Marcus Aurelius
07-25-2013, 12:02 PM
Two takes on Obama's recent Knox College speech...
http://www.huffingtonpost.com/jared-bernstein/obama-economics-speech_b_3647664.html
Jared Bernstein: Fmr. Obama administration economist; CNBC and MSNBC contributor
I thought the president gave a resonant and powerful speech today, as he often does when he's covering this material on the road. The analysis flowed insightfully from diagnosis to prescription, with a correct and strong emphasis on how the economy and policy has changed over recent decades in ways that exacerbate the disconnect between middle-class prosperity and the economy's growth.
The policy agenda emphasized clean energy, infrastructure, manufacturing jobs, education (pre-K and community college), college affordability, affordable health care, help with refis, savings incentives for retirement, and help for vulnerable cities/neighborhoods. It notably did not dwell on debt, deficits, and austerity...
vs.
http://blogs.telegraph.co.uk/news/nilegardiner/100228011/barack-obama-flops-in-knox-the-presidents-speech-was-a-train-wreck/
Nile Gardiner: is a Washington-based foreign affairs analyst and political commentator. A former aide to Margaret Thatcher, Gardiner has served as a foreign policy adviser to two US presidential campaigns. He appears frequently on American and British television, including Fox News Channel, BBC, and Fox Business Network.
Today’s speech at Knox College, Illinois (http://blogs.wsj.com/washwire/2013/07/24/transcript-obamas-remarks-on-middle-class-prosperity/), was supposed to be the president’s come-back moment, the first of a series of addresses aimed at retaking the initiative by the White House. Instead it was a train-wreck. In an hour-long address, which seemed to last forever (and par for course started 15 minutes late), the president spoke in deeply partisan terms, often with bitterness and anger, lambasting his political opponents, dismissing criticism of his policies, and launching into his favourite theme of class warfare, attacking the wealthy and what he calls the “winner takes all economy.” In a display of extraordinary arrogance (even by his standards), he condemned what he called “an endless parade of distractions, political posturing and phony scandals,” a direct reference to the Congressional investigations into the IRS and Benghazi scandals, which most Americans don’t see as phony (http://www.quinnipiac.edu/institutes-and-centers/polling-institute/national/release-detail?ReleaseID=1899). He also defended his increasingly unpopular Obamacare proposals, attacking what he calls “a politically-motivated misinformation campaign,” while failing to acknowledge that moderate Democrats are “steadily turning against Obamacare” as The Washington Post reported today (http://www.washingtonpost.com/blogs/the-fix/wp/2013/07/23/moderate-democrats-are-quitting-on-obamacare/).
This was a highly defensive speech, with President Obama in full campaign mode. There were no fresh ideas, just a tired rehash of earlier campaign rhetoric. It was also another love letter to big government, with a clarion call for yet more federal spending on environmental measures, infrastructure, manufacturing, and a laundry list of liberal pet causes. There was not a word about reducing the burden of government regulation, and getting bureaucracy off the backs of entrepreneurs. His speech promised more government spending at a time when America’s national debt is approaching a staggering $17 trillion. He rejected tax cuts, and bashed the rich, at times sounding more like Francois Hollande than the leader of the free world.
Were they even at the same speech?
http://www.huffingtonpost.com/jared-bernstein/obama-economics-speech_b_3647664.html
Jared Bernstein: Fmr. Obama administration economist; CNBC and MSNBC contributor
I thought the president gave a resonant and powerful speech today, as he often does when he's covering this material on the road. The analysis flowed insightfully from diagnosis to prescription, with a correct and strong emphasis on how the economy and policy has changed over recent decades in ways that exacerbate the disconnect between middle-class prosperity and the economy's growth.
The policy agenda emphasized clean energy, infrastructure, manufacturing jobs, education (pre-K and community college), college affordability, affordable health care, help with refis, savings incentives for retirement, and help for vulnerable cities/neighborhoods. It notably did not dwell on debt, deficits, and austerity...
vs.
http://blogs.telegraph.co.uk/news/nilegardiner/100228011/barack-obama-flops-in-knox-the-presidents-speech-was-a-train-wreck/
Nile Gardiner: is a Washington-based foreign affairs analyst and political commentator. A former aide to Margaret Thatcher, Gardiner has served as a foreign policy adviser to two US presidential campaigns. He appears frequently on American and British television, including Fox News Channel, BBC, and Fox Business Network.
Today’s speech at Knox College, Illinois (http://blogs.wsj.com/washwire/2013/07/24/transcript-obamas-remarks-on-middle-class-prosperity/), was supposed to be the president’s come-back moment, the first of a series of addresses aimed at retaking the initiative by the White House. Instead it was a train-wreck. In an hour-long address, which seemed to last forever (and par for course started 15 minutes late), the president spoke in deeply partisan terms, often with bitterness and anger, lambasting his political opponents, dismissing criticism of his policies, and launching into his favourite theme of class warfare, attacking the wealthy and what he calls the “winner takes all economy.” In a display of extraordinary arrogance (even by his standards), he condemned what he called “an endless parade of distractions, political posturing and phony scandals,” a direct reference to the Congressional investigations into the IRS and Benghazi scandals, which most Americans don’t see as phony (http://www.quinnipiac.edu/institutes-and-centers/polling-institute/national/release-detail?ReleaseID=1899). He also defended his increasingly unpopular Obamacare proposals, attacking what he calls “a politically-motivated misinformation campaign,” while failing to acknowledge that moderate Democrats are “steadily turning against Obamacare” as The Washington Post reported today (http://www.washingtonpost.com/blogs/the-fix/wp/2013/07/23/moderate-democrats-are-quitting-on-obamacare/).
This was a highly defensive speech, with President Obama in full campaign mode. There were no fresh ideas, just a tired rehash of earlier campaign rhetoric. It was also another love letter to big government, with a clarion call for yet more federal spending on environmental measures, infrastructure, manufacturing, and a laundry list of liberal pet causes. There was not a word about reducing the burden of government regulation, and getting bureaucracy off the backs of entrepreneurs. His speech promised more government spending at a time when America’s national debt is approaching a staggering $17 trillion. He rejected tax cuts, and bashed the rich, at times sounding more like Francois Hollande than the leader of the free world.
Were they even at the same speech?