If anything is true about St. Amy of Hennepin County, aka Amy Klobuchar, it’s that she’s economically illiterate. St. Amy’s issues page is filled with liberal gobbledygook. St. Amy’s plan for the economy is titled “Shared prosperity and economic justice.”

On the page, is says “Too many people aren’t sharing in our country’s economic prosperity. Shared prosperity is about ensuring all families have a fair shot in today’s economy, and Amy believes that this means investing in quality child care, overhauling our country’s housing policy, raising the minimum wage, providing paid family leave, supporting small business owners and entrepreneurs, as well as helping Americans save for retirement. She will also cut child poverty in half in a decade and end it in a generation with policies based on a report from the National Academies of Sciences. Read more about Amy’s child care and paid family leave policy here.”

Following the “helping Americans save for retirement link leads you to an article with a title of “Democrats want to force businesses to contribute to retirement plans and they’ll pay for it by raising taxes on the wealthy.” Apparently, St. Amy is a Obama Democrat in terms of economic philosophy. Taxing companies to pay for counterproductive policies isn’t foolish. It’s stupid. It’s the basis of socialism.

First, is there a capitalist alive that thinks that taking capital away from a company is wise? When the government steals money from productive companies (it’s the company’s money, after all), then gives that money to someone who isn’t productive, how does that strengthen the economy and provide jobs? Hint: It doesn’t.

Jobs aren’t created unless capital is created. Further, companies and labor are mobile. Sen. Klobuchar apparently didn’t learn that. When the Obama corporate tax hikes went into effect, companies left for Mexico, China, South Korea, Vietnam and other nations. When President Trump cut the corporate and individual tax rates, companies returned, then started investing in labor, plants and equipment. Workers were hired. New equipment was purchased and installed. Training for employees was required, which made employees more valuable. Employees got bonuses, better benefits (including retirement accounts) and higher wages without raising taxes.

We’ve seen how high taxes cripples the economy. It’s called Obamanomics. We’ve seen economic growth, wages, job creation accelerate since the implementation of President Trump’s policies. Millions of people say that they’re in better financial shape today than they were 3 years ago. President Trump’s approval rating on the economy is 63%. People are confident that they’ll be better off a year from now than they are today.

Klobuchar wants to tear down the most productive economy of my lifetime and replace it with the most foolish economic policies of the past 50 years. Imagine what would happen if the Fed didn’t keep interest rates virtually at 0% during the Obama administration. Imagine what the GDP would be right now if Jerome Powell had kept interest rates low instead of raising them.

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