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Presidential Pablum

The long and winding road, the Gipper nails Obama, with a wee bit of help from Fred Barnes.   Ronald Reagan [1] (audio), 1964:

“Well, the trouble with our liberal friends is not that they’re ignorant; it’s just that they know so much that isn’t so.”

Your truly [2]:

The last time I checked Obama has a hack lawyer, who has never released his college or law school transcripts and never published anything, he himself, has written.   Obama has trouble understanding laws or executive orders he has signed.   Translation, if Obama is really a lawyer, he not a very good one.

So this hack lawyer makes this radical economic pronouncement that somehow economic recovery is magically linked to enacting his bloated three trillion dollar budget.  Since when?   Obama has no economic credentials..   He cites no economic experts who can collaborate his theory.   In short Obama gives us no reason to believe that his private theory is true.

Eric [3], on the clueless one’s desire, to run the entire domestic auto industry:

Look, James, let’s not kid ourselves into thinking he’s interested in running a car company, much less three. He’s trying to save the Unions [4]. [5]First off, are we really to take from this, that the government [6] that within a month has opened the American people up to a debtload that is bigger than all the debt incurred from the time of President [7] Washington to President [7] Bush [8], will have a clue how to keep a car company afloat?

Fred Barnes, Weekly Standard [9], picks up the baton:

President Obama insists he’s a free-market guy. But you have to wonder whether he understands how a free economy really works. His policies and his words–especially what he said at his press conference this week–suggest his sense of what makes economies grow and how people are affected by government policies is surprisingly weak.

Some of what Obama says is just pablum and isn’t supposed to be taken as serious economic thought. At least I hope not. Rather, it might be called economic morale-boosting. Nothing wrong with that, unless he actually believes what he’s saying.
He said at his press conference, for example, that prosperity won’t return unless we’re all working together for a higher purpose than ourselves. Adam Smith, the guru of free markets, would disagree heartily with this, since he believed a strong economy grew out of individuals acting in their own behalf. But Obama talks as if he knows better. Pablum

Yes, just as Reagan said back in 1964 and just a Fred Barnes detailed, the problem with Barack Obama is not what he knows, but rather what he knows that just isn’t so.   Adam Smith [10] demonstrated that he knew why economies worked, human self- interest.   Economies built on Smith’s ideas have thrived.    In the meantime economies built on the Karl Marx and now Obama model of centralized planning and control like the former Soviet Union and Cuba have utterly failed.