I had a good laugh at this wonderfully tongue-in-cheek report!
Flash! Obama fails to win
Nobel prize in economics
LONDON, Oct. 12 (MarketWatch) -- In a decision as shocking as Friday's surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday.
While few observers think Obama has done anything for world peace in the nearly nine months he's been in office, the same clearly can't be said for economics.
The president has worked tirelessly since even before his inauguration to wrest control of the U.S. economy from failed free markets, and the evil CEOs who profit from them, and to turn it over to wise, fair and benevolent bureaucrats.
From his $787 billion stimulus package, to the cap-and-trade bill, to the seizures of General Motors and Chrysler, to the undead health-care "reform" act, Obama has dominated the U.S., and therefore the global, economy as few figures have in recent years.
Yet the Nobel panel chose instead to award the prize to two obscure academics -- Elinor Ostrom and Oliver Williamson -- one noted for her work on managing collective resources, and the other for his work on transaction costs.
Other surprise losers include celebrity non-economist and filmmaker Michael Moore; U.S. Treasury Secretary Timothy Geithner; and Larry Summers, head of the U.S. national economic council.
It is unclear whether the president will now refuse his peace prize in protest against the obvious slight to his real achievements this year.
But, of course, the overall effects (and design) of Obama's economic policies are no laughing matter. This is a man who is on record as saying that the United States Constitution does not provide for 'distributive justice' [socialist code for 'redistribution of wealth'], that the civil rights movement neglected this aspect and therefore failed to work for this, and that he is out to 'fundamentally transform America' - not by amending the Constitution, of course, but by passing laws and regulations that would effectively transform a capitalist society to a socialist one.
Equally clever as the WJS item:
[Modificato da TERESA BENEDETTA 12/10/2009 18:34]