Obama and the underpants gnomes

In Gnome-speak, then, Mr. Obama’s energy policy goes something like this: Phase One: Inaugurate the era of “green” energy. Phase Two: Overturn the first and second laws of thermodynamics. Phase Three: Carbon neutrality!

Take any number of Mr. Obama’s other initiatives. Rescue Detroit? Phase One: Set a national mileage standard for passenger cars of 39 miles per gallon and force auto makers to make the kind of cars that drove them to bankruptcy in the first place.

Reduce the deficit? Phase One: Approve $3.5 trillion in government stimulus, and then await the mythical Keynesian multiplier.