Obama and His Populism

What happens when someone with no experience, who hasn't done anything or accomplished anything that builds character, wisdom, and knowledge, gains a position of immense power? He plays with words, manipulates emotions, attacks and blames. Eventually no one trusts him.

Columnist Bob Herbert, Suporter of Obama:

"Mr. Obama may be personally very appealing, but he has positioned himself all over the political map: the anti-Iraq war candidate who escalated the war in Afghanistan; the opponent of health insurance mandates who made a mandate to buy insurance the centerpiece of his plan; the president who stocked his administration with Wall Street insiders and went to the mat for the banks and big corporations, but who is now trying to present himself as a born-again populist.

Mr. Obama is in danger of being perceived as someone whose rhetoric, however skillful, cannot always be trusted. He is creating a credibility gap for himself, and if it widens much more he won’t be able to close it.

Mr. Obama promised during the campaign that he would be a different kind of president, one who would preside over a more open, more high-minded administration that would be far more in touch with the economic needs of ordinary working Americans. But no sooner was he elected than he put together an economic team that would protect, above all, the interests of Wall Street, the pharmaceutical industry, the health insurance companies, and so on."

Full article here.

Obama's latest response to our fiscal woes is to attack banks.

The result is that over 70% of Americans think he's anti-business, and 77% of businessmen thinks he's anti-business. Does Obama really think that after bailing out financial institutions, he can turn on them with targeted tax penalties and regulations? Will businessmen and entrepreneurs trust him and increase business and hire new people? Will they if they believe that for their efforts Obama will go after them and take their profits? Note to Obama and Statists; profits are needed to grow business and hire people. No one gets jobs, belay that, only government types get jobs, with this policy. What does government produce that generates wealth?

The "spending freeze" is a red herring. At best it'll begin in fiscal year 2011, and it won't have to be put into effect until 2012 or 2013 or 2014. What we're looking at too is $120 Billion in savings over 10 years, measured against a $12 Trillion debt. Peeing in the ocean will have as much an effect. The projected debt by the end of Obama's first term will be $14-$16 Trillion.

What little Obama understands about capitalism he hates. He has about a third of the country behind him on that. Posturing as a populist with empty words, attacking banks, insurance companies, corporations and small business just doesn't work. Americans, if nothing else, are practical. Obama is not.