Knowledge Problem

Tim Haab: Michael Moore is a Bad Economist

Lynne Kiesling

Sorry, Tim, but that’s not really earth-shattering news, is it? Anyway, Tim’s post critiquing Michael Moore’s recommendations to the Obama administration as majority shareholder in GM is highly entertaining. A taste to whet your appetite, but please do read Tim’s foment in all its glory:

And as the end days of oil approach us, get ready for some very desperate people willing to kill and be killed just to get their hands on a gallon can of gasoline.

I’m going out tonight to rent Mad Max and learn how to handle this.  On second thought, that would mean driving my evil-machine of death and destruction, er I mean car.  Better, I’ll use my HDTV and video on demand to learn how to save the planet Mel Gibson style.

President Obama, now that he has taken control of GM, needs to convert the factories to new and needed uses immediately.

Because government knows best.

2. Don’t put another $30 billion into the coffers of GM to build cars. Instead, use that money to keep the current workforce — and most of those who have been laid off — employed so that they can build the new modes of 21st century transportation. Let them start the conversion work now.

Slight rewrite: Don’t put another $30 billion into the coffers of GM to build cars. Instead let them sink or swim on their own. You know, like any other business that hasn’t been bailed out recently.