Pants on Fire

by Pejman Yousefzadeh on December 7, 2011

Three Pinocchios for the president’s class warfare speech. That’s quite an achievement, though not one to be proud of.

And then, there is the hypocrisy:

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.”

Rich people are bad, until they donate to the Obama re-election campaign. But hey, let’s give the president some points for honesty:

But it is refreshing to hear Obama come out and give us a clear picture of this country in all its ugly class-conscious, unjust, menacing glory rather than veil his arguments with any of that soothing rhetoric that got him elected last time. It’s time, my friends, for a new square deal.

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