…for dummies.

This is Obama’s Enron, except a) it’s much worse and b) the press will continue to cover for him. By all rights, it should put a stake through the heart of the “green jobs” nonsense, but it won’t.

Obama’s scorecard.

As many commentators have noted, there is an aroma of fear hovering about the White House these days: the stale, acrid scent of panic. Some of us have known all along that Obama, the community organizer miraculously elevated to the U.S. Senate for a few months before he erected some Greek columns and talked his way into the U.S. Presidency, some of us, I say, have known all along that he hadn’t a clue. Now it seems that even he is getting uncomfortable inklings. In the beginning Obama emitted an aura of that some identified as an aura of confidence; really, it was an aura of entitlement — along with what the President himself a while back identified as “bluff.” Are you the sort of person who likes empirical reminders?

I don’t think he is.

And why is the press uninterested in Obama’s Lincoln gaffe? Because it’s Obama, and not Mike Huckabee. Or Sarah Palin.

…when demand curves slope upwards:

Card and Krueger proudly announced the repeal of the most fundamental law of economics: “Our empirical findings challenge the prediction that a rise in the minimum reduces employment. Relative to stores in Pennsylvania, fast food restaurants increased employment by 13 percent.” Except they didn’t. Their data, gathered by telephone survey, turned out to be “so bad that no credible conclusions can be drawn,” another study concluded. Other economists used actual payroll data instead of a phone survey and found just the opposite: the state-mandated pay hike reduced employment.

“Let’s hope that labor economist Alan Krueger, as he assumes his new position as Chief Economist to the President, remembers that demand curves really do slope downward,” Perry concludes.

Once again, it appears that Obama has hired the best incompetence that money can buy.

When it comes to economics, it’s the Democrats that are anti-science. Especially on the dismal one.

Why isn’t it? I think we know the answer to that.

You ought to be able to sell stuff without a permit. What’s amazing is that this was published in The Atlantic. Have they gone all Ayn Rand on us?

Selling stuff to people — bad. Forcing people to buy stuff — good, as long as the government does it.

And people wonder why there are no jobs? Only economically clueless people.