Believe it or not, with jobs falling for four consecutive months and unemployment stubbornly high near 10 percent, President Obama is out on the campaign trail bashing businesses and promoting class warfare. Huh? Oh my gosh is he off message.
He’s slamming the Chamber of Commerce for allegedly using foreign money in campaign ads, even though there’s not one shred of evidence of this. Huh (again)? Is the Chamber really a big election-year issue? Is it causing high unemployment?
Of course, Obama never mentions the unions, including the SEIU and AFL-CIO, and all their foreign money from their big international affiliates. Instead, he extends his own cast of villains, attacking special interests, Wall Street banks, corporations, the oil industry, the insurance industry, credit-card companies, AIG, and ExxonMobil. ExxonMobil? What did they do? Oh, they’re an oil company.
Phew. Kind of anti-business, wouldn’t you say?
Obama then blasts millionaires and billionaires, waging war on capital and investors, too. Next he talks about getting young people, African Americans, and union members to the polls. Even more division. Even more class warfare.
All this, of course, from the “post-partisan” president who was going to bring us all together for change.
But what’s truly incredible about Obama’s pre-election performance is how it totally misses the mark on the issues that really matter, like high unemployment, low growth, big-government spending, Obamacare, and tax hikes. That’s the stuff people are really talking about.
It’s as though Obama is from another planet, completely disconnected from the political reality as we march toward November 2.
A series of investor-related polls shows how totally detached the president is from the nearly 100 million folks who directly or indirectly own stocks.
A survey conducted by Citigroup Global Markets of 100 mutual-fund, hedge-fund, and pension-fund managers finds that institutional investors fear a government policy mistake far more than inflation, terrorism, a housing double-dip, poor earnings, or any other potential risk to the economy. (Hat tip to CNBC producer John Melloy.) One-third of the survey’s participants list government policy missteps as their biggest worry, ahead of the more than 15 percent who cite protectionism.
But these investors believe the chances of a big policy error will decrease if Republicans take back the House of Representatives in November.
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