John Ransom

Being president was always easy for Barack Obama.

That is, it was easy up until the time he actually was elected president. Then things got a little tougher.

In part, Obama’s troubles stem from the rigidity of his broken ideas. They admit of no compromise. Consequently, he has subsumed his whole personality into an unworkable ideology that was dead outside of academia- and news rooms- until he resurrected it.

It’s the idea that a benign government of technocrats and academics can engineer near perfect justice at the trivial cost of liberty to most. 

His life and presidency can only be understood by recognizing this Obama idée fixe goes beyond merely his ideology and merges into that of his personality. Because only when one realizes that he personally identifies with his ideology in the same way that he identifies himself as a father or husband, can one finally understand how tightly he clings to it.

It’s an ideology that he clings to, like some do guns and religion, despite a century of abject failure when implemented- as his own disastrous record as president shows on a fairly small scale.

Unlike guns and religion, however, which both have long records of reliability, his ideology depends upon the unreliable magic trick of redefining of words to mean the opposite of what any plain speaking person in the USA would understand them to mean.

For example, if you redefine liberty to mean that most everyone outside of the ruling elite has the same amount of “things,” then Obama’s materialist ideology ensures “some liberty for most.” Therefore, it is only when you have a static majority, a majority that can neither rise nor fall, that “good, kind-hearted, fat, benevolent people,” as Twain describes them, can assure honest poverty for the rest of us.    

In that case, why wouldn’t good, kind-hearted, fat Warren Buffett pay a tax to ensure he and his fellows maintain an ascendancy that can’t be compromised by the majority? Why wouldn’t donor good, kind-hearted, fat George Kaiser go knocking on the door of the White House for a subsidized loan for his failing private venture?  The first rule of capital is to preserve it in the same way that politicians first preserve power.

And thus, in Obama’s world, everyone is happy.                  

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable