June 30, 2010

CASH FOR CLUNKERS: A RETROSPECTIVE. Top-down industrial policy carried out through the sheer force of incentives is welcomed by behavioralist Washington.

UPDATE: Reader Paul Jackson writes:

Before the first piece comes out that postulates “Where it all went wrong for Obama”, may I be the first to say: when he took that ill-fated trip to Copenhagen in order to secure Chicago’s 2016 Summer Olympic bid. That was the first time the public at large sat up and thought it was amateur hour at the White House. They haven’t done much since to dispel that notion.

On an unrelated note, given the consistent media phrasing of “the worst economic crisis since the Great Depression”, high unemployment, mortgage failures galore, how come Whoopi/Robin/Billy haven’t done an HBO special for the homeless/out of work? Surely there must be more homeless people than ever in our recent history? Did we, without my knowledge, already solve that problem? I know, I know, doesn’t fit the narrative.

It’s all about the narrative.