One possible answer to the first question (“why the disconnect?”) is simply that Barack Obama is smarter than everybody else. What appear to the rest of us to be obvious shortfalls and injustices in his economic plans, are not as they appear. We are simply not intelligent enough to understand the greatness of Obamanomics.
This is an idea that the Obama Administration has actually sought to perpetuate. It frequently emerges in discussions about President Obama’s alleged “communication problem” over health care (as in “President Obama hasn’t communicated his healthcare plan clearly”). Yet underlying the concerns about communication is the assumption that Barack Obama’s mind operates on a higher level than everyone else’s, and consequently, we are simply not able to comprehend the greatness of his ideas.
This notion became painfully apparent during a February 19th speech at Harvard University from Obama Senior Adviser Valerie Jarrett. As she fielded questions from the audience, a man took to the microphone and suggested to Ms. Jarrett that many Americans are fearful and rejecting of the President’s ideas simply because they can’t comprehend them (might he have been a “plant?”).
Yet in previous decades, so the man reasoned, the great minds of Bill Gates and Steve Jobs were able to overcome people’s fears and apprehensions of personal computers by writing how-to manuals and brochures, and explaining their high-tech inventions in everyday language. And if President Obama were to write his own how-to manuals and pamphlets that explained his brilliant ideas in terms we could all grasp (think “Understanding Obama For Dummies”), then, the man surmised, we would be more supportive of the President’s agenda.
Ms. Jarrett thanked the man for his recommendation, and assured him that President Obama was searching for ways to communicate better. Yet she also reiterated the theme of superior intellect, explaining that “there is nobody more self- critical than President Obama – part of the burden of being so bright is that he sees his error immediately…”
Of course, those of us who are just so un-enlightened and antiquated in our thinking as to actually still believe in the founding principles of our country, and the virtues of free market economics, are also not content to watch our personal freedoms slip away while we are treated to eloquent speeches from our President and claims of brilliance from his adoring and worshipful inner-circle. We want and need economic growth, and the President is working against us.
Currently, Americans need banks to lend more. Yet if presidential power is used to deny banks the right to secure their own assets when borrowers abandon their obligations, then banks will inevitably want to lend less. And thus we see the beginnings of another Obama contradiction: the President’s effort to control economic outcomes will likely produce the outcome that nobody actually wants.
Why the “disconnect?” And how much longer can the Congress pretend?
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.