9th grade economics? 3

 From Power Line

I don’t believe Barack Obama is an idiot. Truly, I don’t. And yet, whenever he talks without a teleprompter [which now has its own blog – JB], he makes you wonder. This verbal excursion is from today’s "townhall," conducted in California before a cheering throng of, no doubt, carefully selected fans:

The same is true with AIG. It was the right thing to do to step in. Here’s the problem. It’s almost like they’ve got – they’ve got a bomb strapped to them and they’ve got their hand on the trigger. You don’t want them to blow up. But you’ve got to kind of talk them, ease that finger off the trigger.

If you’re a Democrat, maybe that reassures you that our President knows more about the economy than the average 9th grader [or more about bombs that have triggers than anyone else on earth- JB]. On the bright side, though, at least Edward Liddy knows he won’t be waterboarded!

Posted under Commentary by Jillian Becker on Friday, March 20, 2009

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This post has 3 comments.

  • Jillian Becker

    Furthermore, Karl Marx was wrong.

    He declares at the very beginning of Das Kapital that if he is wrong about the ‘labour theory of value’ then his whole economic theory is wrong.

    Well, ‘the labour theory of value’ IS wrong. Common sense can tell one that. In addition, it has been thoroughly disproved – by Hayek, for instance, among others.

  • Jillian Becker

    We much appreciate your comments, Kenn. And mostly agree with them.
    One disagreement: Karl Marx was not a genius; he was a plagiarist and an ignoramus, who was unable to earn his own living. He acquired his doctorate – after 2 failed attempts at 2 different universities – by sending a few pages to a third which was trying to raise cash by selling degrees. He once asked Engels (who supported him and his family) how a businessman differentiates between his business profit and his personal income. This from the author of Das Kapital!

  • Kenn

    The problem is not his intelligence.

    It’s how he uses it.

    Karl Marx and Ayn Rand were both geniuses.

    The simply applied their abilities differently.