…that the president doesn’t read much. I’d be willing to bet that one of the things he hasn’t read is Hayek. Or Friedman. Or Sowell. If he had, he wouldn’t be such an economic ignoramus.
Only minutes after her department reported that payrolls had shed another 131,000 positions in July, there was Secretary Hilda Solis speaking brazenly of the “strong and immediate action” the White House had taken to save or create “more than 2.5 million American jobs.”
But as the market action showed, investors could see she didn’t know what she was talking about.
But then, Solis is no different from any number of administration officials who by their comments or actions demonstrate almost daily that they know nothing about creating jobs or anything else to improve the economy.
And why should they? There’s never been an administration led by so few people with any experience in the private sector — including the president, the vice president and even the treasury secretary, who last week wrongly called it a “myth” that raising taxes on high-income Americans would hurt small business.
Doug Schoen says that ObamaCare is an electoral disaster for the Democrats.
Good.
I think that this also shows that either Bill Clinton is a political fool, or that he thinks that the party needs a wake-up call like this to get rid of Obama and move away from its current leftist extremism, so he suckered them into it.
It was canonical to this administration and its functionaries that they were handed a broken nation, that it was theirs to repair, that it was theirs to tax and reshape to their preferences. Yet there was, in 1980, after another landmark election, a leader who had stepped forth in a time of “malaise” at home and weakness abroad: Ronald Reagan. His program was different from Mr. Obama’s. His faith in the country was boundless. What he sought was to restore the nation’s faith in itself, in its political and economic vitality.
Big as Reagan’s mandate was, in two elections, the man was never bigger than his county. There was never narcissism or a bloated sense of personal destiny in him. He gloried in the country, and drew sustenance from its heroic deeds and its capacity for recovery. No political class rode with him to power anxious to lay its hands on the nation’s treasure, eager to supplant the forces of the market with its own economic preferences.
Obama never understood that the notion of a leftist or “progressive” Ronald Reagan was an oxymoron.
Some thoughts. Basically, we have to rein in spending, and grow the economy. These are things that the current regime doesn’t want to do, or doesn’t know how to, instead implementing policies that make things worse on both fronts. Maybe we can start to fix that in less than three months.
, I highly recommend it.