President Barack Obama’s class warfare speech in Kansas (here) makes clear the theme of the 2012 election for the Democratic Party, and the president: anger at those who have earned more than others. It’s an insidious strategy that both deflects the real problems of the economy — which is the deregulation of major financial institutions and their inordinate power in politics and government — and dumbs down the issue to envy against anyone the Democratic Party deems rich, which is those earning $250,000-plus a year.
The envy demagoguery was sufficient enough to make Hugo Chavez beam with pleasure. Dan Henninger of the Wall Street Journal has an excellent dissection of the speech (Read) The quotes from Obama’s speech include, “The free market has never been a license to take whatever you can from whomever you can,” and “Their philosophy is simple. We are better off when everybody is left to fend for themselves and play by their own rules.”
Remember, these are quotes from a president who gobbles up campaign cash from Wall Street faster than any speeding pol out there, and who gladly signed a financial services “reform” law that guarantees business as usual with derivatives and predatory mega-interest loans to the economically vulnerable.
What President Obama, and the Democratic Party, hope to accomplish over the next year is to personalize the widespread financial insecurity by creating a “dummy” that Americans can pummel — the rich person who angry voters can place whatever face they wish.
If successful, the president and his supporters will attempt to push us even further into a society that increases middle class dependency on a government that is already facing short- and long-disaster.