I invite attention to a statement that is remarkable for so neatly packaging together condescension, arrogance and economic brainlessness -- the president's preferred operating mode (see: Obamacare and Solyndra) -- and no great compliment to his fellow Democrats, either.
Obama was speaking at Nashua Community College in New Hampshire. He must have thought he had a bunch of live ones in front of him -- the kind likely to give him 11 dimes in change for a one-dollar bill. The New York Times' account made no mention of any rapturous cheers that accompanied the president's tirade against practically the only manufacturing component of the U.S. economy that still pulls its weight.
The automobile industry he brags on himself for "saving" runs on the gasoline we wouldn't have at all save for the persistence and ingenuity of the same petroleum industry that, in his own mind, stands against "the American people."
Well, wait. He's got an answer for that one. It's that Americans need to embrace such industrial wonders as the battery-powered car: GM's (Don't forget how he rescued the company) Chevrolet Volt. In fact, Obama promised to buy a Volt when he leaves the White House. The trouble is, not many other people want to buy Volts. In February, GM sold 1,023 Volts, one reason, we might assume, is the price: $41,500, before a $7,500 government energy-efficiency rebate.
With this gaudy success story still on their lips, GM officials announced they were idling production of the Volt, giving 1,300 Michigan car workers an uncomfortable month-long vacation.
The Wall Street Journal quoted an auto research firm executive to the effect that "The price premium of the Volt just doesn't make economic sense for the average consumer when there are so many fuel-efficient gasoline-powered cars available, typically for thousands of dollars less."
The peasants! How dare they refuse the car their president promises to buy? Don't they -- can't they -- understand the evils of products brought to them through, more than indirectly, the perversity of the oil companies? The voters Obama seeks to ensnare are in plentiful degree a bunch of ingrates. Why can't they thank instead of resist him?