Wednesday, November 18, 2009

Irony, Thy Name is Obama

Perhaps the most annoying type of TV commercial is the (apocryphal?) car dealer who claims to lose money on each sale, but will "make it up on the volume." Ostensibly, this is supposed to mean that he'll sell so many cars that he'll end up with a profit.

Unless you're a state Attorney General, you probably understand enough economics to know that, if you're losing money on each car, you're going to lose more money on lots of cars.

Okay, that last sentence is unfair; let's make it more accurate: Unless you're a state Attorney General or the President of the United States, you probably understand enough economics to know that, if you're losing money on each car, you're going to lose more money on lots of cars.

As witness:

"President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession."

So let's get this straight: if we don't cut spending, we're going to continue to further damage an already floundering economy, and the way to cut spending is to spend almost $2 trillion dollars on a government takeover of our health care system?

Gosh, what kind of mileage does that baby get?

[ed: Our apologies to car salesfolks for comparing them to President Obama]
blog comments powered by Disqus