Donald Lambro

Only someone who has never run a business or spent time with people who have would propose such a silly, illogical idea. Even members of his party shook their heads in disbelief.

But the idea defined the core of Obamanomics: If you do what we tell you to do, no matter what your financial problems are, we will give you a tax cut.

All of this has led to the fourth year of Obama's remedial presidency when we are struggling with a weak economy, high unemployment, declining wages, severe gas prices and fewer job opportunities to get ahead.

The Gallup Poll this week reported that 32 percent of 18- to 29-year-olds in the American workforce said they were underemployed (in temp jobs or low-paying counter work) in April.

Unemployment among young adults rose to 13.6 percent in April, up from 12.5 percent in March, the same level that it was in April of 2011, Gallup said.

Other surveys say about half of all college grads cannot find full-time jobs commensurate with their skill and education levels.

But Obama isn't dealing with any of these economic problems, as his dismissive little Post-It Note makes abundantly clear. And, if you haven't noticed, he isn't talking about them, either.

And he has nothing to say about the monster debt and trillion-dollar budget deficits he has rung up on his watch, nor any mention about the looming insolvency of Social Security and Medicare.

Instead, he is running a campaign by talking about special-interest group issues, hoping to piece together enough voter blocs to squeeze into a second term, such as low interest rates on student loans to win back the youth vote that has soured on him. And more recently, same-sex marriages to appeal to the gay community and their supporters on this issue.

He's cherry-picking single-interest groups in the hope of skirting the bread-and-butter economic issues that his handlers know are losers for him politically.

But while he can run from his economic record, he cannot hide from it, because his Republican rival, Mitt Romney, is pounding him every day on the one issue that is going to decide this election.

Notably, the former governor has begun comparing Obama's failed record to Bill Clinton's pro-growth and pro-jobs agenda: expanding export markets with free trade agreements and cutting capital gains taxes to boost investment in emerging new technologies.

It's a lethal comparison. The unemployment rate under Clinton fell to 4 percent versus the official 8.1 percent rate under Obama.

Obama's failed economic agenda comes right out of the ancient New Deal era of public works spending that didn't work then and isn't working now. "His are the policies of the past," Romney said in Lansing, Mich., this week.

"Looking backward won't solve the problems of today, nor will it take advantage of the opportunities of tomorrow," he said.

The past versus the future: That's what this election is going to be all about.

Donald Lambro

Donald Lambro is chief political correspondent for The Washington Times.