Lesson in American Economic History
An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on Obama's plan".
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A....
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
It could not be any simpler than that. Remember, there is a test coming up.
The mid-term election in November 2010.....
Update 10/10.... Well that time has come and passed but it appears the Congress still has not learned anything and remains deaf to the voice of the people. Can they possibly believe their own propaganda spewed out by the progressive run media.
I'm not sure why the Republicans are not getting facts such as this out to the public.
The day the democrats took over was not January 22nd 2009 -- it was actually January 3rd 2007, the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress.
The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
"For those of you who are listening to the kool-aid drinking liberal fools propagating the fallacy that everything is "Bush's Fault," think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:
- The DOW Jones closed at 12,621.77
- The GDP for the previous quarter was 3.5%
- The Unemployment rate was 4.6%
- George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION
Remember the day... January 3rd, 2007
- Barney Frank took over the House Financial Services Committee
- Chris Dodd took over the Senate Banking Committee.
The economic meltdown that resulted, happened 15 months later was in what part of the economy?
- BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco's...! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
And who fought against reform of Fannie and Freddie?
OBAMA and the Democratic Congress did...
So when some a-hole tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!
Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel. They were driving!
Set the record straight on Bush...