Afternoon Snooze Button

This anti-Obama “story” is going around Facebook right now:

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars - something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little..
The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F. As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. It could not be any simpler than that.
Remember, there IS a test coming up. The 2012 elections.
 

You can read the comments here. This is just so fundamentally wrong on so many levels. Here, let me make a corresponding one criticizing capitalism (which, in the spirit of the “stories,” I’ll confuse with a weird anarcho-capitalist viewpoint).

“An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Bush’s capitalist policies worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”. Out of the 100 students in this class, only 1 will receive an A…. (substituting grades for dollars - something closer to home and more readily understood by all).
After the first test, the grades were averaged and they fit a bell curve. As the second test rolled around, one of the students decided to just off everyone because that way he could guarantee he would be the 1%. So, he killed all of his classmates with a machine gun. However, in a blatant violation of the free market, the university intervened and had him expelled. So, everyone failed. Remember, there IS a test coming up. The 2012 elections.