The Leno audience gave a good laugh when he joked that Obama just ‘doesn’t understand economics.’ He also commented that Tiger Woods thinks Obama isn’t bad for a guy who plays 5 days a week.
The sad thing is that he doesn’t really understand economics. He also does not understand how his lack of knowledge on the subject is causing more harm than good. If he knew a little, he would be able to at least pick better people to help with ‘fixing the economy.’
The harm the federal government is doing by continuing to pump the economy full of money is driving costs sky high. When you drive the value of the dollar down, prices go up. Look at gas prices! They have been on the rise for over 30 days now. Oil, which is the source of gas, is traded around the world with the dollar. When the value of the dollar is crap, they want more to cover the cost of production.
So . . . Yes, Obama doesn’t understand economics! And that’s no joke.
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