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I will offer this wisdom. The stupidity demonstrated by Obama on Economics amazes me.

First, utility companies pass on every single cost, tax, and fee onto the consumer....so they don’t go bankrupt unless they do it to themselves (look around for bankrupt energy supply companies, you just don’t find many of those).

Second, who gets the real shaft here? The consumer who gets the bill from the energy company. They used to pay $110 a month, so with the Obama “bankruptcy” tactic...they will pay $128 a month (my own best estimate). Who gets broke the fastest? The poorest folks. For Obama, you can guess why the poorest folks are upset about their rising electrical bill and wondering why it continues to go up.

Third. For all of the tire companies, bakeries, twinkie factories, and Wal-Marts who get the Obama-enhanced utility bills? They pass their costs onto their consumers. So as you see your twinkies rise four percent in cost and ask your twinkie salesman why....he’ll explain that power usage went up. You will accept this and just pay more for twinkies, without batting an eye.

Fourth and final, what are we saying here? Bankruptcy is a government tactic? Really? So if we are unhappy with McDonalds...we rig up beef sales in the same manner and make cattlemen go bankrupt....in support of a US government policy? If we are unhappy with boxing, we rig it up with a bankruptcy policy as well? Something in this logic of pushing people, cities, and businesses toward bankruptcy....sounds like a man with potatoes for brains. You can’t stand in front of any group of serious journalists and pretend that bankruptcy is a solid policy of fixing your problems. I might as well say that bankrupting Chicago would be a positive thing, and find some logic to prove my point.

If Obama wants to use this tactic...then fine...but we might as well all get involved and help bankrupt the New York Yankees, the City of New Orleans, Coke, NBC....just because we dislike all of them. It makes just as much sense.