Obama's wildly unscientific and hyperbolic claim to have "saved or created" as many as three million jobs (this weekend I heard 1.5 million from Gibbs and 2 million from Axelrod) turns out to be insane even if we grant them that huge overestimate. If they saved 3 million jobs that comes out to around $300,000/per job-saved-or-created. Which is terribly inefficient. Just awful. And that article doesn't even take into account the questionable problem of counting government bureaucracy jobs as "jobs." I might count government jobs as 3/5 of a job.
So one year into the Obama administration, we've seen unemployment balloon way over the 8% they predicted would be the highwater mark a year ago. We've seen housing markets continue to collapse. We've seen banks bailed out and propped up. Meanwhile, how's New Orleans doing? Anyone? Chirp, chirp, chirp...
Even Ross Douthat's crazy-conservative op-ed piece in the New York Times today understates my complaint. Look, you people, you liberal, soft-hearted, socialist-sympathizers: if economics can be effectively controlled from the commanding heights (as Lenin called it) downward, let's fuckin' go! Get it together. Hand out jobs. Make poor people more equal with rich people. Seriously. Poop or get off the toilet.
Anyone who's not entirely dumb knows that we're stuck in a situation very similar to the one Reagan took on in 1980. Reagan cut taxes dramatically, and cut subsidies. Things went horrible for 16 months and then recovered smoothly for twenty years. Now Obama is doing all of the exact opposite things to recover from a similar stagnation-like economic situation.
If the economy eventually recovers under Obama's plan, I'll be completely miffed. Indeed, I'll shuttup about it. It'll boggle my mind, and I will defy anyone to then explain to my why Reagan's economy turned around... but I'll accept it as reality.
But it's looking more and more exactly as I should've known it would look. A big bureaucratic disaster full of special-interest deals and unpredictable handouts ($8,000 for a house until
Dec. 30th, 2009 April 30th, 2010 December 30th, 2010...) and so on. Only an ideological academic leftist like Obama could make Ayn Rand look like a prophet.