Danny Davis’ Twisted Take on Jobs

March 11th, 2010

If you want to understand just how twisted Congressman Davis’ economic views are, his recent appearance on Fox News’ Your World with Neil Cavuto is a great introduction.

In the interview, which discusses the “Jobs Bill,” Davis makes the following outlandish arguments:

1. Not passing the bill would mean the government is “hoarding” money from the economy

Davis has said this before, and it’s patently ridiculous. Our government is currently running both the highest debt and highest deficit in our country’s history. For decades, we have been operating at the extreme polar opposite of “hoarding” — spending all of our all savings as well as some of the savings of other, poorer countries. By contrast, countries that could truly be considered as hoarding money (such as China, India, Brazil and Singapore) have economies that are continuing to grow.

2. Not giving jobs to the unemployed will cost the country more in care for these people

This might be true if Davis was talking about eliminating barriers to productive employment, but he’s not. The kind of stimulus programs Davis has largely supported have been the kind that rely on money “trickling down” to those in need, usually through corporate sectors like the automotive, real estate — and recently — coal freight car manufacturing industries. It would actually be cheaper — and more humane — to simply give the money directly to the needy (through either tax cuts or stimulus checks), rather than making them toil at an artificial job for a small cut of the cash.

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News, Prosperity Issues

  1. March 13th, 2010 at 05:03 | #1

    It’s “hoarding”! Not “hording.”

  2. March 13th, 2010 at 07:16 | #2

    hording, verb, to gather in a horde: The prisoners horded together in the compound.

    Oops. My bad. It’s been fixed. Thanks for pointing that one out.