The name for this post could have just as fittingly been "Economic Ignoramuses in Wonderland." As you read, keep in mind Ayn Rand's mousey Atlas Shrugged character Wesley Mouch, the top dog at the novel's Bureau of Economic Planning and National Resources. Mouch is the government's economically clueless economic dictator.A Democrat party boasting a generous population of Mouches is now at work conceiving economic absurdities during a tentative recovery from one of the worst recessions since the Great Depression. It is important to note that in downturn after downturn, among the effects of consumers' reduced spending lie three crystal clear impacts.1. The wealthiest people cut spending and speculative investing more than anyone else. With less capital at the disposal of companies that live on consumer spending and investor dollars, profits throughout the private sector weaken and jobs disappear.2. Companies scale back operations in proportion to decreased demand and/or move...(Read Full Post)