Monday, April 30, 2012

Obama’s deficit attention disorder

President Barack Obama seems to be governing in some parallel universe — where the United States exists without mortal dangers threatening its economy and the nation’s most pressing exigency is the reelection of its president.
But when Obama swore to defend the Constitution, and therefore the nation, he did it in the dimension where the rest of us exist, where the economy appears to be headed toward its annual spring stall and an endless series of massive budget deficits threatens to unleash a financial crisis at any time.
While big issues simmer untended, our leader is focused like a laser beam on trivia that benefit him politically but do the country little or no good.
Obama devoted a full week this month to smacking the rich around with the “Buffett rule” — which his own advisers acknowledged was more a crusade for “fairness” than a way to fill the budget gap. This is approximately like complaining to a bank robber that he is cutting in line.
The president then launched a crusade to hire a new crew of federal enforcers to nab crafty oil speculators who might be driving up the price of gasoline — assuming these speculators exist.
This ploy was a model of PR efficiency. It not only portrayed Obama as riding to the rescue of motorists besieged by $4 a gallon gas, it showed him ready to slay a few more Wall Street types he’s set up as the boogeymen of his administration.

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