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Economic Illiterates Are Running Amok
Townhall.com ^ | April 10, 2020 | Kurt Schlichter

Posted on 04/10/2020 3:58:07 AM PDT by Kaslin

One particularly terrifying consequence of the Chinese Bat Soup Virus that is not yet getting the attention it deserves is how this situation is making already stupid liberals even dumber, especially when they sound off about economics. In the wake of this pandemic, we’ve been subjected to a series of mind-numbing insights from the pinko blue check brain trust that reaffirms the clichéd but true observation that our elite is anything but elite. Leave it to our liberal betters to take a bad situation and seek to make it exponentially worse.

For example, Sally Kohn – oh, you know where this is going – offered an astonishing observation just as the Democrats were obstructing the vital relief our small businesses desperately need:

“I'm really tired of reading how business owners are "forced" to layoff workers. No one made them do that. They *chose* to do that. Not saying it isn't a hard choice, during a hard time, but to say they were *forced* obscures their agency AND casts owners/CEOs as the victims.”

If that hasn’t plunged your IQ to new depths, consider ever-dumb Congresswoman Ilhan Omar (D-Minnesota), who tweeted out this brainstorm:

“We need to cancel rent until this crisis is over.”

Wow. Her economics advice is even worse than her relationship advice.

Okay, it seems like you would not have to explain this to allegedly educated people, but apparently there are still some people who need a lesson in Economics 101. Since I actually own a business, perhaps I have a perspective that C Tier social media personalities and commie grifters could find illuminating.

Here goes.

Are you people stupid? What the unholy hell are you thinking? When there is no income, what do you expect a business owner to pay his employees with? IOUs? Monopoly money? Feelings?

Oh, maybe the boss of that local pizza restaurant that the cough police closed down should just go downstairs to the basement vault in his mansion, pop open the door and take out one of those dozens of big sacks with dollar signs on them that are stuffed with $100 bills and use them to meet payroll. And rent. And insurance. And supplies. And maintenance. And so on. And so on. And so on.

Because that whole thing about cash flow? No, it’s not a thing. It’s a myth! It’s just an illusion for those tuxedo n’ top hat-sporting fatcats who run the local pet stores and such use to fool the proles into believing that there’s not some bottomless well o’ cash these tycoons can draw upon forever.

Yeah, these bigwigs are claiming they are running out of money, but Sally sees through their web of deceit! But in a way she is right – it is kind of a choice. Of course, the choice is bankruptcy or layoffs. And either way, those employees are out of a job.

But the real tragedy would be if people might see “owners/CEOs as the victims” even though they are victims too.

You wonder if people can be this dumb and then you go on Twitter and yeah, people can absolutely be that dumb.

Or even dumber, if that’s even possible.

Really, Mrs. Brother? “Cancel rent?” I guess the president would just use that little-known “cancel rent” power buried behind all those penumbras and emanations in the Constitution. But let’s not get all wrapped up in talk of enumerated powers and stuff. Let’s look at this remarkable suggestion on its own feeble terms. “Cancel rent.” Okay, rent is canceled. Gone! No paying rent! Yah!

Wait, where did the lights go? Power’s out. Wait, you mean that miserable miser is not fronting cash for utilities anymore since you’re, you know, not paying rent? Hey, there’s a plumbing leak! You can just call…oh…awkward! Well, then you can just refuse to pay…oh, right. Well, then maybe you’ll sue your landlord for not doing the things landlords should do, though you are not doing things tenants should do. Oops. He’s bankrupt. Hear that? It’s a sad trombone.

But that’s only at the personal level. Our economy is interconnected. You don’t pay rent, so your landlord doesn’t pay his loan and all those people who used to manage the property. All those guys he used to pay, his bank, the gardener, the power company. Now, they can’t pay anyone anymore. And pretty soon no one can pay anyone anymore.

Congratulations! It’s a depression!

Now, we have focused on how these people are saying stupid things, and the underlying assumption is that they are stupid. But is that why they seem to be rooting for disaster? You’ve already seen progs looking on the bright side – at least this economic carnage will end up owning Drumpf!

Maybe they are simply bad people who want to impoverish you to increase their own power. Have you seen them do anything, anything at all inconsistent with that hypothesis? After all, if they can destroy capitalism by means of knocking out select pillars of the system – like by undermining selected contracts that obligate people to pay their debts – they can get to their desired endstate, and they can blame it on capitalism itself even though a system where you can’t collect rent isn’t capitalism.

Stupid? Evil? A bit of both? It doesn’t matter. What matters is that no matter how much these half-wits pipe up on Twitter, they can never, ever be allowed anything like real power lest we go full Venezuela.

And you should never go full Venezuela.


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: anticapitalist; economic; economiccrisis; economy; ilhanomr; progressiveagenhda; sallykohn; schlichter; wuhancoronavirus
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1 posted on 04/10/2020 3:58:07 AM PDT by Kaslin
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To: Kaslin

‘Journalists’ never could do math or accounting, or hard science. Ever. That’s why they chose that field. Most are flunked out English majors.


2 posted on 04/10/2020 4:01:13 AM PDT by abb
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To: Kaslin
Not just liberals but Conservatives too. Fear is a strong motivator!
3 posted on 04/10/2020 4:01:30 AM PDT by Doofer
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To: Kaslin

“Mrs. Brother.” LMAO.


4 posted on 04/10/2020 4:01:47 AM PDT by Alberta's Child ("And somewhere in the darkness ... the gambler, he broke even.")
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To: abb

I could say a lot on this thread. The thread can speak for itself. I will refrain from comment.


5 posted on 04/10/2020 4:02:17 AM PDT by The_Media_never_lie ( Stop the fearmongering! Post flu statistics along side COVID-19 statistics!)
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To: Kaslin

America is getting what it deserves.


6 posted on 04/10/2020 4:05:41 AM PDT by TTFlyer
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To: Kaslin

what really, truly sucks is there are many, including myself, that have worked hard for years, lived within their means, paid all their bills, have little or no debt, saved a decent nest egg, put the kids through college without any loans....and my life will be destroyed by the coming depression - which would have happened w/o the virus. A depression brought on by people this stupid in power as well as an orgy of stupidity and debt by consumers and corporations.


7 posted on 04/10/2020 4:07:46 AM PDT by wny
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To: abb

Economic illiterates, historical illiterates, natural law illiterates, human nature illiterates, religious illiterates, Constitutional illiterates...must be pre-requisites to becoming reporters or journalists.

Woman reporters, politicians, actors, singers, comediennes...isthere ANYTHING they don’t know?


8 posted on 04/10/2020 4:12:02 AM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and so few by deceit. Noel Coward)
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To: TTFlyer

America is getting what it deserves.
...
Saying that is a copout for thinking of something original. Is it your fault? No. Is it my fault? No. Is is fault of most Freepers here? No. And, we are Americans. Thus we are not getting what we deserve. Stop saying that, and point in the direction of those who elected this commie morons.


9 posted on 04/10/2020 4:14:24 AM PDT by CincyRichieRich (Be still, and know that I am God...Psalm 46:10)
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To: TTFlyer

“America is getting what it deserves.”

Rubbish!


10 posted on 04/10/2020 4:24:59 AM PDT by Shane (When Injustice Becomes Law, RESISTANCE Becomes DUTY.----T.Jefferson)
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To: CincyRichieRich

Excellent reply to that moron. Thanks


11 posted on 04/10/2020 4:26:25 AM PDT by Kaslin
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To: CincyRichieRich

I’ll repeat: “America is getting what it deserves.”


12 posted on 04/10/2020 4:27:21 AM PDT by TTFlyer
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Comment #13 Removed by Moderator

To: TTFlyer

America is getting what it deserves.
...
People get what they deserve only when they see what they could have had...but, no, they won’t see that as they are too miseducated to see it...instead, they’ll believe what CNNMSNBCCBSABCFOXCNBCBLOOMBERG tells them and blame us, and double down on stupid...in fact, maybe they’ll vote illegally a few times to boot. In sum, they will never realize they could have had better if they voted another way. We don’t get what we deserve...it’s our dollars taken from us to backfill for their miseducated actions.


14 posted on 04/10/2020 4:28:25 AM PDT by CincyRichieRich (Be still, and know that I am God...Psalm 46:10)
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To: Kaslin

Not every small business owner is a pauper either. Some are sitting on huge piles of cash and other wealth while at the same time laying off staff. Be careful who you have sympathy for.


15 posted on 04/10/2020 4:33:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: Kaslin
I just put on my “Liberal Thinking Cap” and I believe I have the answer....

The government should just issue everyone a small printing press and they can print out ONLY what money they need...(use the honor system)...then everyone can print $$$ ..each ...according to his needs...../s.

16 posted on 04/10/2020 4:36:16 AM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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To: Kaslin

“Oh, maybe the boss of that local pizza restaurant that the cough police closed down should just go downstairs to the basement vault in his mansion, pop open the door and take out one of those dozens of big sacks with dollar signs on them that are stuffed with $100 bills and use them to meet payroll. And rent. And insurance. And supplies. And maintenance. And so on. And so on. And so on.”

AS a previous owner of a small business I can attest to the fact others who are clueless as to what is involved in owning said business in fact do believe we are all rich. This is nothing new since I owned my business some 20 years ago.


17 posted on 04/10/2020 4:38:03 AM PDT by billyboy15
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To: TTFlyer

62,000,000 others tend to agree with you.


18 posted on 04/10/2020 4:38:33 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: M-cubed
I like you idea but allow me to improve it a bit. Let the US government print(create) all they money the want every year, say $4T/yr. And then stop collecting taxes PERIOD. No income to the US treasury: just let Uncle Sam print away.

Then it would be race between the productive, that can more than keep up with inflation, and the all so rans.

19 posted on 04/10/2020 4:40:44 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: CincyRichieRich; Shane

America is getting what it deserves.
...
Saying that is a copout for thinking of something original. Is it your fault? No. Is it my fault? No. Is is fault of most Freepers here? No. And, we are Americans. Thus we are not getting what we deserve. Stop saying that, and point in the direction of those who elected this commie morons.
************************************************************

Have you ever heard the expression, “We will get the government we deserve”?

And so it is.


20 posted on 04/10/2020 4:41:30 AM PDT by billyboy15
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