Obama's Sophisticated Approach to Economics
I am just now reading -- excuse my dilatory behavior -- that in his meeting with top CEOs (I'm hurt I wasn't invited), Obama urged them to do more hiring.
Now this is the guy who the elites told us was sophisticated, elegant, brilliant and the rest. It was bad enough that he campaigned and governed on failed Keynesian, demand-side, pump-priming theories. But this, I'm afraid, is a step further down the ladder.
He urged them to do more hiring to bring down unemployment. I wonder why they never thought of that. I guess, though, that it's a step up from, say, a Stalin 5 Year Plan. And we can be grateful he didn't order the executives to hire more people.
In his command-controlish nudge to the fat cat executives, though, Obama once again paid lip service to his fealty to capitalism, affirming his belief that government is not "the primary engine of America's economic success. ... It is the ingenuity of America's entrepreneurs." You go Barack.
As to that ingenuity thing, though, I guess he wanted to give the execs a little jump start on it by sharing his profound idea about their hiring. Obviously they've been preoccupied with other things and increasing their work rolls just hadn't yet occurred to them.
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Oct '10
Re: Obama's Sophisticated Approach to Economics
Excuse me Mr. President, but unlike the Federal Government, CEOs generally need to ensure that the people they hire are doing something productive.
Jul '10
Re: Obama's Sophisticated Approach to Economics
Speechwriter:
"...ingenuity of America's entrepreneurs."
Obama:
"...ingenuity of America's entrepreneurs."
Speechwriter:
"Um, with all due deference, Mr. President, that sounded a bit, um, hollow...."
Obama:
"...ingenuity of America's entrepreneurs."
Speechwriter:
"Let's try something else, Sir. When you read that phrase, "...ingenuity of America's entrepreneurs...", think about, you know, how awesome you are..."
Obama:
"...ingenuity of America's entrepreneurs."
Speechwriter:
"There we go, there we go. Now you've got it..."
Edited on Dec 15, 2010 at 7:41pmMay '10
Re: Obama's Sophisticated Approach to Economics
It is the official position of the Obama administration that government is responsible for between 47 and 49 percent of America's economic success. Without the American Recovery and Reinvestment Act, that number could have dipped dangerously into the low forties!
Friday after next, the president will hold a press conference and then have Bill Clinton explain that companies should start inventing things, while the president cuts out for champagne with the wife.
May '10
Re: Obama's Sophisticated Approach to Economics
The "...or else" nuance just isn't the same over the phone.
Nov '10
Re: Obama's Sophisticated Approach to Economics
Is there anything more pathetic than an ignorant, egotistical boob trying to impress the experts with his "brilliance"? More to the point, does Obama know anything about anything? His school transcripts are locked up tighter than Hillary's chastity belt. Rumor suggests that Obama never rose above the level of a D and F student. That is not hard to believe. The thing that shocks me is Obama's well-nigh sociopathic (even psychotic) lack of self-awareness.
Edited on Dec 15, 2010 at 8:32pmJul '10
Re: Obama's Sophisticated Approach to Economics
The President also urged the Joint Chiefs to, "defeat our enemies", and the Congress to "write some laws and junk". The President then returned to work on his acceptance speech for the Nobel Prize for Awesomeness.
Have you noticed that we have never seen a picture of Obama with Steve Urkel? Coincidence? I think not.
Re: Obama's Sophisticated Approach to Economics
Re: Obama's Sophisticated Approach to Economics
Lady Kurobara The thing that shocks me is Obama's well-nigh sociopathic (even psychotic) lack of self-awareness. · Dec 15 at 8:27pm
Edited on Dec 15 at 08:32 pm
Now that is very well stated. I will never get over his serious effort to assure Doris at some Townhall meeting (somewhere buried in his 2,600 word answer about Obamacare and taxes) how he would reduce duplication of health care costs by getting doctors together in a room and making them share x-rays and the like. Compounding this bizarre display of naivete and ignorance was how this little episode ALSO revealed that he did believe in top-down decisions as to care decisions -- and he envisioned himself (Dr. Barack) making those decisions firsthand. It's almost as if he thinks he does have Santa Clause omnipresence -- he can be in every hospital at the same time showing those bird-brained docs how the cow ate the cabbage -- boy and that'll bring those costs down in a hurry -- about as fast as his urgings to the CEOs will jump start the economy.
Sep '10
Re: Obama's Sophisticated Approach to Economics
Why is Keynesianism still mainstream, or even remotely credible? Apparently the liberal, confronted by numerous historical Keynesian failures, and blinded by ideology, simply cannot consider trying alternative economic theories. Or else they hate capitalism, and continue to work hard to bring about its downfall.
Edited on Dec 15, 2010 at 9:19pmDec '10
Re: Obama's Sophisticated Approach to Economics
Via Jake Tapper at ABC: "I want to dispel any notion we want to inhibit your success,” President Obama told 20 CEOs this morning, according to a source in the room. “We want to be boosters because when you do well, America does well."
Where on EARTH could America's business community have gotten the idea that the Obama Administration wanted to inhibit their success?
Oh, and what happened to the Pelosian idea that when Americans are drawing unemployment checks, the economy gets stimulated? You'd think that under that theory, CEOs hiring would be the worst thing for the economy.
Nov '10
Re: Obama's Sophisticated Approach to Economics
Obama is clean and he smells good, too. Just ask Joe Biden.
Nov '10
Re: Obama's Sophisticated Approach to Economics
Actually, Obama is Urkel's boring (and none too bright) older brother. Urkel refuses to be photographed with him out of simple shame.
Re: Obama's Sophisticated Approach to Economics
I can't tell Joe Biden anything right now, Lady K, because he is busy touting our successes in Iraq, apparently forgetting his previous assessment to the contrary. He's also still serving as acting stimulus sheriff to make sure that not a dollar is wasted, so it's hardly fair to further burden him.
Edited on Dec 15, 2010 at 9:47pmMay '10
Re: Obama's Sophisticated Approach to Economics
I think you folks are simply too harsh. The guy went to law school, was a "community organizer" and a politician. Not only has he never had any experience in business, he has never had any job where he had to produce results. Once elected, he naturally surrounded himself with people in his comfort zone - University types with no practical experience.
I think it is a little unrealistic to expect him (or the folks around him) to understand something as complex as capitalist markets. If I am wrong, then tell me how anyone with an IQ above single digits could possibly say the stupid stuff that he and his advisers say in any discussion on the economy.
Re: Obama's Sophisticated Approach to Economics
David, the Sheriff needs to rustle on back to town and put the cuffs on this omnibus spending monstrosity. He should be about as effective as he was last time, I guess.
Nov '10
Re: Obama's Sophisticated Approach to Economics
We agree with you. The problem is that Obama and most of his entourage are Harvard-educated morons (my own term). We are facing exactly the same problem that led to the Fall of the British Empire. From Correlli Barnett's Audit of War:
"Henceforth, the British governing elite was to be composed of essay-writers rather than problem solvers — minds judicious, balanced and cautious rather than operational and engaged; the temperament of the academic [italics mine] rather than the man of action...And where would such mandarins be recruited other than from Oxford and Cambridge, their original breeding grounds? The cosiest of symbiotic relationships had thus been established."
Substitute "American" for "British" and "Yale and Harvard" for "Oxford and Cambridge." Shocking, huh? It really brings things into sharp focus. The only difference is, Obama was too lazy to write an essay.
Aug '10
Re: Obama's Sophisticated Approach to Economics
You go Barack.
touche, that really brings out the lack of enthusiasm. this guy sucks it out of a country faster 'n cardigan carter in a cold room
May '10
Re: Obama's Sophisticated Approach to Economics
Lady K,
I live in the UK & can tell you that things have not improved. I am truly amazed at the level of incompetence on every level of governance shown by the US administration and Congress. If there aim was to screw things up as much as humanly possible, their execution could not be better. I've lived in third world countries that were more efficiently and effectively run than what is being produced by the Bozos in DC.
May '10
Re: Obama's Sophisticated Approach to Economics
Jawboning industry leaders on their levels of employment is straight out of the Herbert Hoover playbook.
Jul '10
Re: Obama's Sophisticated Approach to Economics
I can see those CEOs returning to the home office and calling the CFOs on the carpet. "Why didn't our strategic planners think of hiring more people?"