Economic Savvy When It Really Matters

Yes, it does seem that leftward politicos do seem to have a better grasp economics when they are directly affected by a policy:

Feinstein, head of the Senate Committee on Rules and Administration, was forced to deal with reality. “It’s cratering,” the Washington Post quoted Feinstein as saying [referring to the government-run Senate dining services]. “Candidly, I don’t think the taxpayers should be subsidizing something that doesn’t need to be. There are parts of government that can be run like a business and should be run like businesses.”
Yes, yes, go on, Dianne. Run with that thought. Explore it, as the therapists say.
Perhaps you might meditate on the District of Columbia’s public school system, which spends roughly $14,000 a pupil in exchange for one of the worst educations in the country. Every year, one of the greatest mysteries in the nation’s capital is whether textbooks have been delivered to the right kids, or even to the right schools. It can take until Christmas to get it all worked out. FedEx Corp., meanwhile, can tell you where any of its millions of packages are in more than 100 countries, right now. (Why not just FedEx the textbooks to the kids?)
Or you might ponder the hilarious example of New York’s OTB. For most of the last 40 years, these state-run betting parlors have actually lost money. Apparently, the house always wins — except when Uncle Sam is the bookie.
Look wherever you like, it’s not as if there’s a shortage of examples. And more are on the way.

Jonah Goldberg means the examples are on the way by means of Barack Obama, should he win.

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16 years ago

“Candidly, I don’t think the taxpayers should be subsidizing something that doesn’t need to be.”

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