At The Grave

About: know-nothing-in-chief

What did you expect? Obama is a lawyer-politician Big Government loving leftist. Read the entire commentary or, as usual, ignore it at your own risk! Too many points that illustrate the title to cover here. Could do a MacroVu style argument, but they seem not to work here since they separate the arguments too well from the chaff & make one have to think!
Source: ...

Listen to Obama talk about making "clean energy the profitable kind of energy" and you reach the same conclusion: When it comes to economics, he doesn't get it. His "cap and trade" policy would limit carbon emissions, drive up the costs of gasoline, electricity, and natural gas, and stifle the economy. Only then would green energy become profitable (maybe) and only so long as it continued to receive a massive government subsidy. You can't get much more uneconomic than that.

But maybe Obama can. He wants to eliminate many deductions for upper middle class and wealthy taxpayers. He's eager to spur the growth of unions, though success here is likely to slow the rate of growth and increase the rate of unemployment. He wants government to intervene more aggressively in the economy, a reliable job killer. He's asked for authority to seize any financial institution deemed (by his administration) a "systemic risk" to the economy. He thinks government can teach the private sector lessons in efficiency. That would be an historic first. He believes his budget, which triples the national debt, "lays the foundation for a secure and lasting prosperity."

Whew! And this is just what Obama has proposed in the first six months of his presidency. Obamanomics pays lip service to a free market economy. But Obama hasn't a clue what makes it work.

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Tags

  1. economy
  2. obamanomics
  3. econ dumbness

Comments


Mark de LA says
Obamacare as MickeyMouseCare:
Source:: ...

So, now, at the eleventh hour, the president is hailing a new approach--vast new powers for a board of experts in Washington to set rules and calibrate fees--as the secret to cutting costs and bringing the system under control, first within Medicare and then beyond. But in a system as complex as ours, this is a recipe for one-size-fits-all inefficiency and the shortages, misallocations, and waiting lines that come with it. This is even worse than simple rationing; it is an attempt at technocratic central planning for a country of over 300 million people.

All of that to save a whopping $2 billion.


... in a trillion$$$ proposal.


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