Mar 22 2009
OK, we can now determine scientifically and without any doubt the President Obama is naive and in way over his head.
Many people have been trying to understand how this administration could pretend everything is going well after the serious of blunders we have seen in less than 100 days in office. From the tax evading nominees, to the fiasco that is the treasury department, to the screwed up Spendulus bill trying to masquerade as a stimulus bill, to the closing of GITMO with no idea what to do with the prisoners, to the lame out reach to Iran, to the aborted plan to charge military personnel to heal their war wounds to …. You get the idea.
We have all been witness to the avalanche of blunders. But today we see the blunder of all blunders, as Team Obama tries to take on all of the most wealthy and powerful people in America:
The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officialsÂ said.
The outlines of the plan are expected to be unveiled this week in preparation for President Barack Obama’s first foreign summit meeting in earlyÂ April.
Increasing oversight of executive pay has been under consideration for some time, but the decision was made in recent days as public fury over bonuses has spilled into the regulatoryÂ effort.
Another knee-jerk, stupid reaction from a team of amateurs. First off, Obama considers anyone whose household income is greater than $250,000 a year rich. That is a lot of upper middle income families. But even if he limited himself to the top 1% of individuals (note he is not going after companies here) then he has picked a fight with the people who fund elections across this country. And they will not stand still for this idea. They are mobilizing as we speak, applying pressure to democrats everywhere.
I am not going to sit back and pretend I have the knowledge, insight or moral superiority to conclude these people are evil and need to be reigned in. I leave that egotistical exercise to inferior minds with massive insecurity complexes. We have a country and an economy built on the premise that if you work hard (and get lucky with the timing) you can become very wealthy. Many people achieve huge success legally and morally. And these people actually have a right to band together and challenge Obama on this matter.Â
Team Obama’s juvenile effort to attack the rich is actually their answer to all the bad press about their previous Â blunders, especially the AIG bonus cover up. As I noted yesterday Obama and the Dems are desperate right now for the nation not to discover who is really at fault for the financial collapse, since they will be the ones dealing with the angry mob. But this is a really, really lame attempt to besmirch the best corporate leaders in the country just to try and divert attention. It is clumsy and transparent to many. Everyone who runs a company is now targeted by a failing group of people in DC who are doing nothing more than lashing out. Team Obama is cornered by their own ineptitude and trying to thrash their way out of the mess they put themselves in.
Like his deficit plans, Obama’s grand plans are unsustainable. He has no idea how this game is played.He assumes all he has to do is utter some brilliance and the court of DC will run to make it so. Â He is going to go down in history as the example as to why we should never pick a complete novice for the job of President.
Update: Yeah, its bad. Maxine Waters has come to challenge Obama on the AIG bonuses, Paul Krugman (liberal at the NY Times) has panned all the Obama’s economic plans, and now liberal Frank Rich has come out to note Obama is flubbing his “Katrina Moment“:
A CHARMING visit with Jay Leno wonâ€™t fix it. A 90 percent tax on bankersâ€™ bonuses wonâ€™t fix it. Firing Timothy Geithner wonâ€™t fix it. Unless and until Barack Obama addresses the full depth of Americansâ€™ anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., inÂ a letter to the editorpublished by The Times last week: â€œPresident Obama may not realize it yet, but his Katrina moment has arrived.â€
Except now it is a nation, not one city, in trouble. No wonder Team Obama is in full panic mode pointing fingers.
Update: Wow, Barack has even lost Maureen Dowd:
But there was Michelle on Friday, the first day of spring, with a bunch of fifth graders, digging a veggie garden on the South Lawn.
The tableau of Michelle Obama hoisting a pitchfork on Friday with her sinewy arms and warning that the commander in chief would be commandeered into yard work left me wondering if the wrong Obama is in the Oval.
Ouch – that’s going to leave a mark.
Update: What he said (Scott @ Powerline):
I feel utterly powerless to do anything about the fellow in the Oval Office who combines infantile leftism and adolescent grandiosity in roughly equal measures. It seems to me that every day he is responsible for assaults on the freedom and well being of the American people. I can’t keep up and I can’t stand to pay attention.
It does have a sort of morbid fascination to it.