Under ObamaCare, the Democrats placed the entire health care system under the command and control of the federal government. Through a nearly $1 trillion “stimulus” package, Democrats spent money on “shovel-ready” projects with a promise to “save or create” 3.5 million jobs. To rein in “greed” and to fight “climate change,” the Obama administration imposed billions of dollars’ worth of new regulations on businesses. Through “quantitative easing,” the Federal Reserve effectively printed money to keep interest rates low, a widely disputed policy designed to encourage banks to lend and businesses to borrow.
So where is it? When do we see the massive bounce-back from this “deeply depressed” economy, at minimum the kind of bounce-back that occurred in the ’80s in spite of the allegedly harmful policies of Reagan?
It’s flat-out tough to explain how anti-Reagan policies are supposed to produce Reagan-like growth.
Here’s the real explanation. The top priority of the left isn’t “jobs, jobs, jobs.” Andy Stern, the former head of the Service Employees International Union and hero to the left, makes this clear: “Western Europe, as much as we used to make fun of it, has made different trade-offs which may have ended with a little more unemployment but a lot more equality.”
The goal of the leftist is social justice — using government to close the gap between the have and the have-nots, to secure the “right” to health care. Obama’s policies are therefore an acceptable trade-off even though they kill jobs — as long as it’s somebody else’s job that gets killed.