|The Economy After Eight Years of Obama|
The economy has been likened to a pie. I am now likening it to a pot of soup, made by hobos out by the railroad tracks, another five years from now, near the end of Obama's second term as President. The hobos used to be bankers but that just doesn't pay much anymore.
Each hobo brings something to create the soup: a piece of ham, an onion, a potato, etc. But how to divide the soup, that is the question.
The hobo who puts in a piece of ham insists his contribution is more valuable than the others, and so demands two cups of soup or he will take his ham and skedaddle. The others agree, as soup without any meat isn't so great. Three others bring an onion, a potato, and a tomato. They each get one cup of soup. The remaining two hobos bring minor ingredients: some celery and some salt and pepper. They each get only a half cup of soup, since they didn't contribute that much.
See the pattern here? In the simplified economy after eight years of Obama, certain economic realities will still hold sway. Number one is that you get back in proportion to what you produce. If you want more you must produce more. The economy is one big exchange of goods and services; those who bring only their appetites to the table
Now the soup is ready to serve, but a group of radical hobos sweep down from another camp, swipe all the soup and eat it themselves, shouting "hobos before profits!"
These robber-hobos represent a second economic reality: there will always be bums who think they are entitled to take what you produce.