Bonfire of the Absurdities in News New Format

Sowell: Doing Nothing Best Way To Aid Economy Now

Dr. Thomas Sowell: To help economy, don’t just do something, STAND THERE!“There was a stock market crash in October 1929 and unemployment shot up to 9% — for one month. Then unemployment started drifting back down until it was 6.3% in June 1930, when the first major federal intervention took place. That was the Smoot-Hawley tariff bill…”Yeah, no Porkulus, no Solyndra, no TARP, no GM bailout, and no opportunity for the pols to grease the palms of favored constituencies.

This post was last modified on January 26, 2021

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Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (3)

poppajoe49 says:

September 16, 2011 at 6:13 am

Obama is looking at the chart upside down.
RockingHorseGuy says:

September 15, 2011 at 9:06 pm

Obama has access to these figures. What he is doing, he is doing on purpose, with the intention of destroying this country. He may not be the best and brightest, but he's the best that his puppeteers could get elected, and he's doing exactly as he is told.
- KimmyQueen says:
  
  September 16, 2011 at 6:14 am
  
  I am going to have to agree. He is a fool for doing it, but he is not doing it because he is a fool. He is not the most intelligent man in the world, but he does know what he is doing. In order to implement the socialist agenda, and "rule" over the masses, you have to break the masses down and while the masses think that they can band together and make things better, the elite will not be able to rule. This is why it is so important not to give up.