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Bug or feature?

September 1, 2011

I’ve been reading a lot from bloggers who weigh in on the side of whether the economic damage being reported daily is a bug or a feature as far as the White House is concerned…

This in particular - from Hot Air today - makes the situation look like a bug. If Obama wanted another 8 years – the last four of which he’d REALLY transform everything, I’m not sure he’d deliberately put the economy in a tailspin before he got his second four year term. Winning in 2012, he could open a can of whoop…well you know.

NRLB: this report on SC makes it look like a feature – if it’s not union jobs, or in a union state, there aren’t any jobs. If the government mandates party participation to work, eventually people will cave and join the union

Liberal speculation on Obama’s jobs plan makes the economic “malaise” look like a feature - employ more people by the government and who’s going to question big government?

Pajamas Media clearly views the employment issues are a feature, not a bug, and if economic experts like Pimco are saying “abandon Keynes” you’d think the WH would listen – indicating this is a feature

UPDATE: Found another article – AT&T /T-Mobile proposed merger – “Did AT&T think it’s 11th hour offer to bring 5,000 wireless call-center jobs back to the U.S. if its $39 billion purchase of T-Mobile USA was approved would work? ” Is it a coincidence that DOJ is saying no AND the call center would be housed in Dallas? hmmm – slows down that Governor of Texas a bit..maybe it’s that Texas is a ‘right to work state’ and there’s another high profile union strike going on over the past  (landline, unionized) and the future jobs (IT/cloud, wireless – not unionized)

Fister has a saying he uses in one of our classes – ‘the idea might be the right idea – floated at the wrong time’. Is this a feature, where the consequences were revealed and reaped more rapidly than anticipated (before Obama gets another 4 years)?

so question – are Obama & his advisors

  1. Naive: they believe that the economics they were taught in university circles were going to have a different outcome than 9% unemployment – keep trying til it works, despite the outcomes in Europe
  2. Strategic and commited: push through hard-to-repeal bills that boil the frog one degree at a time, 8 years is nice, only 4 yrs are necessary
  3. Limited adaptabilty/learning: they intend to win 8 years, and have no Plan B, unable to change course from what they “grew up” believing?
  4. Economic arm candy: someone who understands economics is using them as a front to make money by shorting US institutions and US economic stability?

What say you – bug or feature?

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5 Comments leave one →
  1. Stormrider permalink
    September 4, 2011 10:51 pm

    I think it is a bug of total incompetence and stupidity , here is why.

    Point 1 if these people were so smart and in control. Why didn’t they see the rise of the TEA Parties? They never expected nor could they conceive that the TEAs would grow so fast and be so powerful. Whether you agree with them or not the TEAs changed the game.

    Point 2 We knew what Obama was and what he was going to do within a few weeks, thus the 2010 election was a result of people getting involved, getting educated and challenging the ruling class.

    Point 3 The Administration is running the same playbook over and over again. and if they fail, they throw more money at the problem hoping that the problem will solve itself. It isn’t going to happen ever. ( Define Insanity here !)

    Point 4 “Hope and Change” meant exactly what? A empty high sounding rhetorical line which had no structure and meant nothing, it sounded good. “Yes We Can” meant exactly what?

    Point 5 All you hear is tax the rich, those evil corporations are sitting on piles of OUR (Sarc)
    money and they should be made to use it for the greater good. I have never heard one of these Administration people define who is rich. Is it a millionaire, a billionaire, 500K, 600k who exactly are the Rich? It is clear they don’t understand nor will they ever understand what a corporations function is. To Make Money ! If you don’t understand the basics how can you lead?

  2. September 3, 2011 9:10 pm

    I think we’re all pretty much in agreement – the current outcome is DEFINITELY (most likely) a feature, but very much like the terrorists who can’t figure out how to set the detonator to go off at precisely the right moment (and blow themselves up 30 mins early), they didn’t know enough about the process to determine the right fuse length….

  3. GaryP permalink
    September 3, 2011 2:52 pm

    I think that many of Obama’s people really believe in their idiotic policies. Reading today and article by the new head of the Council of Economic Advisors in which he proved (with slanted research) that if you raise the minimum wage then employers will rush to hire more unskilled labor.
    How could anyone believe that (much less a so-called economist). If my lawn service increases prices will I have them mow more often? If the price of steaks go up, I will buy more steaks?
    Why don’t we make the minimum wage $1Million a year and then McDonald’s would hire all the unemployed in America.
    Anyone that believes in socialism is not necessarily evil but they are stupid.
    Obama is, IMHO, opinion either both evil and stupid, or, more likely, sly and cynical. I don’t think he wants to do anything but buy votes, call it populism, socialism, communism or progressivism. He learned corruption in Chicago and that’s how he works and will always work.
    Destroying America is a small price to pay for his becoming rich and powerful and living like a monarch. He is Capone with an army and the FBI instead of a bunch of goons.

  4. Ellen D. permalink
    September 2, 2011 10:48 am

    I think it is a little of both.

    I think there was intent to expand the “nanny” state and make more people dependent on big government mostly to ensure re-election. I also believe the policies were meant to pay of their cronies, just like the previous administration did with their pals – same old same old, just different cronies.

    The extent of the damage seems to be more of a bug though since from all accounts the percentage of people who disapprove of the leadership’s handling of the economy is continuing to drop. Not that I trust polls, I really believe most of the leadership has the inability to look at cause and effect, let alone 2nd or 3rd order effects. Just because they believe they are smarter than the rest of us doesn’t make it so.

  5. September 1, 2011 11:39 pm

    Around 2.5, I think. I have been confronted with the number of committed communists and anti-capitalists in our universities (thousands!) who truly believe our system is evil. As a result, I can accept that people that Obama is appointing from the academic environment (or people with long exposure to that environment) would intentionally try to dismantle the system.

    But much of what those people think they know about economics is false. So even the intent to do damage — and for some, the intent is evidently there — is coupled with a lack of ability to control the result.

    ===|==============/ Keith DeHavelle

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