Yesterday, Charles Krauthammer wrote a scathing piece reflecting on Obama’s recent channeling of Theodore Roosevelt. The President is in full campaign mode and kicked it off with a speech in Osawatomie, Kansas. Krauthammer opens with this:
In the first month of his presidency, Barack Obama averred that if in three years he hadn’t alleviated the nation’s economic pain, he’d be a “one-term proposition.”
When three-quarters of Americans think the country is on the “wrong track” and even Bill Clinton calls the economy “lousy,” how then to run for a second term? Traveling Tuesday to Osawatomie, Kan., site of a famous 1910 Teddy Roosevelt speech, Obama laid out the case.
It seems that he and his policies have nothing to do with the current state of things. Sure, presidents are ordinarily held accountable for economic growth, unemployment, national indebtedness (see Obama, above). But not this time. Responsibility, you see, lies with the rich.
Or, as the philosophers of Zuccotti Park call them, the 1 percent. For Obama, these rich are the ones holding back the 99 percent. The “breathtaking greed of a few” is crushing the middle class. If only the rich paid their “fair share,” the middle class would have a chance…
As is his solution, that old perennial: selective abolition of the Bush tax cuts. As if all that ails us, all that keeps the economy from humming and the middle class from advancing, is a 4.6-point hike in marginal tax rates for the rich.
Yep. I’ve been pointing this out for a while. The increase in the tax rate will help alleviate some of the government debt problems, but it will do nothing to actually create a self sustained recovery or restore the ground lost over three decades by the middle class. I can hear the response from the Begaulans of the world that Bill Clinton raised taxes and the economy grew. Yes. But to this day no one has ever been able to point to the reason why those high taxes CAUSED such a boom in the economy. If all it took were high taxes to create a robust economic cycle, then the 70′s would have been a golden era of economic prosperity. Due to the severity of the debt crisis, I do not oppose a tax hike of the magnitude proposed. I see no way to make a serious dent in the massive debt without it. But that Clintonian tax hike will not and can not create the economic recovery everyone want desperately to happen.
In Kansas, Obama lamented that millions “are now forced to take their children to food banks.” You have to admire the audacity. That’s the kind of damning observation the opposition brings up when you’ve been in office three years. Yet Obama summoned it to make the case for his reelection!
Why? Because, you see, he bears no responsibility for the current economic distress. It’s the rich. And, like Horatius at the bridge, Obama stands with the American masses against the soulless plutocrats.
This is populism so crude that it channels not Teddy Roosevelt so much as Hugo Chavez. But with high unemployment, economic stagnation and unprecedented deficits, what else can Obama say?
A real solution to the multitude of problems at hand would have been nice.
I was listening to the speech while I was driving to my next job. I liked the speech, for what it was. It was nicely worded. The middle class IS shrinking and there is no denying it. But, at every turn — in the speech, not the road — I kept asking to the radio “OK. So what is your solution to fix the problem of the diminishing middle class?”.
The radio didn’t answer back. Neither did Obama.
[President Obama] can’t run on stewardship. He can’t run on policy. His signature initiatives — the stimulus, Obamacare and the failed cap-and-trade — will go unmentioned in his campaign ads. Indeed, they will be the stuff of Republican ads.
What’s left? Class resentment. Got a better idea?
Yes… I do….
Get the whole “Hope And Change” gang back together again for a nostalgic look back at 2008 and 2009, the best years of their lives!!!!!
3 Comments to ““Got A Better Idea?””
GayPatriot » What does Obama have planned for his second term? — December 10, 2011 @ 9:25 pm