The most disturbing thing about Obama is not his preternatural self-assuredness. That's almost acceptable on some level because he is about as charismatic as he thinks he is. Instead, The Monk is most disturbed by Obama's belief that what he says is true even if it is undeniably false, and his unshakeable belief that his policy prescriptions will work even when every shred of scientific and economic evidence (depending upon the subject) conclusively prove otherwise.
This is nothing less than defiant ignorance, or aggressive solipsism. And it's not the sign of an intellectual or a highly intelligent person, it's the sign of a doctrinaire demagogue. For all his love of Keynesian economics (most of which is bunk), Obama still hasn't taken to heart the Keynesian maxim "When the facts change, I change my mind. What do you do, sir?"
Thus, Fred Barnes' column on Obamanomics is a must read. Here's the core:
. . . He wants to eliminate many deductions for upper middle class and wealthy taxpayers. He's eager to spur the growth of unions, though success here is likely to slow the rate of growth and increase the rate of unemployment. He wants government to intervene more aggressively in the economy, a reliable job killer. He's asked for authority to seize any financial institution deemed (by his administration) a "systemic risk" to the economy. He thinks government can teach the private sector lessons in efficiency. That would be an historic first. He believes his budget, which triples the national debt, "lays the foundation for a secure and lasting prosperity."
Whew! And this is just what Obama has proposed in the first six months of his presidency. Obamanomics pays lip service to a free market economy. But Obama hasn't a clue what makes it work.