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Wednesday, October 23, 2013

Rand Paul Explains Why 'Liberals Have No Idea How Capitalism Works'

Rand Paul Explains Why 'Liberals Have No Idea How Capitalism Works'

After watching Obama administration officials spin their wheels trying to explain away Obamacare's disastrous rollout, Sen. Rand Paul (R-Ky.) declared Tuesday that "liberals have no idea how capitalism works."

While host Sean Hannity compared Obamacare ads to "old former Soviet Union propaganda," Paul asked "if it's so good...why do they have to advertise to get you to do it?"

"If it's supposedly free and cheaper and it's going to be the best thing since sliced bread, why do we have to convince people to go buy it?" Paul asked, adding that the Obama administration is "deathly afraid" that young people won't buy into Obamacare.

Sen. Rand Paul (Fox News)

Later reacting to a video compilation of President Barack Obama and other officials explaining why Obamacare is still great despite the "glitches," Paul slammed the left for its "fundamental misunderstanding" of capitalism.

"Liberals have no idea of how capitalism works," he said. "They have no idea why, when you go to Walmart, products are cheap, how they get from one point to the other, and how they're distributed in such a cheap fashion."

"It's a disaster, but they don't understand the intricacies of how the profit motive and the efficiencies that go in with distribution and trade, and how you can get something, a t-shirt, now for $9 because of global trade, efficiencies in the marketplace," Paul added. "The government can never duplicate that because the government is inherently inefficient."

Watch the segment via Fox News below:

(H/T: Mediaite)


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