Economist All But Calls Obama Economic Illiterate

Economist Michael Boskin says Obama should read Adam Smith's Wealth of Nations, which is assigned in nearly every introductory economics course in the land and possibly the world.  Which is to say that Boskin is saying Obama is in need of introductory instruction in economics.  In the article Boskin doesn't pull many punches either.

Perhaps we should not have expected more from the eloquent apostle of hope and change. Mr. Obama had little experience in or respect for the "for profit" part of the economy. Of his one brief sojourn in the business world, he says in his autobiography he felt "like a spy behind enemy lines."

He now says that Mr. Romney's business career—which former President Clinton describes as "sterling"—is not a qualification to be president. How would he know? Before becoming president, he had no executive experience of any kind—private or public.

Mr. Obama's most recent statements reveal a strange disconnect from basic economic reality. In a press conference on June 8 he said, "The private sector is doing fine," adding that we needed more federal spending subsidizing state and local government jobs, where he claims the jobs problem is centered. But according to the Bureau of Labor Statistics, there are 11 unemployed private-sector workers for every unemployed government worker.

Ouch.  Boskin is basically saying Obama is an economics illiterate.  Frankly, I think the charge is justified.