Obama Doesn't have a Clue....

Fix Unemployment by Fixing the Patent Process
The Barack Obama School of Economics

7:49 PM, Jul 8, 2011 • By FRED BARNES


Streamlining our patent process? Yes, that was one of the remedies President Obama offered Friday in response to news the unemployment reached 9.2 percent in June and job growth was pitiful.

It raises once again this question: Does the president have any idea how a free market economy is supposed to work or how to fix it when it’s ailing? The answer, based on Obama’s remarks in recent months, is no and no.

The president said Americans “expect us to act on every single good idea that’s out there.” But he hasn’t acted on any of the ideas that might give the economy more breathing room and less intervention by Washington. But these ideas continue to pile up at his doorstep.

For instance, how about rolling back the wave of regulations his administration has imposed on the economy and job creators? Nope, that idea’s not on his radar. How about delaying the implementation of his health care program that terrifies so many small businessmen? Sorry, that’s off the table. How about serious cuts in spending in areas other than defense? The very idea makes Obama nervous, even as he tries to negotiate an agreement on raising the debt limit. How about having government gobble up a smaller share of GDP, thus leaving the private sector more to work with. Forget it.

If you follow the president’s speeches, especially the many he has delivered at Democratic fundraisers in recent months, you’ll notice he specializes in listing not programs he wants to cut, but all the programs that he has no intention of cutting. Defense might take a whack, but that’s about it.