Joe Biden explains his economic theories

Joe Biden explains his economic theories

Neal Boortz
Oct. 19, 2011

Joe Biden dropped in for a visit to an elementary school in Pennsylvania. In an effort to push Obama’s latest piece of the jobs bill, he decided to give an economics lesson to a fourth-grade classroom at Goode Elementary in York City, Pennsylvania. Are you ready for his lesson? Economics 101, as taught by Joe Biden.

• It is OK to seize the wealth that someone else has earned and redistribute it to others who haven’t earned it, simply because the segment of society holding the gun has determined it to be for a moral cause. The ends justify the means.
  

• Taking just a little bit from rich people is OK. It’s just a little. What do they really need that money for anyway? A little bit here … to pay for teachers … a little bit there … to pay for first responders … these rich people don’t NEED this money as much as teachers and first responders. We pick the economic winners and losers in this society. From each according to his abilities, to each according to his needs.
  

• In order to create jobs, government will just give money to people that it deems worthy. This will grow the economy because these people who were given money will be able to spend it. Now since government doesn’t create money, it has to get it from somewhere else. I already explained this one … from the rich people. But please don’t raise your hands and ask me how redistributing wealth magically creates more wealth. I’m afraid
  even the Lib-logic handbook hasn’t figured out an explanation for that one yet.
  

Somehow he failed to mention that pandering to the children’s teachers also help the teacher’s union, which in turn helps Democrats get re-elected. In fact, this $35 billion plan to help teachers and first responders could end up helping out the teachers unions to the tune of $95 million.

I also heard that he had told these 4th graders that the surtax on "millionaires" would mean that they would only pay a mere $500 more per year, when the truth is it will result in over $100,000 in additional taxes. Nothing like blatant lies to go with the indoctrination session.

Wonder if he read that off of a teleprompter?