You have to hand it to Professor Barack Obama. No one in recent times has demonstrated, with more clarity, the failure of central planning when compared to free market capitalism than Barack Obama. He deserves some kind of award for his efforts. I’m thinking we could give him early retirement beginning in January 2013.
Being a modest and humble man, professor Obama does not seek recognition for his efforts. It is only when information leaks out to the alternative news sources that we learn of his brilliance. It was in this manner that we learned of the numerous examples of central planning being used unsuccessfully to invest in not ready for prime time “green energy” projects to the tune of hundreds of billions of dollars. The man is really good, isn’t he. But hey, the good professor wasn’t going to rest on his laurels. Professor Obama wanted to prove that central planning could be shown to fail in other areas too. Let’s see what else the modest and humble Professor Obama has been up to.
In a stroke of genius, Professor Obama, decided he could demonstrate how with central planning he could piss away over $400 million by single source bidding a contract to develop a vaccine that isn’t needed. David Willman of the Los Angeles Times has the story:
Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work.
Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic
When Siga complained that contracting specialists at the Department of Health and Human Services were resisting the company’s financial demands, senior officials replaced the government’s lead negotiator for the deal, interviews and documents show.
When Siga was in danger of losing its grip on the contract a year ago, the officials blocked other firms from competing.
You really have to read the rest of this story. It shows the skills of Professor Obama at his best. Think about this. The US already has a huge stockpile of proven smallpox vaccine that, if the threat of terrorist using smallpox against us were real, we could make sure that all Americans were vaccinated at a cost of about $3.00 a pop. But no. Professor Obama wanted to demonstrate that with central planning you could produce an unproven vaccine that can’t be tested and would cost $255 a pop. Did I mention that the man is a genius.
There is one unusual common thread in all of Professor Obama’s projects. In every case the investment were awarded to companies where some rich donor who contributes to the Democrat Party involved. In this smallpox project the rich guy is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic Party donor. I wonder what that is all about? Well, I’m sure the good professor had his reasons.
So, like I said earlier, I think that after all his good works, Professor Obama deserves to be rewarded with early retirement, don’t you.
Well, that’s what I’m thinking. What are your thoughts?