Traveling down the road to serfdom

Writing a couple of days ago in this space, I asked whether President Obama’s spectacular mishandling of the economy was a function of his incompetence or his malevolence.

For what it’s worth, I believe that the answer is (mostly) “incompetence.” I take little solace from that conclusion. For one thing, I also believe he is doing everything he can to capitalize on this crisis (hence the “mostly”), bludgeoning cautious lawmakers with the prospect of “catastrophe” if they don’t instantly fall into line with his eye-popping spending proposals.

Even more worrisome, however, is the fact that the President’s brand of good intentions is potentially more destructive than simple malevolence.

The President has very little experience in economic matters. He's getting his advice from the same people who steered us into this smash up.