Monday, April 23, 2012

The nature of the beast

Lurita Doan says that "Obama is the World's Worst Investor", a claim that's hard to argue with, given the results:
Consider Obama’s investment in “green jobs”. After three and a half years and almost one hundred billion dollars of “investments”, Obama’s programs have been able to create only a few thousand jobs, certainly not the 5 million “green jobs” originally promised by the president. And, many of those few thousand jobs created are actually existing government jobs that have been re-categorized by Team Obama.
To be fair, I suspect that whoever was President would be a terrible investor.  It's just the nature of the beast: industrial policy will always end up squandering taxpayer money. But the difference is that most Presidents wouldn't actually spend hundreds of billions taxpayer dollars on nutty plans to create a farcical green economy.