Sunday, May 10, 2009

Too Much Attention to Detail

In a nation in which the public and private sectors have become increasingly and hopelessly blurred, it is perhaps not surprising that the President doesn't seem to understand the difference between a tax cut and money saved on a mortgage.

Leaving aside the matter of government intervention in corporate America, has anyone noted the amount of personal advice that Chairman Obama has been giving Americans? Since taking office, he has instructed American families that they should 1) purchase stock; 2) refinance their mortgages; and 3) buy an American car.

Has any American President ever arrogated himself to the point of offering this kind of instruction on personal financial and purchasing decisions?

Perhaps the President should commence news conferences by offering the disclaimer that he is not offering professional financial or legal advice.


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