Wednesday, August 17, 2011

Obama, Creating the Market in His Own Image

President Obama spoke Monday regarding the need for car makers to understand that people don't want SUVs and trucks! They want to save money! They want fuel efficient vehicles! Why are those silly car makers bothering to spend money on research and marketing when the president is around to help them suss things out?

At one point he actually had the audacity to say, "You have got to understand the market."

And just in case the market, which is already far from free, does not respond in the manner the Commander in Chief thinks is appropriate, here is his administration's plan to help shape that Medium and Heavy Duty Engines and Vehicles market. All 958 pages of it. Grab a pot of coffee and enjoy. It's for your own good, you know.

His approach to the market reminds me of something. Now what was that? Oh yes:
"Do you believe?" he cried.
Tink sat up in bed almost briskly to listen to her fate.
She fancied she heard answers in the affirmative, and then again she wasn't sure.
"What do you think?" she asked Peter.
"If you believe," he shouted to them, "clap your hands; don't let Tink die."
Many clapped.
Some didn't.
A few beasts hissed.*  
I hate to be a beast, but no amount of clapping will make an artificial market viable beyond its special, governmentally-induced bubble. And even there, it's subject to the constant pin pricks of reality. (See Evergreen Solar)

*J.M. Barrie in Peter Pan

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