The Obama Syndrome

The President’s apologists have been attempting to ride to the rescue regarding his statement from last Friday that the private sector is doing just fine and that it’s the public sector that really needs help. Their general take writ large? The most intelligent, articulate, brilliant commander-in-chief ever misspoke.

As Keith Hennessey has observed, the President has instead made both a diagnostic error and a prescriptive error. The bottom line:

For every net lost government job since employment peaked in January 2008, the U.S. economy has lost more than eleven private sector jobs.

The President seems to think that public sector jobs like firefighters and police create wealth. This is incorrect, however, those functions can help preserve wealth, just like insurance.

But as millions of ads per day tell us, we may be paying too much for our insurance.

Besides paying too much, it’s also possible to have too much.

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About Professor Mockumental

I enjoy almost all forms of parody, buffoonery, and general high-jinks. Satire has shown itself to be an essential societal need; I therefore humbly offer my services in such a manner. I enjoy mocking the usual suspects at the New York Times (Charles Blows, Moron Dowd, and the earth is flat guy) and Washington Post (Dana Milkbag, E.D. Dijon, and David Ignoramus). There are many others as well, but sadly, there are always too many targets and too little time.

Posted on June 13, 2012, in Uncategorized and tagged , . Bookmark the permalink. Leave a comment.

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