Rewarding Incompetence

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    Barney Frank is against rewarding incompetence.   I agree with him on this point.  But Barney was on the banking committee that created many of the incentives to loan to unqualified borrowers which helped to lead to this financial meltdown.

Bush was often assailed as being an idiot and incompetent.  But Iraq is doing pretty well. 

The United States is struggling.  My worry is that Obama fails the competency test. Does he really have any idea what he is doing?   His plans for reviving the economy do not seem to have any consistent strategy to me. Instead, he simply borrowed a trillion more dollars and redistributed to various Democrat pet projects.   So either he does not really understand economics very well, or he really doesn't want to revive the economy.  Either option is disturbing. 

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