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Unlocking Obama's Economic Vision (Spoiler: It's Blurry)

doc, aka Rich Wrote: Nov 16, 2012 12:39 AM
Obama was right about one thing ... a majority of Americans want more socialism. The diagnosis that moving away from capitalism will lead to bankruptcy is immaterial ... people do lots of things that are bad for them. The American peeple want socialism and the elected government will work to expand. God bless America. But the American people are worshiping false idols, and the economy can get a lot worse. Tighten your belts, it's going to be a rough ride ahead.

Wednesday’s press conference marked the first occasion journalists have had to question the President directly – about anything – in eight months, and President Obama tipped his hat on his plans to confront the coming fiscal cliff with chastened House Republicans. In short, he will probably raise tax rates for the wealthy.

But thanks to an explosive and, as my colleague Donny Deutsch put it, testosterone-fueled defense of UN Ambassador Susan Rice, a lot of what the President also said about his plans to reduce the deficit went ignored. That’s a shame – they were quite illuminating.

Before...