I might have used the term "dictator" or "tyrant," but seeing as Obama is telling carmakers what kind of cars they should make, "autocrat" is especially fitting.
You can't make this up. He told carmakers that they should concentrate on building smaller and more fuel-efficient automobiles. He said: "You can't just make money on SUVs and trucks. There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market."
That's right. That's exactly what he said, unless my sources misreported the beleaguered chief executive. With no experience in business and with no appreciation for how markets work, he's telling businessmen they need to understand the market.
Anyone who understood the market wouldn't suggest that suppliers start making product they have no reason to believe would be sold. Anyone who understood the market would know that a private-sector manufacturer's fiat works no better than a president's to stimulate demand, unless, perhaps, there were a monopoly environment and manufacturers could collude to produce only the product that they wanted to sell, and even then it would be highly unlikely.
But this is nothing new for Obama, who once convened a group of businessmen to tell them they had to start hiring more people, as if the decision to hire more people were solely a function of an employer's will rather than involving a cost benefit analysis -- and as if their hiring more people would jump-start the economy.
Then there was the time he said that under his then proposed health care plan (he never actually had his own concrete plan), waste would be greatly reduced because he would get doctors together to discuss their procedures and ensure there wasn't duplication of tests and services.
This is truly breathtaking stuff, folks. High-school students should know better than to make such statements. I'd be embarrassed for Obama except that the liberal media never call him out on such ludicrous assertions and thus the poor fellow apparently doesn't even realize he has become a parody of himself.
This is unnerving. How can someone have made it this far in life with such fundamental cluelessness? Has everyone only told him "yes" the past few decades, or was he too arrogant to listen to dissenting answers?
Was it Socrates or "Dirty" Harry Callahan who said, "A man's gotta know his limitations"?
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