Congressman James Clyburn of South Carolina proves beyond a shadow of a doubt that socialists haveÂ no concept of what aÂ free market means or how economies are supposed to function, nor does he have any clue what the long-term ramifications for his asinine ideas actually are:
“We are not going to save our way out of this recession, we’ve got to spend our way out of this recession. And I think most economists know that.”
“You’re not going to grow this economy by wishin’ it.”
Perhaps economists who have never worked in the private sector and study only theory, as opposed to practical application subscribe to this ridiculous idea. Our current Fed chairman is one such theoretical economist.
But anyone who has ever balanced a check book or had a credit line understands in pretty clear terms what happens when you have no savings and you spend more money than you have coming in.
This isn’t rocket science. It’sÂ third grade math.
No, we can’t wish the economy back to life. But we can wish and then mobilize to get fools like this out of Congress.Â