I’ve often said that, to be a progressive, one must give up any knowledge of real-world economics and of what makes a business work. As yet more proof, I offer the following excerpt from Jim Geraghty’s must-read Morning Jolt newsletter:
At least [the Obama administration] understand the situation and are on the case. Oh, wait, maybe not: “With three shuttered oil rigs preparing to leave the Gulf of Mexico for foreign waters, Gov. Bobby Jindal ratcheted up the rhetoric Thursday against the Obama administration’s moratorium on deepwater drilling, saying the White House still doesn’t understand the economic pain the forced stoppage is causing Louisiana workers. Jindal said he had a conference call with President Barack Obama’s senior adviser, Valerie Jarrett, and appealed to her to shorten the six-month moratorium, arguing that a half-year pause would force oil companies to move drilling operations overseas for years and that the federal government could easily impose new safety standards and monitoring in a shorter time frame. ‘She asked again why the rigs simply wouldn’t come back after six months,’ Jindal said. ‘What worries me is I fear they think these rigs can just flip a switch on and off.‘”
Not at all surprising from people who think the government can run whole industries and even the entire economy according to their whim. Ignorance is surely bliss.
I rest my case.