On The Economy, Obama Doesn’t Know His “Stuff”
Cross-posted from AlexaShrugged.com:
The man with the plan!: Real Clear Politics has this clip of Obama demonstrating his economic genius:
“On Tuesday at the State of the Union, I laid out my vision for how we move forward,” President Obama said at a campaign event in Las Vegas, Nevada. “I laid out a blueprint for an economy that’s built to last, that has a firm foundation. Where we’re making stuff and selling stuff and moving it around and UPS drivers are dropping things off everywhere.”
Obama’s vision for an economy with a firm foundation built to last: move stuff around.: Brilliant!: Such mastery and understanding of intricate economic systems!: What a sound explanation of his economic proposals and philosophies!: Clearly this man knows his stuff and deserves another 4 years to build on his economic success!
On a serious note, this embarrassing kindergarten-level concept of trade wouldn’t be so bad if Obama had any idea of HOW to get “stuff” made, sold, and delivered.: He thinks the government picking winners and losers by handing out billions in taxpayer money will get this process moving, but it’s the free market that best sorts out what consumers want, at what cost, and from where.: Some people may know this as “supply and demand.”: In Obama-speak maybe it would be “want stuff, get stuff.”
A recent example of Obama’s government failing to be able to judge what “stuff” people want and would get, is the Government Motors’ Chevy Volt.: Through various incentives the government (i.e. us taxpayers) subsidized the cost of the Volt to the tune of $250,000 per car!: The result of this government economic engineering? Only 8,000 Volts were sold, and now ALL of them are being recalled for a faulty combustible battery!
If there was a public demand for a car like the Volt, all the major car manufacturers would be tripping over each other to build the best, cheapest, safest version.
The Chevy Volt example is a microcosm of all that is wrong with Obama’s Big Government economic prescriptions and we see the results with credit rating downgrades, low economic growth, 8.5% unemployment, and $15 trillion debt.
Some people say that Obama is hurting our economy on purpose, but maybe it’s just that he doesn’t know his “stuff.”
Read more from Alexa at AlexaShrugged.com
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That is, if you a tourist coming from another country. If you want to create jobs through something like, say,