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Friday, November 4, 2011

The worst President

Ronald Reagan used to say that liberals know only how to tax and spend. If there was ever a man who embodies that aphorism, it is Barack Obama. He has no clue as to how a free-market economy works or why it produces economic prosperity. Obama continues to insist that government should determine what energy technologies we're going to have. Thus the debacle of Solyndra. Five hundred million dollars went down the drain needlessly. Government can't pick winners because it doesn't know how to do so. If a centrally planned socialist system worked, it would have produced prosperity in China, the Soviet Union, and North Korea. It didn't. Only a free-market system knows how to efficiently distribute resources. Read this and this.

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