Bug or feature?
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
- 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
- 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
- Limited adaptabilty/learning: they intend to win 8 years, and have no Plan B, unable to change course from what they “grew up” believing?
- 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?