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Victor David Hanson: Mr. President, Words Matter

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Posted on February 3 2010 6:30 pm
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by Victor Davis Hanson

What is Barack Obama’s real problem? Too many people here and abroad took him at his word, and he now seems quite angry at that.

For two years Obama serially damned the entrepreneurial classes. They should “spread the wealth,” be “patriotic,” and pay “their fair share.” They should be paying more income, payroll, and inheritance taxes. They could not be trusted with health care, student loans, high finance, or auto manufacturing. Their lifestyles of private jets and Super Bowl junkets came at the expense of the downtrodden. The would-be rich who made just over $200,000 were indiscriminately lumped together with the elite rich on Wall Street — who ironically contributed inordinately to Barack Obama’s non–publicly financed campaign coffers.

Apparently, the small-business classes took Obama’s writs seriously, and for the foreseeable future they have shut down — they have quit hiring and buying, and are riding out the “recovery.” In response, a frantic Obama suddenly began talking about balanced budgets, tax cuts, and tax credits, and praising the private sector. Too late: Too many entrepreneurs took him at his original word.

Read more at National Review.

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