Obama's Crumbling Facade

Perhaps Barack Obama is the last person who still thinks that Barack Obama is smart.

Obama's ideology blinds him to relevant variables.  Incentives, institutional frameworks, profit and loss, individual initiative, saving and investment, hard work, etc. have no role in his simplistic world.  He is a political creation with no experience in relevant matters.  He does not understand markets, business, meeting a payroll, or managing an organization.  This vacuum in knowledge produces failed economic results because policies do not consider the relevant variables for economic success.

In Obama's world, success and failure are moral rather than economic outcomes.  Success is a marker for evil.  Failure is due to someone else's success rather than personal shortcomings.  Failure represents passivity, the choice to not exploit others.  Proper moral behavior produces failure.

For Obama, economics itself is inconsistent with morality.  Hence economics itself must be evil.  This view of the world is both simple and ignorant.  No, it is beyond that.  It is a sign of stupidity!  Recognition of this stupidity is the key to understanding Obama's behavior and policies.