As part of his campaign to expand the size and scope of the federal government (and to justify his advocacy of class-warfare taxation), President Obama has been asserting that all of us benefit from government spending.
It’s why he now echoes Elizabeth Warren’s claim that entrepreneurs owe their success to government programs and activities.
It’s also why he cites the Internet as an example of wise, prudent, and far-seeing government intervention.
Sounds like a powerful example. The kind of anecdote that leaves libertarians momentarily speechless.
But there’s just one small, tiny, itsy-bitsy, teeny-weeny problem with Obama’s example. It ain’t true.
Here are some excerpts from a first-rate column by Gordon Crovitz in the Wall Street Journal.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 20th, 2014 | John Ransom