Obama took a budding recovery in June 2009, and through massive borrowing, the federal takeover of health care, new expansions of food stamps and unemployment insurance, the curtailing of oil and gas leasing on public lands, new regulations, and non-stop demagoguery of the private sector slowed the economy to a crawl. His goal seems not to restore economic growth per se but to seek an equality of result, even if that means higher unemployment and less net wealth for the poor and middle classes. Obama hinted at that in 2008 when he said he would raise capital gains taxes even if it meant less revenue, given the need for “fairness.” Indeed, equality is best achieved by bringing the top down rather than the bottom up. Nowhere is the Obama model of massive borrowing, vast increases in the size of the state, more regulations, and class warfare successful — not in California or Illinois, not in Greece, Spain, or Italy, not anywhere.
To Be or Not to Be a Fat Cat?
Culturally, Obama might at least have played the Jimmy Carter populist and eschewed the elite world that had so mesmerized Bill Clinton. Instead, Obama proved a counterfeit populist and became enthralled with the high life of rich friends, celebrities, high-priced fundraisers, and family getaways to Martha’s Vineyard or Costa del Sol. He somehow has set records both in the number of meet-and-greet campaign fundraisers and the number of golf rounds played. As Obama damned the fat cats and corporate jet owners, he courted them in preparation to joining them post-officium. It simply is unsustainable for a Hawaii prep-schooled president to talk down to black audiences in a fake black patois in warning about “them,” only to put on his polo shirt, shades and golf garb to court “them” on the links.
The Great Divide
Race? We live in a world where either the president or the attorney general will too often weigh in, and clumsily and in polarizing fashion, on any high-profile white/black legal matter. By now we got the message that we are all cowards, are not nice to Mr. Holder’s “people,” are racists in wanting audits of his performance, and are the sort of enemies the president wants punished.