By John Rogitz

It is small comfort when the President of the United States – the guy on whom so many pin their hopes of leading us out of the current downturn – is financially illiterate.  If you think that statement is bold, read on.  Certainly you can’t think the statement is surprising.  Obama spent a few years “community organizing” and then a few more years as a lackluster pol before His Ascent so not even the truest of believers rationally could pin expectations of financial/economic prowess on such a thin experience.

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By John M. Rogitz

As tempting as it may be to write about all the pit falls of the stimulus package, I’d like to mimic George Will for a moment and switch from politics to baseball. After all, picking on the stimulus package is as easy as convincing the American public that you should be elected President simply because you’re black. If you dispute that assertion, ask yourself one question: If President Obama was a WASP, who would be President right now…Hillary Clinton or Barack Obama?

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By John Rogitz

We’re not sure exactly what change the youth vote was hoping for, so we’ll stick to the change we got.

We have a redux of 1930s Keynesian economics that even Lord Keynes later disavowed after government meddling in the free market turned into the turd in the punch bowl. As Friedrich Hayek might have asked, what makes a small cadre of government employees think they possess more knowledge about the proper allocation of resources than millions of market participants acting in concert? Well, Obama thinks his lot can pick winners and losers and so he is about to drop on the shoulders of you and your children the obligation to pay back a trillion or more dollars that his geniuses are about to dispense to their favorite pets.

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