Tuesday, September 20, 2011

Obama's grasp of economics and social graces

From Althouse, we apparently the President's first words to former economic adviser Christina Romer were:
""It’s clear monetary policy has shot its wad" is what Obama said to her before even "hello."
Stay classy, Barack! Worse, as an economist, she was clearly right and Obama (and the Larry Summers faction of economists he sided with on monetary policy) was plain old wrong, and have made things much worse following their mistaken beliefs.

While the language is bad the bigger problem is that Obama was meeting one of the world's foremost scholars of monetary (and fiscal) policy and immediately dismissing one of her primary findings.

It'd be like meeting Einstein and the first words out of your mouth are "relativity is bullshit".

No comments:

Post a Comment