If you listen to the principal spokesmen for U.S. economic policy — Obama and Geithner — they grow daily ever more explicitly hostile to the private sector and ever more comfortable with the language of micro-managed government-approved capitalism — which, of course, isn’t capitalism at all. They’ll have an easier time getting away with it in a world of “global oversight” where there’s nowhere to move to. Unfortunately, even then it won’t work. Think about it: It takes extraordinary skill to create and manage a billion-dollar company; there are very few human beings on the planet who can do it. Now look at Obama and Geithner, the two men currently “managing” more money than any individuals in human history: not billions, but trillions.
Notwithstanding the Treasury secretary’s protestations that the Yes/No prompt buttons of Turbo Tax were too complex for a simple soul such as himself, it’s no reflection on the hapless Geithner that he’s unable to fix the planet. When the Bolsheviks chose to introduce Russians to the blessings of a “command economy” 90 years ago, they were dealing with a relatively simple agricultural society largely contained within national borders. Obama and Geithner are trying to do it with a sophisticated global economy in which North American consumers, European bankers, Asian suppliers, Saudi investors, and Chinese debt-holders are more tangled than an octopuses’ orgy. Even with “global oversight” — with the Toxic Tims of Germany, Argentina, and India all agreeing on how to fix the game — it can’t be done.
The rest here:
Our economy is being reduced to an unrecognizable pile of mush thanks to a Marxist idiot and his inept Treasury Secretary.
How’s that “change” working out for you?