Pols Don’t Get Economics

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Posted: August 18, 2014

Washington Post Writers Group, 2014

President Obama rejoiced that Airbus is “building new planes in Alabama.” Airbus is in right-to-work Alabama because capital, being mobile, goes where it is wanted and stays where it is well-treated. Pictured, Airbus chief Fabrice Bergier (left) shakes hands with Alabama Gov. Robert Bentley. (Photo by Associated Press)

WASHINGTON

Barack Obama, presiding over an unusually dismal post-recession economy, might make matters worse with a distracting crusade against the minor and sensible business practice called…



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