The Cost of Inexperience

President Obama and his coterie of academics and Federal Reserve Chairman Ben Bernanke remind me of the Johnson Administration. LBJ turned over the implementation of his benighted concept of exercising military power as a means of achieving domestic economic growth to Robert McNamara and his Whiz Kids. As a result thousands of American soldiers were wounded or killed in southeast Asia.

In turn the current administration has, in furtherance of benighted economic philosophy implemented by those with no practical experience, wounded or killed the dreams of a better life for thousands of American citizens. A lifetime based on books is no substitute for even a small amount of actual experience in the trenches whether those trenches be located on the battlefield or in the marketplace.