Glad I'm Not the Only One

"Speaking for myself, though, I'm a lot less alarmed by anything Emanuel did than by Barack Obama's utter ignorance of economics, a subject that was raised again at today's press conference. It's an interesting question whether we've ever had a President who understands less how our economy works than Obama. There is some pretty stiff competition, but Obama has never had a job in the business world, has never studied economics, and, as far as the public record shows, has never made any effort to understand the vast and diverse economy that he proposes to regulate and transform.

I find this scary, and it gets scarier every time Obama talks about how the federal government is going to create "green jobs" having to do with wind power, etc. It's possible that the federal government could have a role in helping to facilitate development of an infrastructure that would enable alternative energy technologies, and if Obama made a coherent argument along those lines I'd be receptive to it. But he's never done so. As far as I can tell, and as far as his press conference today reveals, Obama suffers from the misconception that the government can create wealth and jobs by subsidizing the inefficient production of energy. If he really is that dumb, we are all in big trouble."

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