Thomas Sowell’s article “Are Facts Obsolete?” discusses one of the questions I have pondered a lot during the presidential elections. Where are the facts? Why aren’t the candidates talking about the facts? According to Sowell:
A politician’s problem is how to look like he is for “the poor” and against those who are “exploiting” them. The facts are irrelevant to maintaining that political image.
So let’s look at some of the facts that Sowell brings out.
Raising taxes, increasing government spending and demonizing business? That is straight out of the New Deal of the 1930s.
The New Deal was new then but it is not new now. Moreover, increasing numbers of economists and historians have concluded that New Deal policies are what prolonged the Great Depression.
Putting new restrictions of international trade, in order to save American jobs? That was done by Herbert Hoover, when he signed the Hawley-Smoot tariff when the unemployment rate was 9 percent. The next year the unemployment rate was 16 percent and, before the Great Depression was over, unemployment hit 25 percent.
Sen. Obama loves to talk about how he is for change and a new kind of politics. Yet the fact is his policies were practiced in the 30s. They didn’t work then and won’t work now. The truth is Reaganomics works. The GDP grew an average of 3.4% a year during Reagan’s time in office. Unemployment and inflation also dropped during this time, and there was a net increase of about 16 million jobs. What Sen. Obama is proposing is the exact opposite of Regan’s policies, and yet so many Americans think it will work. Or are they just being wooed by his rhetoric of change and new politics?
Another type of change and new politics that Sen. Obama is talking about is raising the minimum wage. If I were given a dollar every time raising minimum wage was on a ballot in this country, then I’d probably be a millionaire. Is this the change and new politics we need? Let’s look at the facts. From Sowell’s article we read:
Obama is for higher minimum wage rates. Does anyone care what actually happens in countries with higher minimum wage rates? Of course not.
Economists may point to studies done in countries around the world, showing that higher minimum wage rates usually mean higher unemployment rates among lower skilled and less experienced workers.
Minimum wage is one of my pet-peeves. No one was ever meant to live and support a family off minimum wage. Yet if the Democrats had their way, I bet all Americans would be making minimum wage. I remember a question in the CNN/YouTube Democratic debate in which almost all the candidates said that they would accept minimum wage as payment if they were put in office. That is ridiculous. Minimum wage is just that, the minimum wage that someone can be paid. It was meant for teenagers starting their first job at McDonalds, not Presidents of the United States or to support families.
Go read Sowell’s article. There are many more facts he brings up that just make some of Sen. Obama’s policies seem ridiculous. Then ask your self if this is the kind of change and new politics we need in this great country.