“The heart of the wise inclines to the right,
but the heart of the fool to the left.”
Monday, August 23, 2010
From Deroy Murdoch's opinion piece
"Obama's middle initials should be O.P.M., as in "Other People's Money." He spends trillions relentlessly. And none of it is his money.
Washington is costly, too. Obama loves federal assistance for alternative energy projects. Supposedly they create jobs. The August 9 Newsweek compared the taxpayer costs against the employment benefits of several such initiatives. U.S. Geothermal received a $102.2 million loan guarantee for a project that employed 10 people. Cost per job: $10.2 million. Brightsource Energy's $1.37 billion guarantee funded a program that yielded 86 positions at $15.9 million apiece. Abengoa Solar's $1.45 billion guarantee produced 85 jobs at $17 million each. (Emphasis mine, Travelwise42)
Well, at least the feds who perpetrate this nonsense work cheaply.
As the Bureau of Economic Analysis recently concluded, in 2009, average private-sector compensation (salary and benefits) was $61,051. Among federal civilians, however, such compensation was $123,049 -- slightly more than double. Since 2000, inflation-adjusted private-sector pay has grown 8.8 percent. Among federal civilians, compensation is up 36.9 percent.
Watching Democrats champion tax increases amid such staggering federal greed is obscene, bordering on pornographic.
Not surprisingly, in a Rasmussen survey released Wednesday, 28 percent of likely voters surveyed believe the U.S. is on the right track, while 67 percent think this republic is on the wrong track. Also, 65 percent are at least "somewhat angry," while 40 percent are "very angry."
Come November, Americans should take this justified fury and fire it like catapults at the Washington Democrats who demolish this beautiful country just a little more each day they go to work.
(Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.