Pres Obama's reelection strategy is now clear. He can't run on his record so he will employ tactics never seen in a US election before, namely class warfare.
Over the next few months, Pres BO will talk of "fairness" or just another code word for class warfare.
As we've discussed in previous, the "rich" already pay a disproportionate amount of taxes in the US. The top 10% pay 70% of US income taxes! How much longer do we have to hear this "lie" that the rich are not paying their "fair share"?
It is insane to suggest that we would have a better economy by asking the producers and wealth creators to pay more. Just ask the Europeans how that's working out over in Europe!
Again, we don't have a prolonged recession because the "rich" are getting away with paying their fair share.
We are in the mess that we are in because of a "stimulus" that did not stimulate anything and BO-Care, a federal program that has caused panic among those who employ and create opportunities in the US.
Want to see this economy take off? Stop the regulations! Reverse BO-Care! Stop the crony capitalism that has seen the Obama administration give loan guarantees to rich Democrats. (Question: Why does a very wealthy Robert Kennedy Jr need a loan guarantee from the Obama administration? Why not borrow money from the Kennedy estate to start a company?)
Unfortunately, there is a market for "class warfare". We will see a lot of it over the next few months as a failed president tries to distract voters with references to "fairness" and "social justice."
Sadly, many people will fall for it. They will probably be the sames one who fell for "hope and change" the last time around.
P.S. We discussed Pres BO's reelection strategy with Barry Casselman: