Don Boudreaux (picking on all politicians, but using Obama as an example):
And what of Pres. Obama? Even if he wins a second term in the White House, he’ll be only 55 years old when he leaves office. Will he found and run a health-insurance company? How about a ‘green’ energy firm? Or will he, perhaps, found and run a firm specializing in offering middle- and low-income Americans better and more fully disclosed access to consumer credit? Will he create a successful automobile firm?
I’ll bet (seriously) a good deal of money that he’ll do none of these things. He’ll not even try. And for good reason: not only does he know nothing about these matters, he knows nothing about finding investors willing to stake their own funds, or about finding skilled workers and managers willing to cooperate together in such upstart enterprises, so that such enterprises become realities with real prospects for success.
He knows no more about the economic matters upon which he pronounces than does a soap-opera actor portraying a physician know about cardiology or obstetrics. [emphasis added]
Why do people listen to these bozos? I’ll tell you why: because we voted to give them the “national car keys”.