Free Markets, Free People

Education

Immigration May Detract From Other Issues

President Obama, has decided that in addition to the health care, energy and education debates, he’ll also crank up the immigration debate:

He said then that comprehensive immigration legislation, including a plan to make legal status possible for an estimated 12 million illegal immigrants, would be a priority in his first year in office. Latino voters turned out strongly for Mr. Obama in the election.

“He intends to start the debate this year,” Ms. Muñoz said.

12 million is the low-side estimate. Others estimate the total to be as high as 20 million.

Here is the argument he can plan on seeing prominently pushed from the other side as it concerns legal status for illegal immigrants:

“It just doesn’t seem rational that any political leader would say, let’s give millions of foreign workers permanent access to U.S. jobs when we have millions of Americans looking for jobs,” said Roy Beck, executive director of NumbersUSA, a group that favors reduced immigration. Mr. Beck predicted that Mr. Obama would face “an explosion” if he proceeded this year.

“It’s going to be, ‘You’re letting them keep that job, when I could have that job,’ ” he said.

The argument that the jobs immigrants hold are jobs Americans won’t do rings even more hollow in a recession.

Additionally, starting this emotional issue up now, while he’s trying to push the other issues I mentioned is going to diffuse focus and may cost him critical support on health care, energy or education.

This is not a smart political move. But it is one I welcome.

~McQ

Years of Math

From an email.

Why? Because I think it is funny. And yes, I understand that we are still capable of and do teach math well.

But as I chuckled about it, this bit of humor is more about our priorities and some cultural issues than math.

1959-2009 (in the USA )

Last week I purchased a burger at Burger King for $1.58. The counter girl took my $ 2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters , but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried. Why do I tell you this? Because of the evolution in teaching math since the 1950s:

1. Teaching Math In 1950s

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit ?

2. Teaching Math In 1960s

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?

3. Teaching Math In 1970s

A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit? 

4. Teaching Math In 1980s

A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.

5. Teaching Math In 1990s

A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20.  What do you think of this way of making a living? Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers, and if you feel like crying, it’s ok.)

6. Teaching Math In 2009

Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?

~McQ

The Dishonesty Inherent In The Administration’s Economic Claims

David Brooks, 3 days after a semi-courageous, “what-the-heck-is-going-on” column, received calls from the senior staff at the White House and quietly got back in line:

In the first place, they do not see themselves as a group of liberal crusaders. They see themselves as pragmatists who inherited a government and an economy that have been thrown out of whack. They’re not engaged in an ideological project to overturn the Reagan Revolution, a fight that was over long ago. They’re trying to restore balance: nurture an economy so that productivity gains are shared by the middle class and correct the irresponsible habits that developed during the Bush era.

The budget, they continue, isn’t some grand transformation of America. It raises taxes on energy and offsets them with tax cuts for the middle class. It raises taxes on the rich to a level slightly above where they were in the Clinton years and then uses the money as a down payment on health care reform. That’s what the budget does. It’s not the Russian Revolution.

How moderately wonderful, right? They’ve now dazzled Brooks again. They’re not “liberal crusaders”, they’re moderate pragmatists who want to lend stability to the economy.

Brooks then goes through a litany of things “Republicans should like”. He finishes up by claiming he still thinks they’re trying to do too much too fast, and that may lead to problems “down the road”, but all in all, he’s impressed by their sincerity, commitment to what is best for America and the fact that all of this is not going to cost anywhere near what all the critics claim.

On their face, the arguments are nonsense. This is the biggest planned expansion of government in a century. Estimates are the federal government will be hiring between 100,000 and 250,000 new employees to oversee its new programs and spend the trillions of dollars being borrowed through debt instruments right now.

Unlike the rather facile and easy to impress Brooks, Charles Krauthammer takes a look at the spin and deconstructs it rather handily.

At the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the entire banking system. One can come up with a host of causes: Fannie Mae and Freddie Mac pushed by Washington (and greed) into improvident loans, corrupted bond-ratings agencies, insufficient regulation of new and exotic debt instruments, the easy money policy of Alan Greenspan’s Fed, irresponsible bankers pushing (and then unloading in packaged loan instruments) highly dubious mortgages, greedy house-flippers, deceitful homebuyers.

The list is long. But the list of causes of the collapse of the financial system does not include the absence of universal health care, let alone of computerized medical records. Nor the absence of an industry-killing cap-and-trade carbon levy. Nor the lack of college graduates. Indeed, one could perversely make the case that, if anything, the proliferation of overeducated, Gucci-wearing, smart-ass MBAs inventing ever more sophisticated and opaque mathematical models and debt instruments helped get us into this credit catastrophe in the first place.

And yet with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy. Four months after winning the election, six weeks after his swearing in, Obama has yet to unveil a plan to deal with the banking crisis.

As Krauthammer points out, none of the costly things that Obama pledged to focus on have anything to do with the down economy. They all do, however, include the  the probability of causing even more damage if enacted.

And since they’ve been in office, Obama or his surrogates (mostly in the guise of Timothy “tax cheat” Geithner”) have talked down the stock market, the auto industry, the oil and gas industry, the health care industry, energy, banks, financial and the defense industry. They still don’t seem to realize what impact their words have on markets, or if they do, then one has to assume they’re doing this on purpose. I tend toward the side of ignorance, but at some point, after it has been pointed out to them over and over again, you have to abandon that belief and head toward the other conclusion. Their words, quite literally, are wrecking the economy.

Markets can’t stand instability and insecurity. When leaders talk about what’s wrong with this industry or that industry and what they intend on doing to punish or change how that industry does business, investors get very nervous. As you might imagine, they’re extremely nervous right now, as reflected by the Dow. They know that there is a government assault coming, in some form or fashion, on the industries I’ve mentioned. So they’re going to get out of the position they now hold in them and they’re going to refrain from investing in them until they’re clear what that assault will entail. And I don’t use the word “assault” lightly.

Health care, defense, oil and gas, pharma, auto, energy, housing, banking, finance etc. are all under a form of assault by the new administration. Health care will change and expand dramatically under government auspices, oil and gas will lose tax breaks, cap-and-trade will bury the auto industry and shoot energy prices through the roof – affecting transportion and manufacturing. Cram-downs affect the housing, banking and financial sectors. Who wants to invest in any of that when a judge can reward irresponsible home owners with a write down of their principle? Meanwhile responsible home seekers will see the interest rate go up by about 2 points to cover the losses. That’ll spur homebuying, won’t it?

Like Dale pointed out about the Red Kangaroo, you can see this coming from a mile off. And “useful idiots” like David Brooks climb back on the bandwagon and resume cheering the parade to economic ruin.

~McQ

DC vouchers in trouble

The omnibus budget bill that passed the House last week could destroy school vouchers in Washington, DC and the Washington Post is urging the Senate to restore the funding:

Rep. Davis R. Obey (Wis.) and other congressional Democrats should spare us their phony concern about the children participating in the District’s school voucher program. If they cared for the future of these students, they wouldn’t be so quick as to try to kill the program that affords low-income, minority children a chance at a better education. Their refusal to even give the program a fair hearing makes it critical that D.C. Mayor Adrian M. Fenty (D) seek help from voucher supporters in the Senate and, if need be, President Obama.

Last week, the Democrat-controlled House passed a spending bill that spells the end, after the 2009-10 school year, of the federally funded program that enables poor students to attend private schools with scholarships of up to $7,500. A statement signed by Mr. Obey as Appropriations Committee chairman that accompanied the $410 billion spending package directs D.C. Schools Chancellor Michelle A. Rhee to “promptly take steps to minimize potential disruption and ensure smooth transition” for students forced back into the public schools.

We would like Mr. Obey and his colleagues to talk about possible “disruption” with Deborah Parker, mother of two children who attend Sidwell Friends School because of the D.C. Opportunity Scholarship Program. “The mere thought of returning to public school frightens me,” Ms. Parker told us as she related the opportunities — such as a trip to China for her son — made possible by the program. Tell her, as critics claim, that vouchers don’t work, and she’ll list her children’s improved test scores, feeling of safety and improved motivation.

But the debate unfolding on Capitol Hill isn’t about facts. It’s about politics and the stranglehold the teachers unions have on the Democratic Party. Why else has so much time and effort gone into trying to kill off what, in the grand scheme of government spending, is a tiny program? Why wouldn’t Congress want to get the results of a carefully calibrated scientific study before pulling the plug on a program that has proved to be enormously popular? Could the real fear be that school vouchers might actually be shown to be effective in leveling the academic playing field?

This week, the Senate takes up the omnibus spending bill, and we hope that, with the help of supporters such as Sen. Joseph I. Lieberman (I-Conn.), the program gets the reprieve it deserves. If it doesn’t, someone needs to tell Ms. Parker why a bunch of elected officials who can send their children to any school they choose are taking that option from her.

The vouchers cover up to $7,500 ($6,000 average), the average cost per student in DC is $24,600. So it’s hardly a substantial amount of money in comparison to the amount of money spent on the average student and the vouchers are having a positive impact for students.

Members of Congress and the President have made the choice to send their kids to private school. If they don’t trust the government to educate their kids, why should the residents of the District of Columbia?

Thoughts On The Speeches

First the Obama speech.  My overall impression was that of a campaign speech.  High flying rhetoric, intentions hidden in comfortable rhetoric that Americans find more acceptable than other and contradictions which were so evident that I’m surprised the media let them pass (ok, not really, but I thought I’d jab them a little).  However, in reality, it was much more than that as I’ll cover a little further on.  But, as usual, very well delivered.  

The Jindal speech, on the other hand, suffered by comparison.  And, in fact, it suffered badly.  Whoever helped him put that together should have skipped the “folksy” stuff and gotten down to business.  By the time he finally got to the point, I was slack jawed with stupification.  Having just sat through a 45 minute Obama speech I wanted a quick “give it to me now” response.   5 minutes into the Jindal speech we still didn’t know where he was going with it.  My guess is by that time, most people who had thought about watching him had thrown up their hands,  hit the can and were raiding the liquor cabinet.

Back to the Obama speech.  As I thought about it more I realized he’d very carefully hidden the intention of his administration and the Democrats to convert this country into a cradle to grave European-style socialist country.  Seriously.  It’s all in there, but you have to carefully pick it out.   While he never came right out and said it,  he sure hinted around the edges.  Probably the closest he came to actually laying it out was this:

That is why it will be the goal of this administration to ensure that every child has access to a complete and competitive education –- from the day they are born to the day they begin a career. 

The same basic message was given concerning health care.  When speaking about the budget he made this statement:

 It includes an historic commitment to comprehensive healthcare reform –- a down payment on the principle that we must have quality, affordable healthcare for every American.

Two things to note – he didn’t say “health insurance” for every American. He said “health care”. And he also seems to have backed off of not making this mandatory.

He hit it again when talking about the two largest entitlement programs we have:

To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive healthcare reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans. [So those "savings accounts" of old W's weren't so bad after all, huh? - ed.]

And here is where one of the glaring contradictions comes out. While claiming that the government’s version of health care will be much more efficient and less costly than the private version, he contradicts himself when he says we must get the spiraling Medicare and Medicaid costs under control. I’ll remind you of what we were promised Medicare would cost when it began, and I’ll further remind you that the real cost ended up at least 6 times that amount. I’ll also remind you that each year, that program has about 60 billion in waste, fraud and abuse. One of the efficiencies Obama claims will bring cost down is the elimination of that waste, fraud and abuse. That promise is as old as politics and still unfulfilled.

Last night, during the liveblogging, when Obama got to the auto industry, and started throwing “we” around, I asked “who is the ‘we’ he keeps talking about? Of course when you read the passage, I’m sure you will be able to figure it out:

As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices. But we are committed to the goal of a retooled, reimagined auto industry that can compete and win.

I bet “we” are. The question is, will the “we” who are known as the public be willing to buy these autos designed and “reimagined” by government?

And, of course, the populist Obama was present as well . That’s a very old and tired political trick which still manages to work unfortunately. A method of creating an emotional distraction while you propose things which are much worse:

This time, CEOs won’t be able to use taxpayer money to pad their paychecks or buy fancy drapes or disappear on a private jet. Those days are over.

Just hearing a President of the United States say such a thing should send shivers up your spine. Instead it was one of the major applause lines of the night.

And this too should have caused those who love freedom to pause and understand the underlying promise of the words spoken:

A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future. Regulations were gutted for the sake of a quick profit at the expense of a healthy market.

Transfer wealth to the wealthy? How by letting them keep more of their money? How is that a “transfer”? Well, it becomes a transfer if you believe it really isn’t theirs at all. And the spending spree the Democratic Congress and the Obama administration are embarking upon certainly makes that case. With the lie about “no earmarks” in the “stimulus” bill again given voice, and with a 410 billion omnibus spending bill with 9,000 earmarks and another trillion being thrown into the financial sector, not to mention the cost of health care “reform”, S-CHIP and the coming cap-and-trade system, there’s no question where the “transfer of wealth” will be going during the next 4 years is there?

~McQ

Symbolism Over Substance

Unimpressed is a word that handily describes my reaction to the Obama cabinet to this point. For instance:

Two years ago, an effort to fix No Child Left Behind, the main federal law on public schools, provoked a grueling slugfest in Congress, leading Representative George Miller, Democrat of California, to say the law had become “the most negative brand in America.”

Education Secretary Arne Duncan agrees. “Let’s rebrand it,” he said in an interview. “Give it a new name.”

Why is the law the “most negative brand in America?” Because Democrats and teacher’s unions have spent 8 years blasting a program written by Ted Kennedy (that part seems to be conveniently forgotten now) but signed by George Bush.

And their solution?

Give it a new name.

There, all fixed.

Sheesh.

~McQ

[HT: Below The Beltway]

Entitlement, Pain Avoidance, Parenting And College (update)

It seems that college students have entirely different expectations than do college professors.  Or at least some college professors.  Apparently the students see it like this:

“I think putting in a lot of effort should merit a high grade,” Mr. Greenwood said. “What else is there really than the effort that you put in?”

“If you put in all the effort you have and get a C, what is the point?” he added. “If someone goes to every class and reads every chapter in the book and does everything the teacher asks of them and more, then they should be getting an A like their effort deserves. If your maximum effort can only be average in a teacher’s mind, then something is wrong.”

Sarah Kinn, a junior English major at the University of Vermont, agreed, saying, “I feel that if I do all of the readings and attend class regularly that I should be able to achieve a grade of at least a B.”

Essentially the argument is, show up, do the minimum (i.e. all you are asked to do) and you should get an “A”, or at least a “B”.

Merit? Above and beyond the “average” or the “expected”? They don’t seem to enter into their thinking at all.

Yes, as the professors properly identified the problem, it is a false sense of entitlement.

So, now that the problem has been identified, can you pinpoint the source? Well the profs have various views about that.

Professor Greenberger said that the sense of entitlement could be related to increased parental pressure, competition among peers and family members and a heightened sense of achievement anxiety.

Uh, no, but nice try, professor.

Aaron M. Brower, the vice provost for teaching and learning at the University of Wisconsin-Madison, offered another theory.

“I think that it stems from their K-12 experiences,” Professor Brower said. “They have become ultra-efficient in test preparation. And this hyper-efficiency has led them to look for a magic formula to get high scores.”

Wrong again.

James Hogge, associate dean of the Peabody School of Education at Vanderbilt University, said: “Students often confuse the level of effort with the quality of work. There is a mentality in students that ‘if I work hard, I deserve a high grade.’ “

Oh, oh, oh … so damn close. Where do they get that screwy idea that “level of effort equals quality work”, Dean Hogge? I mean it has to come from somewhere, and apparently it is widespread enough that it is a fairly pervasive phenomenon? Any guesses?

Well, in a nut shell, false entitlement often flows from false self-esteem. Yes, friends, I’m back on that. When little Johnny gets a trophy and a party for being on a 12th place Pee-Wee Baseball team – the very same reward the first place team gets – why in the world wouldn’t he correlate “effort” with “result”? In his case his effort landed him the same rewards as the first place team. So 12th is just as much an “A” as 1st to him, isn’t it? And he gave his all to end up in 12th, so that just has to be good enough, right?  Multiply that over a 18 year life time and it isn’t difficult to understand where this sense of entitlement comes from, is it?

When you’re rewarded at the same level as the real achievers throughout life – so you won’t feel like the loser you are and learn from that – two things happen: One, you don’t try to do better because there’s no incentive to do so and two, you feel entitled to the same results as those who actually did achieve something. So it certainly isn’t far fetched for someone to then believe that effort equals achievement and thus entitlement to the best rewards.

Heh … then you finally leave “soft America” and meet “hard America” as Michael Barone calls it. Suddenly reality slaps you in the face, calls you a loser and gives you the “C” you deserve for just doing the expected. The “average”.  The same thing you’ve always done and been rewarded with more.  

Your world is shattered. You either figure out how big a disservice those who cheered your stunningly average performance up till then have done you and do something positive about it or you wail and whine about how “unfair” you’re being treated and eventually drop out.

In reality, just like our economic remedy, it’s just another example of pain avoidance – something it seems the American public is addicted too these days. The pain avoidance that characterizes the building of false self-esteem can be crippling to a child because the child is given the wrong signals about their abilities and what reality and life expect of them throughout their early formative years. It’s a loser’s way of avoiding reality, except it isn’t the kid doing it to themselves – it’s usually the parents and other enablers who too are in the pain avoidance business.

But the one inescapable truth in this whole process , however, is the fact that reality always finds a way to get through the puny defenses that have been erected and eventually has its way. It’s a pity that many students first discover that in college and many don’t survive the discovery.  Had their parents just done their job as parents instead of trying to manage and avoid pain, the kids might be prepared to confront the reality of “hard America” and give it their best instead of being blindsided by it and crushed.

But of course, that smacks of common sense and as our experts are constantly telling us they know much more how our children should be raised than we do.  And trust me, given the results, that claim has little to do with common sense.  

UPDATE: If you don’t believe this translates into a real world problem all you have to do is listen to Bill Press – or not, as, apparently, most people choose.  Here he is in an interview describing why he wants government to ensure his reward via the Fairness Doctrine:

‘I know why I’m interested in it because I get up every morning at 3:45, I do three hours of talk radio every day from six to nine, that’s my life, it’s my business, I want to make money at it, and I want to be heard.

 
Translation: I make the effort and thus I should have the same rewards (listenership, influence and monetary) as Rush Limbaugh.

~McQ

Redefining “Fascist”

So public speaking classes aren’t so much about how you argue a point but what point you argue?

A college student has filed a lawsuit saying a public speaking professor berated him in class for making a speech opposing same-sex marriage.

In the federal court suit filed last week, student Jonathan Lopez said that midway through his speech, when he quoted a dictionary definition of marriage and recited a pair of Bible verses, professor John Matteson cut him off and would not allow him to finish. He said Matteson also called him a “fascist bastard.”

A student evaluation form included with the lawsuit lacks a score for Lopez’s speech, and reads “ask God what your grade is.”

Exceptional levels of tolerance in academia, these days, no? A tremendous diversity of opinion is apparently welcomed and encouraged. Good to know, eh?

“Basically, colleges and universities should give Christian students the same rights to free expression as other students,” David J. Hacker, an attorney for the Alliance Defense Fund, a Christian legal organization that is representing Lopez, told the Los Angeles Times.

Amazing such a thing even needs to be said in this day and time. You have to wonder if Professor Matteson even knows what “fascist” means, much less that it was he who was acting like one.

~McQ

Details, Promises And Other “Stimulus” Package Fun Stuff

As the details of the compromise stimulus package come out, most will find plenty to not like.

For instance, those stimulative tax cuts for 95% of Americans:

Q: What are some of the tax breaks in the bill?

A: It includes Obama’s signature “Making Work Pay” tax credit for 95 percent of workers, though negotiators agreed to trim the credit to $400 a year instead of $500 — or $800 for married couples, cut from Obama’s original proposal of $1,000. It would begin showing up in most workers’ paychecks in June as an extra $13 a week in take-home pay, falling to about $8 a week next January.

$13 bucks a week for 6 months, down to $8 bucks a week by January. $338 in ’09, and, if it stays in place for all of ’10, $416.

Wow. 800 billion of your dollars and in the next year and a half you’re going to see $754 of it. Go make that down payment on the new house or car now!

Now, here’s the rope-a-dope:

Q: How will infrastructure spending affect jobs?

A: The Federal Highway Administration has estimated that every $1 billion the federal government spends on infrastructure projects translates to 35,000 jobs. Collins put the total infrastructure spending — including highways, mass transit, environmental cleanups and broadband facilities — at $150 billion. Do the math and that translates into more than 5 million jobs, based on the highway administration’s assumptions.

Senate leaders have offered their own estimate — they said Wednesday that the total stimulus package will sustain some 3.5 million jobs.

Most of that work will go to people who already have jobs. And those who are hired will be hired on a temporary basis. When the revenue stream for that job ends, so will the temporary jobs.

And one other thing to keep in mind – these people are estimating based on nothing more than some assumptions they’ve decided look rosy and fit their narrative. They have no freakin’ idea how many jobs, if any, their spending will bring.

Q: How long would it take for highway projects to begin?

A: Lawmakers say most of the projects could be up and running within 90 days, although it could take somewhat more time in northern states with longer winters. Highway construction groups have estimated that there are thousands of projects that could be started within that 90 days.

Here’s a dirty little secret about this answer – projects that are 90 days from beginning have most likely already been funded and those who are going to work on them have been hired.

All the rest of the projects in the bill will have to go through the normal years long bidding process that is required by government. So “shovel ready” does not necessarily mean an infusion of new cash or jobs.

Q: Does the bill include federal aid to the states?

A: Yes. It includes major contributions to states to help with their budget shortfalls and assure the viability of Medicaid and education programs.

Sen. Susan Collins of Maine, the moderate Republican who helped broker the deal, said the spending includes about $90 billion in increased federal matches to states to help pay for Medicaid, along with a $54 billion “fiscal stabilization” fund that states could use to build and repair schools and improve facilities at institutions of higher learning.

This bill is the “State Fiscal Mismanagement Bailout Bill” which rewards states for budget busting.

Tell me, in life, what is one of the major means of changing behavior?

Pain. No pain, nothing learned. Be it emotional, physical or financial pain, unless you suffer it, you have no reason to change your behavior. Given this bill, profligate state governments have no reason to change their spendthrift ways.

BTW, none of that spending will stimulate anything but more government.

More:

Q: What are some of the other main focuses of the bill?

A: Here are some highlights:

Education: The package has some $11.5 billion to support the IDEA program for special education. There’s another $10 billion for a federal program to help low-income students.

Energy: The package includes funds to modernize the electrical grid — in part by incorporating renewable energy resources — and to make federal buildings more energy efficient and help low-income households weatherize their homes.

Health: The plan includes subsidies to allow people who are laid off to purchase health insurance through the federal COBRA plan. There is also money to support hospitals seeking to modernize health information technology.

Infrastructure: The infrastructure section of the package includes funds for building and repairing highways and bridges, expanding transit systems, upgrading airports and rail systems and building and repairing federal buildings — with the focus on making them more energy efficient. Funds are available for clean water projects, cleanup of environmental waste areas and nuclear waste cleanups.

Nothing listed here is stimulative. Nothing. This is all the pork that everyone has denied is in the bill. This is the left’s shopping list of the last 40 years rolled into one big raid on your wallet.

And what about the engine of productivity, the creator of jobs and wealth? Not much at all:

From auto dealers to the home-building industry, big business appears to be the biggest loser in the final economic stimulus plan being pieced together Wednesday on Capitol Hill.

Negotiators from the House and Senate sliced billions of dollars in tax incentives for businesses and slashed huge tax breaks for consumers that were strongly backed by industry lobbyists.

Many of the business tax provisions were added to the stimulus legislation in the Senate in an effort to attract Republican votes. President Barack Obama wants bipartisan support for the plan and was dealt a setback when no Republicans voted for the House version of the plan two weeks ago.

But when only three Republican senators voted for the Senate version of the bill Tuesday, Democrats slashed the business tax proposals in an effort to bring the total cost of the bill under $789 billion.

That’s right, Democratic spite and their propensity toward government as the solution have mostly driven tax breaks for business, the one sector that can, in fact, create real jobs that produce wealth, out of the bill.

Tthe Democrats like to use the term “trickle down” derisively, but as Karl Rove notes, you’re  about to see their version of it. The difference is the money will “trickle down” through the government filter. Any guess as to how much will actually reach down to where it is needed?

Well, don’t bet that whopping $754 bucks you’ll be seeing over the next year and a half that it will do any good. Instead you might consider buying gold with it, since my guess is it isn’t going to be worth $754 when the Democrats get done with screwing around with the economy.

~McQ