Wednesday, December 07, 2011

Obama Channels Failed Roosevelt Reelection: "Smart people can grouse all they want about the supposed zealotry of the tea party or the conservative presidential field (and sometimes, they might be right), but Obama's mimicking Teddy Roosevelt's end-of-career hard left turn tells us a lot about the president's worldview. In his speech in Osawatomie, Kan., Obama dropped almost all pretenses and made the progressive case against an American free market system, which he called "a simple theory ... one that speaks to our rugged individualism and our healthy skepticism of too much government. ... And that theory fits well on a bumper sticker. But here's the problem: It doesn't work." Obama, after all, is such a towering economic mind that in Osawatomie, he once again blamed ATMs (and the Internets) for job losses. This is a man we can trust. "Less productivity! More jobs!" That's not to say capital isn't useful occasionally, of course. A few days ago, Obama hosted a $38,000-a-plate fundraiser for wealthy Manhattanites. The president -- with the Democratic National Committee -- has hauled in more cash from rent-seeking financial-sector companies than all Republican candidates combined. This president has supported every big-business bailout with taxpayers' money, even though he claims they shouldn't be on the 'hook for Wall Street's mistakes.'" http://ping.fm/tYCTm
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