Msr. Bastiat smiles again

Our lawyer leaders believe they can simply write runes on the magic government hard drives and get what they want.  Once again the evidence is that they have absolutely no idea what they are doing.  The more complex our economy and society gets the more ham handed and destructive these Ivy League clerics become.  Two classic examples from Dan Henninger in the WSJ:

Barack Obama's worst week was about more than bad data. The two great legislative monuments to the first Obama term, the remaking of the health-care industry and the Dodd-Frank financial reform, look like they've got serious structural cracks. A McKinsey report estimates that a third of employers will abandon their health-insurance plans come 2014. On Tuesday, The Wall Street Journal reported that the failure (or inability) of Dodd-Frank's regulatory arm to write new rules for the $583 trillion derivatives market has the financial sector in a panic over its legal exposure.

Can you say capital strike?  I knew  you could!