Hillary Clinton and Donald Trump are both on the campaign trail hawking the wonders of still more “stimulus” spending via public works projects. The American economy be damned.
Their shared fundamental belief that politicians can solve all manner of problems through wise public spending — or at least that the key to winning elections is convincing voters that they are the politicians who can do it — calls to mind President Dwayne Elizondo Mountain Dew Herbert Camacho, the fictional president in the great political satire and social commentary of our time, “Idiocracy.”
Of the fictional secretary of the Interior, incorrectly named “Not Sure,” Camacho exclaims:While the President Camacho school of government may appear attractive to some on its surface, Clinton, Trump, and others who advocate central planning in general — and public works projects in particular — ignore its economic illiteracy.
One of the central problems with politics is that often the very policies that win votes are also the ones that are the most economically harmful.
Redistributing wealth to constituents, whether through “jobs” or direct handouts, is among the most common and pernicious of such policies. The system that the Founders bequeathed us would have limited such programs, but the legislative and judicial branches long ago neglected their fidelity to the Constitution and have created a vote-buying free-for-all not only accepted, but also openly celebrated by large swathes of the American people.
Front and center in the annals of economic boondoggles that make for good politics are the public works projects Clinton and Trump are currently pushing.