UNCLE JOE WANTS YOU TO DO NOTHING
This is partly why communism and socialism always fail and why capitalism has historically lifted more people out of poverty than any other system in the world. Americans are not stupid... They’re better off collecting Uncle Joe’s unemployment checks as long as they can rather than taking a job they don’t want. But is that really the right thing for the nation as a whole? As I’ve written before, the first round of stimulus checks was truly needed. Americans got caught flat-footed by the pandemic and required that extra support. The Biden administration has put enough incentives in place to actually create poor outcomes – in this But by the time then-President Trump was handing out ANOTHER round of checks, I grew skeptical. I knew that Americans were beginning to go back to work and more stimulus money could threaten their return. And by the time we were hit with Joe Biden’s $1.9 trillion stimulus package, the handwriting was on the wall. The Biden administration has put enough incentives in place to actually create poor outcomes – in this case, Americans are often choosing not to work because it’s more profitable to stay home. case, Americans are often choosing not to work because it’s more profitable to stay home.
Yes, I get that the White House wants to blame childcare issues, and of course those are real. But all of this is rooted in the same problem... Childcare workers aren’t going to work, therefore mothers and fathers who need childcare can’t go to work, and so the cycle continues. The Politics of This Moment Unfortunately, I worry that a lot of the poor policy decisions that are being made today are rooted in politics. I wish they weren’t... I wish that sound economic policy could be just that – sound economic policy. I wish we had better fiscal discipline and could keep government on a shorter leash... allowing it to protect us in ways that make sense while not intervening in our lives in ways that just don’t. But alas, that ship has sailed. The Left has become all about big government, the let’s make the “rich” pay their fair share... and they’re emboldened by a group of radicals who thinks it’s their “right” to take from those who earn and to give to those who don’t. As such, we’re living in a time in which you can actually see the breakdown in economies by state. Could it be that poor policy choices made by blue, Democrat-led states resulted in higher unemployment rates? According to the Committee to Unleash Prosperity, a group led by my friend Stephen Moore – former Wall Street Journal editorial board member and former tax policy advisor to the Trump administration – the answer is yes. The committee has pointed out that the seven states with unemployment rates above
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May 2021
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