It is amazing to see the smartest people on the planet give up. How do I know they are the smartest people on the planet? Because they and Obama said they were. They are Ivy League intellectuals that are part of a mutual, pat each other on the back, and tell each other they are great, society. Obama said it himself, he was going to assemble the smartest economic team the country had to offer. They were going to show dummy George Bush and the rest of us serfs just how important they were. We should "thank them" is how Obama put it. Three of them have left the Obama administration for obvious reasons. They include Christina Romer, Peter Orszag, and Lawrence Summers.

They all had different titles and for the sake of brevity I will not get into their titles or offices they held. They were first and foremost serving as advisors to the president on economic and budgetary policy. If it wasn't as bad as it is in America, this would be funny. This could be a joke on a late night talk show. However it is bad in America right now and these three people along with Obama are to blame. They also are all believers in "Keynesian" economic theory. It was conjured up by a British economist named John Maynard Keynes, and basically assumes that central government control is better equipped to stabilize the economy than than the private sector. We all know how well central government control over economies work in the examples of Cuba and the former Soviet Union. The theory has never worked in many tries, but is still not abandoned by the left. They love the power that it gives the ruling elite.

Here is their education backgrounds; Christina Romer was educated at MIT and is currently a professor at Berkeley. Why parents and students would spend hard earned money to learn failed economic theory in college is beyond me. Peter Orszag was educated at Princeton, and Lawrence Summers was educated at Harvard and is the recipient of the John Bates Clark Medal which is another leftist self appreciation prize they give each other. Funny how Arthur Laffer didn't win that medal, but that is another topic altogether.

If these people are the best and brightest, what does that say about our colleges of higher learning? I wouldn't send my children to an Ivy League school if they paid me to let them go. The leftists have virtually destroyed our once world class institutions of higher learning. This is why a Classical Education is so important (read about a classical education in my "conservative resources sites" link). These people are so closed off from the rest of us that they couldn't possibly know what works on main street. They are too busy competing for what looks great on paper in a perfect, leftist, utopian world. A world by the way which will never happen because of human nature and the need to be free.

Common sense seems to be lacking in the entire Obama administration. But like I have said before, this entire ordeal has nothing to do with intellect or common sense. It has everything to do with the grab for power and the want of the left to collapse the capitalist, free market economy that currently is dangling by a thread. Economics either micro or macro are all based on human nature and  human nature never changes. It is not that complicated, and certainly not as complicated as they want you to think it is. The left just can't seem to come up with a good, palatable transition from free to slave. These self-proclaimed "intellectuals" do not believe that America and Americans are exceptional. They believe we are serfs waiting to be lead around by the nose. This notion is what is ultimately retiring them and will in 2 years retire Obama, God willing.