"The only real cure for poverty is production. The way to maximize production is to maximize the incentives to production....
...the simple truth [is] that demand never needs to be stimulated. As humans our wants are unlimited, so when economists say we must stimulate demand, they're ignoring the greater reality that all production is engaged in with an eye on consumption. Demand is the easy part...
At all times...there is as much work to be done -- as many potential jobs to be filled -- as there are unsatisfied human desires which could be satisfied with a greater production of wealth; and as these desires are limitless, the amount of work to be done -- the number of potential jobs to be filled-is also limitless.
What actually drives economic recovery and growth is increased production, which results from increased incentives to produce, and reduced costs burdening production. That involves reduced tax rates, which allow producers to keep a higher percentage of what they produce. It also involves reduced regulatory costs and reduced costs of government spending...But Obama refuses to consider any of this because it involves reducing rather than expanding the power of government, and he is rigidly opposed to that ideologically... This doesn't mean we should not extend unemployment benefits. It just shows that Obama and the Democrats have no understanding of how to promote economic growth and recovery. " [American Thinker]
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