“Hey everybody, the Republicans say I’m engaging in class warfare! Ha ha, silly Republicans. BTW you guys, I’m a warrior for the middle class!”
So went President Obama’s recent speech in Cincinnati. See the video here, at RealClearPolitics. Let’s put aside the internal incoherence of Obama’s argument. Let’s put aside the shameless and painfully obvious pandering that’s going on here. Let’s look at the record instead.
Regular readers of this blog know that we’ve been — shall we say — skeptical about President Øbama‘s much-ballyhooed jobs speech since Obama was still living la dolce vida in Martha’s Vineyard. Turns out, we’re hardly alone. First, there was the reaction of the global markets, which basically sucked. Now, there’s the polling data — which ain’t so hot either.
As we await with puzzled amusement President Øbama’s post-Martha’s-Vineyard “Jobs Speech” — aimed at the unfortunate rabble who can’t afford such extravagances — Fester thought it might be useful to ponder the White House’s previous promises, predictions, and preposterous puffery. Luckily, Reuters recently made this task very easy in its FACTBOX feature.
"This job is HARD!"
Fester’s attempt to summarize the Reuters article comes after the jump.
Answer this question as quickly as you can — don’t think about it: If Fester raises the price of his lemonade, will you buy more of it, or less? Yeah, that’s what I thought.
Incredibly, Professor Alan Krueger thinks just the opposite, at least when it comes to hiring labor. Professor who, you ask? You know, President Øbama’s proposed chairman of the Council of Economic Advisors — the administration’s chief economist. Yeah, that guy! But here’s the problem, see. As Spengler points out, Krueger hasn’t the foggiest idea how jobs are actually created:
Anyways … Fester was puzzled (and a little sad) when President Obama tossed Carney’s semi-official pronouncement aside and promised yet anotherspeech about how the White House was going to unfurl yet anotherplan to … create jobs.