Learning on the job
President Obama has a long way to go. Glenn Reynolds points out how, along with not appreciating how financial capital contributes to the economy, Mr. Obama seems not to appreciate how moral capital works in our country either:
Mr. Obama's "joke" might be grounds for firing if he were an IRS employee.
Yeah, that's not funny, unless you can't remember or never learned about Nixon's enemies list, or you feel you're granted some kind of special immunity because you're you and everything you want to do is just that much better than everybody else.
Galloping hubris! Or ignorance. Some choice.
UPDATE: Bookworm spots it as galloping hubris.