Obama’s Job Nadir
In Ayn Rand’s Atlas Shrugged, the economy is being strangled to death by government spending and controls. And yet its leading economic official, Wesley Mouch, prescribes more government intervention as the solution: “I need wider powers!” he yells repeatedly. Besides the yelling, President Barack Obama sounded an awful lot like Wesley Mouch at his recent “jobs summit,” which was intended to address our 10%+ unemployment.
Consider the context of the summit. The Bush and Obama administrations warned us that if we didn’t fall into line with their trillion-dollar bailouts and industry takeovers, we would be punished by unemployment over 10 percent. We fell into line. Unemployment is over 10 percent.

“[I]f countries like Iran are willing to unclench their fist, they will find an extended hand from us,” Barack Obama
Bret Stephens at the WSJ
In all of President Obama’s
In a series of ads for “The New GM,” General Motors, recently taken over by the government, is doing everything it can to present itself as a newly nimble private company. GM, the ads imply, is single-mindedly focused on returning to profitability by offering truly desirable cars to customers. How are they going to do this? By producing the kind of cars the Obama administration has been pushing: small cars with high fuel economy, hybrid technology, “alternative fuel” capability, etc.
July was the worst month for U.S.
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