The Democrats have u…

The Democrats have unveiled a rough draft of their plan for going forward. Predictably, it’s more federal government giveaways and regulation. It includes the 21st century version of “a chicken in every pot”.

“We also believe that the nationwide deployment of high speed, always-on broadband and Internet and mobile communications will fuel the development of millions of new jobs in the United States,” Pelosi said.

Wouldn’t a chicken in every pot increase jobs in the farming sector? Let’s try that!

Look, if you want to fuel the creation of new jobs, get out of the way and let the American economy grow itself at its own steady pace. Raising the minimum wage, another familiar plank in this old, creaky platform, will kill job creation, as it prices low-end jobs out of existence. Unions love this, however, since many union contracts are tied to the minimum wage.

Here’s another doozy:

“I was told that an entry level person at Wal-Mart, who works his or her entire career at Wal-Mart, would make as much as the CEO makes in two weeks. A lifetime of work versus two weeks in the executive suite — this is not America, this is not fairness, this is not the basis of a strong middle class that is essential for our democracy. We must change that in our country,” [Pelosi] said.

Just introduce a bill that pays everyone $100,000 a year and be done with it, Ms. Pelosi. That would be “fair”, wouldn’t it?

There is little here that makes any economic sense. It is, as Alexis De Toqueville said, a case of trying to bribe the country with their own money.

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