December 30, 2011
In a recent blog, investment strategist Ed Yardeni (yardeni.com) referred to Gallup Poll results finding that a landslide of the U.S. public (64%) regards big government as the country's biggest threat, not big business (26%) or big labor (8%).
The results of the poll are all the more dramatic considering that today 48% of Democrats are worried about the harmful consequences of big government, a number that was 32% just two years ago.
Having presented Gallup's findings, Yardeni turned to the speech President Obama gave December 6th in Osawatomie, Kansas, and found its purpose as "channeling" Teddy Roosevelt (TR), who gave his "New Nationalism" speech in the same town.
With the poll numbers in mind, Yardeni concluded that the TR smokescreen notwithstanding, Obama's "version of the New Nationalism isn’t resonating with the voters."
Now, given Gallup's report, Dr. Yardeni's conclusion is as unassailable as his advice about big government is wise when he quotes from the 1986 horror film The Fly to warn, "Be afraid, be very afraid."
But to his conclusion and his warning as they relate to Obama's perverting Thoreau to say, "That government is best that governs most," I would add that in its totality, the Osawatomie speech represents a hugely important gift to the American people for the following reasons.
First, together with Obama's record, which includes his big, corrupt, government-as-usual stimulus bill and his '60s-welfare-style, no real reform healthcare law, the speech reminds the public of the enormous disconnect between same old worn out politics President Obama and the illusion of "post everything" candidate Obama of limitless hope and change.
More importantly, it shines a powerful light on the real ideological Obama, revealing not a populist who loves common folks but rather a quintessential anti-Jeffersonian.
Indeed, it shines a very powerful light on the Obama who with vicious simplicity mocks the middle American majority as "bitter" yahoos who "cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."
The Obama who despises real power wielded by citizens in states and localities in favor of rule by liberal elites who issue their edicts from the level of government most remote from and most fortified against the Constitution's "We the People."
Yes, the speech shows Obama for the big government liberal he is at heart, even as Main Street Americans have plain had it with being told the best of all possible governmental worlds has them playing the role of sheep to their elitist shepherd betters.
To be precise, the American people are damn sick and tired of being told to subjugate themselves to the alleged deep learning and far sighted wisdom of people such as those who freed banks to become subsidized casinos and encouraged mortgage markets to become venues for social experimentation, a corrupt, bi-partisan mob that includes the likes of Bill Clinton, Alan Greenspan, George Bush, Barney Frank, Chris Dodd, Ben Bernanke, Timothy Geithner, and (how could I neglect him and his superbly elitist credentials?) Jon Corzine, one-time CEO of Goldman Sachs, U.S. Senator, New Jersey governor, and, until recently, honcho of MF Global.
Second, in its vagueness and childishly silly contradictions, the speech informs every open-minded citizen that despite the nation's crying out for real solutions to real problems, Obama intends to run his re-election campaign with the same shameless vacuity he exhibited in '08.
This arrogance despite the reality that the public is in no mood to suffer the kind of insulting generalities Demagogue Obama dumped on the people of Osawatomie.
In no mood to hear old, rotten, insufferably reeking political garbage whereby a president pompously pronounces that "We should be known for creating and selling products all around the world that are stamped with the proud words: Made in America" without admitting he has done absolutely nothing to reform the nation's trade policies.
In no mood to hear a president running for re-election complain that "We should be a country where everyone has a chance to go to college [without incurring] $100,000 of debt" and yet fail to be honest about the perniciously ironic truth that for decades big government involvement has caused college costs to significantly outpace inflation even as it has promoted the lie that every student is better off going to college.
Yes, as the Gallup poll shows, the county is in no mood to hear that the way to fix its problems is to further fatten the repulsively obese, wasteful sow that is Washington.
That's why the speech in Osawatomie in which Barack Obama reveals himself as in love with her every insatiable whim ("Let's hire 15,000 additional IRS agents to enforce Obamacare!") was the best present he could give the nation as it closes out yet another agonizing year.
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