would have been imported, I'm sure that the Governmental Accountability Office would classify these as "green" savings.
    Thus by not buying a Lamborghini Gallardo, and not driving it to visit our President, I will have created a total of $244,500 in Green Savings. Not bad for an amateur!

    But think for a moment: If each of the approximately 4 million families who live in Barack Obama's Illinois and Joe Biden's Delaware were to NOT buy a new Lamborghini, and NOT drive to the White House (via New Orleans), we would create an additional $1 trillion in new Green Wealth. Now that's Obamawealth with a vengeance!

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