wrong-headed policy

The powerful American Association of Retired Persons has blasted the plan as both wrong-headed policy and bad for consumers.

They happened as a result of wrong-headed policy, in particular the idea that governments could pick winners, and that governments should control the economy and make things happen through reallocating resources.

To deride the party's 'mass conversion' from its former belief, as Mrs Thatcher did yesterday, raises a cheer from committed Conservatives, but floating voters may reckon that it is intelligent to abandon wrong-headed policies.

"It is simply wrong-headed policy," said Lawrence J. White, a professor of economics at New York University's Stern School of Business, who maintained the Federal and state banking regulations "require or aggressively nudge banks into subsidizing parts of the community."