Just in case you still had a smidgeon of doubt that Obama’s administration is doomed to economic failure:
Obama vows to increase number of soldiers…
Obama vows to seek cure for cancer ‘in our time’…
Obama says bank bailout may cost more than expected…
Obama promises universal EDUCATION THROUGH COLLEGE…
Obama promises universal health care…
Of course, I am using the term “optimistic” in the sense of the English football commentator, who usually reserves it for a ridiculous shot taken from an absurdly long distance by the sort of player who only scores two or three goals in the best of seasons. What on Earth is the freaking point of sending a bunch of cretins who couldn’t learn to read in 12 years of high school to college? University degrees are already the virtual equivalent of high school degrees, by the time Obama is done, they may be the equivalent of finishing junior high. And a cure for cancer… why not just have done with it and promise everyone flying unicorns that smell of rainbows? I find it interesting that Obama is reduced to vowing that the USA will survive a “day of reckoning”. The mere fact that he has to say it tends to indicate that the issue is in doubt.
Meanwhile, Charles Murray is in awe: It looks very much as if the president is oblivious to everything we’ve learned about social programs and educational reforms in the last 40 years—and by “we” I include policy analysts on the left as well as right. The guy never indicates that he is aware that we’ve tried a whole bunch of the same stuff he wants to try and evaluated it repeatedly and—read my lips—it doesn’t work.
Come on, Charles, don’t player hate. Obaminate!
UPDATE – Ben Shalom stimulates more public confidence: “We’re not making it up,” Bernanke told the House Financial Services panel. “We’re working along a program that has been applied in various contexts,” he said. “We’re not completely in the dark.”
He’s right, the program has been applied in various contexts. The very small fact he left out is that it didn’t work then either.