IdahoLiberty.com

Job creation, government style, is a splashy, photo-op filled, nice-sounding program that makes politicians sound clever and seem proactive. The Boise Valley Economic Partnership is a taxpayer and private money example of the process. They are now four years into this five-year, $5,000,000 government program.

The planned $650,000,000 private/taxpayer investment has fallen short of the goal, but only by $530,000,000. The planned 5,000 new jobs has fallen short by 3,194 jobs. But the Boise area did get 1,806 new jobs (… while losing 10,000 – oops). Those new jobs only cost $66,445 each!
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One of my insurance companies just sent my annual statement. I can see the thousands of dollars I paid in, and the thousands my employers sent them instead of paying me more for my labors. The pretty little charts show how much I should expect to get paid back, in monthly installments, if I decide to ask for it a few years from now.

The bad news is that those with even the most crude understanding of accounting have discovered this insurance company is bankrupt. Yep, their liabilities far exceed their income. They spent my money instead of investing it safely to insure repayment as contracted.
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The popular argument between the Republican faithful and the Democratic faithful rages on. The elephant fans gleefully point out Obama’s failure to fix everything like he promised. The donkey fans respond that it took eight years to create the financial mess.

The correct response is that the path to this point where destruction of our economy is all but assured began in the 1860s where the Rs and Ds agreed that four, five or more somewhat equal political parties was inferior in meeting their needs than two. With a monopoly power-sharing agreement worked out, they then went for the money.
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