Monday, January 16, 2012
Tina Korbe at Hot Air is reporting that at a recent banquet Nancy Pelosi declared, "Nothing brings more money to the Treasury of the United States than the education of the American people." Coupled with her novel insight in 2010 that "...unemployment insurance… is one of the biggest stimuluses (sic) to our economy," the former House Speaker has developed an economic theory that could potentially relegate Adam Smith's and Frederick Hayek's quaint ideas to the intellectual dustbin of history. Given that high school students are flocking to college in record numbers only to find upon graduation that the jobs are rather scarce, the only missing element is a way to deliver unemployment benefits to college grads who have never had a job. If the Democrats can retake the House, hold onto the Senate, and reelect the President on their coattails, I'm sure they could push through some quick legislation to fix this gaping hole in our country's economic engine. Then we could just sit back and watch the Pelosi Economic Perpetual Motion Machine propel us out of the ditch (that Bush drove us into) and down the Hope and Change highway to the future. Just thinking about it gives me the chills.