President Freakonomics Finally Masters the Free Market
LOOK FOR THE UNION LABEL
Commanding the military, appointing Federal judges, conducting diplomacy, deciding the advertising budget of a car company–sometimes it seems like this president doesn’t understand his job or free market capitalism.
It’s supposed to work like this: a group of investors gets together and invests in a product that they can sell to the American people. They own that investment, and it shouldn’t be confiscated by, say, some power-mad meglomaniacal politician bent on running everything. No, that investment is the wholly-owned property of the investors, bought and paid for, and those investors are entitled to make a profit on the product they have invested in.
But there’s some Good News: It looks like the president has finally grasped these basics of market economics!
The Bad News: The investors in this case are unions–and the product they have invested in is Barack Obama.
They are selling him to the American people. They own him, lock, stock and barrel, bought and paid for. They are reaping a huge profit on their investment. They even got him to gut investigations of crooked union bosses.
That’s value. That’s service. That’s…Obama(tm)!
Hey, President Gekko, whadda’ you know; greed IS good, after all!
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