Obama: Catastrophic Errors in Judgement 16 comments
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Keith Hennessey, one of the fastest up-and-coming bloggers, came out with a "brilliant and devastating critique of our president." This post of his is excellent. It is a point-by-point rebuttal and criticism of Obama's op-ed in Sunday's Washington Post.
More and more, I am coming to the conclusion that Obama knows very little if anything about economics. He is naive. He believes the vast majority of people are stupid, and can be helped by smart people like him. He has never doubted his ability to resolve previously intractable problems. He has made many mistakes in the past six months. Big mistakes that will come back to haunt him in coming months and years.
No person on this earth is smart enough to do all that he has done in a few short months without committing catastrophic errors of judgment.
"The bigger they are the harder they fall," as the saying goes. Obama is now falling, and this fall bears very close watching, as it is the most important thing happening in the world today.
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This article has 16 comments:
"I am coming to the conclusion that Obama knows very little if anything about economics".
If it is the case, that Obama may know a "little" about economics than I would humbly suggest he knows an awful lot more than the last President, or indeed most other leaders in the G8.
By some weird turn of events, it in fact appears, the Chinese Premier (caretaker of a new breed of capitalist embedded communism) appears to have a pretty good grip of what it takes to generate both real economic growth and to be the lender of the last resort for the US - the very job the US government should be doing.
That attitude is the cornerstone of liberal elitism, so it comes as no surprise to me. They'll "save" us poor dolts from ourselves.
I seriously doubt Obama believes the vast majority of people are stupid. His whole campaign was designed to appeal to the moderate and rational in our Country and indeed, that is where most of his support lies. On the other hand, 'Joe the Plumber'... now there was a campaign designed to reach out to the smart members of our great Nation! Yeah, right!!
The fact of the matter is Obama probably has no more insight as to what he is doing than Bush was in his first term. The big difference in my opinion, besides their policies, is that Obama at least is trying to surround himself with smart people and to take advice from them. I never got that feeling with Bush. In either event, we'll find out in another 12-18 months if he's on the right track.
On Jul 13 08:59 AM Old Trader wrote:
> "He believes the vast majority of people are stupid, and can be helped
> by smart people like him. "
>
> That attitude is the cornerstone of liberal elitism, so it comes
> as no surprise to me. They'll "save" us poor dolts from ourselves.
What also concerns me is the "czar" mentality.
Thinking an auto "czar" with no automotive/business/ma... background is a good thing is just mind boggling.
On Jul 13 06:12 AM TradingHelpDesk wrote:
> Very interesting thank you.
>
> "I am coming to the conclusion that Obama knows very little if anything
> about economics".
>
> If it is the case, that Obama may know a "little" about economics
> than I would humbly suggest he knows an awful lot more than the last
> President, or indeed most other leaders in the G8.
>
> By some weird turn of events, it in fact appears, the Chinese Premier
> (caretaker of a new breed of capitalist embedded communism) appears
> to have a pretty good grip of what it takes to generate both real
> economic growth and to be the lender of the last resort for the US
> - the very job the US government should be doing.
With this philosophy we'll never come out of this.
On Jul 13 09:29 AM mavericks wrote:
> I never understood the accusations of "liberal elitism" by the right
> when it seems painfully obvious that it's the conservatives who seem
> to have wrote the book on what it is to be elite and beyond reproach.
>
>
> I seriously doubt Obama believes the vast majority of people are
> stupid. His whole campaign was designed to appeal to the moderate
> and rational in our Country and indeed, that is where most of his
> support lies. On the other hand, 'Joe the Plumber'... now there
> was a campaign designed to reach out to the smart members of our
> great Nation! Yeah, right!!
>
> The fact of the matter is Obama probably has no more insight as to
> what he is doing than Bush was in his first term. The big difference
> in my opinion, besides their policies, is that Obama at least is
> trying to surround himself with smart people and to take advice from
> them. I never got that feeling with Bush. In either event, we'll
> find out in another 12-18 months if he's on the right track.
His point-by-point rebuttal is the truth component. The Washington Post Op-ed is the fictional component.
Obama’s judgment is based on Political-Social Engineering. Obama’s judgment is also based on Politics as usual. Maybe his actions aka Thug-o-nomics speaks more of the truth of the matter than what he says.
Obama Naïve about Economics? First you’d have to understand economics in order to then be naïve about economics. It also does not help to have a Council Of Economic Advisors stuck in a 1975 Keynesian Economics Classroom. And they are not leaving that classroom as they are afraid Milton Friedman is laying for them just behind the classroom door.
"Two things BO can’t speak without: teleprompters and straw men. The first makes him sound eloquent, the second makes him sound reasonable."
Obama: Keeping America safe from an army of straw men.
On Jul 13 11:17 AM Ferdinand E. Banks wrote:
> Why should Obama concern himself with economics, when he has access
> to some of the best economics brains in history?
Great tag-line! When is the T-shirt available?
"Obama: Keeping America safe from an army of straw men".
You got to love it!
Just as with China, it's not the type of government, it's how you run your business.
And, for everyone who forgets so easily all the misstakes made by people on both sides of our government........the Republicans lost. Could've won, but your policies didn';t work. You have NO platform, so what's left? You attack. Imagine what you morons could have done, if you ever , ever decided to do something constructive that just once was soiled by greed. Hey, I've just created another website for the liberal wackos, too. Great.