The White House has taken heat for assigning czars to oversee many major issues. These official czars have proven to be largely ineffective. However the most effective czar in the White House does not officially exist. The job of this Hoodwink Czar involves invention of numbers and theories to tout imaginary success of policy, and offering platitudes to downplay failure. He's a magician who gets people to concentrate on his silver tongue so they don't pay attention to his hands. The czar's stage name is President Barack 'Hoodwink' Obama.
His greatest acts of 2009 include:
Act I - Obamanomics is the real Freakonomics:
General understanding among economists is that redistributing tax revenue and destroying assets does not spur lasting growth. The czar showed his disdain for such nonsense through the Cash for Clunkers program. The idea was to help consumers exchange their old cars for new by setting arbitrary mileage rules and offering free money. To further aid growth, the perfectly working 'clunkers', i.e. assets, were destroyed, instead of reselling (to South American countries for example). Thus by simply advancing the transactions of consumers who would have bought a car anyway, Mr. Obama claims to have helped the economy and the auto industry.
Analysis of the program suggests that this scheme cost taxpayers over $20,000 per car sold and has raised used car prices. This means consumers who couldn’t afford new cars, now can't even afford used cars. Of course the czar has dismissed such reports and added Edmunds to his enemies list.
Act II - Economics can be injurious to health:
Economics dictates that if you increase demand and keep supply constant, the price should go up. Mr. Obama has decided to challenge the silly laws of supply and demand. He will raise demand for health care by bringing in millions of uninsured people into the system. Since this will not increase the supply of doctors, nurses, or hospitals, it should lead to higher prices and/or lower quality.
Obamanomics however, has a way (which only the czar knows) to reduce costs, increase quality, raise demand and keep supply constant. The plan is to reduce overall costs by taxing businesses and mandating people to buy a private good.
Constitutional implications aside, there are no details available to compare the inflow of revenue from the mandate and the cost of insuring millions. These details might make an appearance when the president comes on TV to force a jobless college graduate in Lexington to buy insurance so a former gang member in Chicago can get his knee replaced. My advice on further reducing costs: merge clinics and the DMV together.