Lessons from the Economic Wreck-covery | FrontPage Magazine

On Friday, more “unexpected” news came out regarding the economy. Or perhaps a more accurate description would be unexpected for those who have hitched their economic wagons to the Obama administration’s Keynesian economic star. For Americans astute enough to see the tremendous wishful thinking behind the claims of “green shoots” of recovery, “Recovery Summer,” or the president’s April pronouncement that we are “turning a corner,” the so-called economic recovery has been little more than a media-abetted myth. Are there lessons to be learned? Two come immediately to mind. One, free-market capitalism can only be distorted for so long. Two, human nature is fundamentally misunderstood by progressive ideologues."