Andrew Cline – The American spectator, August 10, 2011
There he is, talking again. If the markets could express thought in verbal instead of monetary form, that would’ve been the vocalization on Monday afternoon as President Obama, for some reason, gave a press conference. As markets usually do, they expressed themselves in numbers instead. The Dow fell 634 points, its sixth-worst decline in 112 years.
The decline came not in response to Obama’s content-free press conference. It came despite the press conference. The man who has the power to halt the rise of the oceans with his words was entirely ignored — while speaking.
About those words. Since assuming the office of president, the greatest political orator of our time, as you might have heard, has been a singular failure in the art of persuasion. His early legislative accomplishments came through old-fashioned Washington arm-twisting, as he failed to convince majorities in Congress that they were good ideas. He could not even get a working majority of his own party to vote for his massive health insurance law without packing it full of the sort of giveaways he campaigned against only the year before.
The public still dislikes the health care law, his signature accomplishment in office. The people disliked the stimulus and the bailouts so much that they elected a bunch of “crazies” to block any similar attempts in the future.
And yet Obama still fancies himself a devastatingly effective orator. His answer to every single problem is not action, but speech. He scolds; he admonishes; he jokes; he lectures. And every time, he fails.
“His speeches leave the impression of an army of pompous phrases moving over the landscape in search of an idea,” William McAdoo, Wilson’s treasury secretary, said of Warren Harding. So it is with Obama.
The American people have begun to realize that his words are mere puffs of vapor dissipating in the hot Washington air. They are utterly void of meaning.
“No matter what some agency may say, we’ve always been and always will be a AAA country.”
Read more: http://spectator.org/archives/2011/08/10/the-obama-way
Obama will campaign on making stocks more affordable!