Obama Attacks Free Market Economics, Invokes Teddy Roosevelt In Class Warfare Speech

Posted on December 8, 2011 by

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Knowing the difference between Kansas and Texas is only one of MANY differences between Obama and the latest president whose image he’s trying to evoke.

To date, Obama has tried to ride the coat tails of FDR:

Abraham Lincoln:

and Ronald Reagan:

Now he’s trying to channel Teddy Roosevelt as he slams the free enterprise system and claims that it simply “doesn’t work” (because to Leftists, “working” = creating equal economic outcomes regardless of skill, innovation or work ethic).

Anne E. Kornblut reports at the Washington Post:

President Obama, in one of his most expansive speeches to date, declared on Tuesday that supply-side economics is a failure and called “gaping inequality” across the country a moral shortcoming that is distorting American democracy.

Obama’s speech in Kansas was not just another attack on Congress, or a plea to pass his jobs bill. He did not roll out a new, snappy slogan – such as telling the audience that “we can’t wait” to enact new laws.

Instead, Obama delivered a searing indictment of Republican economic theory, setting the stage for the coming presidential campaign. Summoning the image of a populist Theodore Roosevelt — in the same town (Osawatomie) where Roosevelt delivered a famous speech on economic fairness in 1910 — Obama deployed the language of right and wrong, fairness and unfairness, in a lengthy address that aides said he largely wrote himself.

The theory of “trickle down economics,” which holds that greater wealth at the top generates jobs and income for the masses below, drew some of Obama’s harshest criticism.

“It’s a simple theory — one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work,” Obama said of supply-side economics, drawing extended applause. “It’s never worked.”

Try telling that to the millions of Americans who benefited from Reagan’s economic policies for over a decade.

He repeatedly conjured the image of a country that is becoming more divided by inequality.

Actually, Mr. President, it’s being “divided” by politicians like you who benefit by deliberately stoking envy and class class warfare, pitting one group of Americans against another in order to garner votes.

He linked the Tea Party to the Occupy Wall Street protesters, saying it is little wonder that the “breathtaking greed of a few” who caused the financial crisis has generated a “raging debate over the best way to restore growth and prosperity, balance and fairness.”

Earth to Obama: Tea Partiers are fighting for LESS government, not more.  They blame Big Government, not “rich people”.  They also respect private property, obey the laws and don’t clash with law enforcement.  As a bonus, they are also potty trained!

“This isn’t just another political debate. This is the defining issue of our time,” he said. “This is a make or break moment for the middle class, and all those who are fighting to get into the middle class.

“At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.”

No, Mr. Obama.  What’s at stake is whether people will be FREE do such things through their own hard work and merits, or by dependence on an ever stronger, more hovering Nanny State.

Although the unemployment rate has been a constant shadow hanging over Obama’s presidency, the mechanics of job growth had only a small part in the speech, which dwelled as much on the need for infrastructure investments, better education and a tax code that Obama said “must reflect our values.”

And after many weeks of rolling out bite-sized initiatives, Obama’s grander ambitions were on full display.

Read more at the Washington Post, if you have the stomach

Someone remind me where Teddy Roosevelt condemned the system of individual liberty that allowed him to rise from obscurity to leader of the greatest nation on earth?

Cross posted at ThoughtsFromAConservativeMom.com

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Posted in: National