Making it Worse
Heather Higgins ·
Jun 14, 2010 at 8:14pm
Is it because apparently only 8% of this administration have ANY business experience that they can be so utterly oblivious to the value of rule of law and political certainty? The way the oil spill is being handled is radically magnifying its harms, not just in the initial non-allowance of the usual burn protocol, but in every decision since that increases economic loss and investor uncertainty. Where did all the adults go?
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May '10
Re: Making it Worse
We have an administration full of theoreticians and no one familiar with applying theory to reality. It's like we've hired a room full of theoretical physicists to build a rocket. Sure, they know models and math, but they have no idea how to proceed when their theories blow up on the launchpad.
May '10
Re: Making it Worse
Wonderful point Heather. Something regrettably forgotten in the mantra of Hope and Change was that stability and predictability is a necessary foundation for economic development. Change for change's sake damages the assumptions necessary for business to plan accordingly. If only someone of significance in the administration understood business perhaps the hubris of this administration (see, Obama's intentional comparisons to Lincoln before even taking office) and the willingness to act on that hubris would have been tempered.
May '10
Re: Making it Worse
Doesn't that apply to anything the administration has done with any impact on the economy? It's painful to watch, because really, not even I am cynical enough to think it was a good thing enduring Carter just so's we could get Reagan. Especially in this even worse situation, now that we're distinguished from Greece mainly due to a fading brand name. Once that's gone...
This presidency is one long unforced error.
Hey, congratulations on the Djou coup (that rhymes in my world).
Re: Making it Worse
Thanks kindly for the compliments. Victor Davis Hanson had a great piece - last week I think - making parallels between how this administration runs things and how any faculty lounge inhabitants would approach problems -- and with the same careless disregard for real world consequences. Grim stuff, as it's real lives, property, and liberties they are rapidly undermining. One wants to be nuanced and fair, on the theory that no pancake is so flat it doesn't have two sides, but they are just so egregiously bad it's hard to justify any of it, and one with left with either gross incompetence or a larger determined intention to undo who we are.