Spengler (David Goldman) gets to the core problems with Obama’s economic analyses

There were so many things wrong with Obama’s speech last night, whether because of dumb ideas, lies, vicious attacks against Constitutional guardians, etc., that criticism actually becomes difficult.  It’s kind of like punching Jello, because you just get sucked in.  Nevertheless, it is important to criticize, not just Obama’s untruths, but the fundamental flaws in his reasoning.  David Goldman (aka Spengler) does precisely that when he goes after Obama’s facile prescription for America’s economic malaise.  Aside from learning more about Obama’s profound wrongness when it comes to economics, you’ll get to read this gem of a paragraph:

In his attempt to emulate Clinton’s success, President Obama resembles nothing so much a the New Guinea aboriginals who built model airfields complete with straw control towers and airplanes after the Second World War and the departure of the American army. The Americans had summoned cargo from the sky through such magical devices, so thought the aboriginals, and by building what looked like airfields, so might they. But Obama can no more conjure up an economic recovery by doing things that look like what Clinton did, than the natives of New Guinea could draw cargo from the sky with straw totems. Marx’s crack about history repeating itself—the first time as tragedy and the second as farce—comes to mind.

Incidentally, Obama is the lightening rod for this critique, because he is the President who uttered the words showing his profound inability to understand economic forces. Democrats, however, are supporters and enablers, so please don’t give any Dems in Congress a pass on this. Statistics show that America’s Congressional Democrats are as loony-toons liberal as they come. Even the Blue Dogs are simply “blue,” without any mitigating “dog” attached.