George Burns, Chris Christie, Warren Buffett and the U.S. debt
The Friday Letter / Issue #166
No quick fix to economic ignorance
Stephen Combs / The Federalist Review
“Too bad all the people who know how to run the country are busy driving taxi cabs and cutting hair,” George Burns once said. Today we can say it’s too bad the people who think they know how to run the country are . . . running the country.
When President Obama tried to make it look like he was backing down from his order that Catholic hospitals, universities and charities provide their employees with free contraceptives and abortion-related services, nobody with a scintilla of business knowledge was fooled. Best we can tell, the “compromise” goes something like this: His original order requires employers to provide these services. The amended order requires their insurance companies to provide them.
Only two conclusions of this nonsense are possible. Either the President is profoundly ignorant of even the simplest business principles – like those required to manage a hotdog kiosk or sell Girl Scout cookies – or he thinks a majority of voters is so stupid that they will believe anything. (more…)
