“We left corporate America, which is a lot of what we’re asking young people to do. Don’t go into corporate America.”

That reminded me of a story Louis Ruykeser put in one of his books, concerning Daniel Patrick Moynihan. Senator Pat was giving a speech at Yale. When he looked out at the faces of hundreds of America’s best and brightest (or so they are supposed to be) he asked all to raise their hands who planned to go into business after graduation. Only a tiny number of hands went up. Business did not seem to appeal to the best and brightest.

Pat smiled gently. “Oh, the rest of you just plan to be leeches?”

The Obamas are what economists call rent-seekers, they are tax eaters. It’s plain that neither of them has any clue about how a productive economy works.

A short recon of what�s out there that might draw your attention, updated throughout the day…so check back often.