June 12, 2011

MARK STEYN: It’s all bumps, no road in Obamaville.

“There are always going to be bumps on the road to recovery,” President Obama said at a Jeep plant in Toledo the other day. “We’re going to pass through some rough terrain that even a Wrangler would have a tough time with.” His audience booed. They’re un-fire-able union members with lavish benefits, and even they weary of the glib lines from his 12-year-old speechwriters.

We’re not on the road to recovery. You can’t get there from here, as they say. Obama was in Toledo to “celebrate” the sale of the government’s remaining stake in Chrysler to Fiat. That’s “Fiat” as in the Italian car manufacturer rather than “an authoritative or arbitrary decree (from the Latin ‘let it be done’),” which would be almost too perfect a name for an Obamafied automobile. The Treasury crowed that Fiat had agreed to pay a whopping $560 million for the government’s Chrysler shares. Wow! 560 million smackeroos! If you laid them out end to end, they’re equivalent to what the federal government borrows every three hours. That’s some windfall! In the time it takes to fly Obama to Toledo to boast about it, he’d already blown through the Italians’ check. But who knows? If every business in the U.S. were to be nationalized and sold to foreigners to cover another three hours’ worth of debt, this summer’s “Recovery Summer” would be going even more gangbusters. I’d ask one of Obama’s egghead economists to explain it to you simpletons, but unfortunately they’ve all resigned and returned to cozy sinecures in academia.

Don’t be knocking those cozy sinecures in academia. . . .

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