There is no chance of Obama learning from his mistakes because from his malevolent point of view, they are not mistakes, no matter how much damage they inflict on the American economy. The obscene auto bailout is a case in point. From the Heritage Foundation:
The U.S. government will lose about $23 billion on the 2008-2009 bailout of General Motors and Chrysler. President Obama emphatically defends his decision to subsidize the automakers, arguing it was necessary to prevent massive job losses. But, even accepting this premise, the government could have executed the bailout with no net cost to taxpayers. It could have — had the Administration required the United Auto Workers (UAW) to accept standard bankruptcy concessions instead of granting the union preferential treatment. The extra UAW subsidies cost $26.5 billion — more than the entire foreign aid budget in 2011. The Administration did not need to lose money to keep GM and Chrysler operating. The Detroit auto bailout was, in fact, a UAW bailout.
A disaster, right? But not if your objectives are to funnel taxpayer money into the pockets of union cronies and to move America closer to socialism. Consequently, Obama barks:
“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”
Imagine an entire economy run by fascistic micromanaging bureaucrats for the benefit of greedy union thugs and kept afloat with government subsidies largely financed by borrowing. That’s the broken, dysfunctional future we are shuffling “forward” to.