Larry Elder

This brings us to Obama's top economic adviser, Lawrence Summers. Summers, in 2008, earned $5.2 million in compensation from hedge fund D.E. Shaw and more than $2.7 million in speaking fees -- a lot of that from financial institutions now receiving bailout money. Obama blames the financial meltdown on greed and the lack of regulations. But Summers, while secretary of Treasury under Clinton, publicly defended unregulated, free market derivatives.

Didn't presidential adviser David Axelrod, following former Vice President Dick Cheney's criticism of Obama's changes to fighting the war on terror, call Cheney "unstatesmanlike"? Cheney, appearing on a news show, calmly explained why he feels that Obama's approach makes the country less safe. Cheney -- along with the majority of Americans -- objects to the closing of Guantanamo Bay. He opposes restricting interrogation techniques to the U.S. Army Field Manual and the closing of secret interrogation sites. Unstatesmanlike?

Does Axelrod, to compare Veeps with Veeps, recall former Vice President Al Gore's angry, almost-unhinged attacks on President Bush? "He played on our fears!" screamed Gore during a speech -- as opposed to during an interview, when he might (as did Cheney) have rationally explained his differences and objections. Unstatesmanlike?

Didn't the President, with a straight face, promise to reduce the deficit by half in five years? The Congressional Budget Office forecasts government spending over the next 10 years will quadruple the annual deficit of Bush's presidency. The CBO expects the nation's debt to double in five years and triple in 10.

But according to The Heritage Foundation, Obama's claim of "$2 trillion in savings over the next decade" is "simply not true. His budget increases spending by $1 trillion over the next decade, which he attempts to offset by reclassifying as 'savings' $1.4 trillion in tax increases and $1.5 trillion in reduced spending in Iraq." First he describes tax increases as "savings." Then he falsely projects spending on the war in Iraq to remain high. By manipulating "future spending," Obama can then "reduce it" and pronounce it "savings."

Obama seeks to replace entrepreneurs with bureaucrats. He emboldens our enemies, who interpret his words of outreach and humility as signs of weakness. His actions -- while well-intended -- represent a menace to the continued security and prosperity of this nation. He smiles. He reproaches America. And much of the "world community" applauds.

But many of us just become … numb.


Larry Elder

Larry Elder is a best-selling author and radio talk-show host. To find out more about Larry Elder, or become an "Elderado," visit www.LarryElder.com.