No, the biggest problem is that Obama thinks he and, perhaps, a very small cadre of like-minded elites (an astonishing number of them either law professors or political hacks) are smart enough to know everything important. But as Ronald Reagan said: "[T]he trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." And a lot of what Obama and the lefties think they've got all figured out, and hence that they can competently manipulate at will, is actually stuff that no one is yet even capable of knowing.
So when, for example, Obama thinks he knows better than the free market how to allocate or price scarce resources, he's deluding himself and anyone who believes him. When Obama thinks he's going to use his intellect and his wit and his charisma to persuade China or Russia or Iran into doing something which their autocratic leaders don't think in their own best interests, he might as well have fallen off the turnip truck at dawn this morning.
Thus we have the free market bringing us increasingly fuel efficient cars, including hybrids and electric cars from Toyota and Nissan and Honda and even Ford that look quite promising — while Barack Obama and Government Motors are bringing us the Chevy DoltVolt at half again (or more) the price but only half the performance. (Reliable sources inform me that the next big General Motors idea will be the introduction of two new product lines, the Lada and its upscale cousin, the Zil.)
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