The Smallest Minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities. - Ayn Rand
Here's my vote for understatement of the year:
"The recovery of our financial system remains incomplete..."
- Tim Geithner
Most people fail to understand economics and politicians are willfully ignorant. They are specifically putting self before country.
Economics is rarely taught these days in middle or high school or much less paid attention to even if taught. I was fortunate that I was exposed to it a lot and actually liked it.
If the politicians actually understood economics, they couldn't claim ignorance when the wheels come off.
It's a survival tactic.
If they were smart enough to grasp economics, they could get real jobs instead of going into politics.
The business schools (alas!) turn out plenty of people who are equally blissfully ignorant of economics. Ask me how I know.