Obama Ad is Candid About Post-Election Plans and its Scary

 

 

Texas Insider Report: WASHINGTON D.C. The presidents re-election campaign has been running an ad titled The Choice." You have probably seen it during the Olympics or in other pricey slots. In it Mr. Obama speaking to the camera shows how little he has learned from the mistakes of his first term and how extreme his plans are for the second. 

 

The ad starts straightforwardly. The president tells us:

 

This of course is true.

 

Then he turns to his campaigns talking points rhetoric you hear from every surrogate and read in all their emails: Governor Romneys plan would cut taxes for the folks at the very top roll back regulations on big banks and he says that if we do our economy will grow and everyone will benefit."

 

In other words for an economy driven by entrepreneurship in which the percentage of Americans working today is lower than it was on the day the president took office Mr. Obama is determined to keep up his tax and regulatory attack on American enterprise.

 

This isnt news. But it underscores a central fact of this years choice: When it comes to the economy in four years Mr. Obama and his team have learned nothing.

 

Then he turns to another talking point: But you know what? We tried that top-down approach. Its what caused the mess in the first place."

 

Now you cant expect that the president would acknowledge the truth here that rolling the dice" as Barney Frank put it on Fannie Mae and Freddie Mac was the source of the crisis and that rolling the dice" was the policy of his party in Congress something they prevented President George W. Bushs administration from stopping. Nor can he acknowledge that rolling the dice" on less than credit worthy home purchasers remains central to his administrations program.

 

So Mr. Obama routinely blames the economic crisis on policies that beginning under Ronald Reagan gave us the longest peacetime economic expansion in our history.

 

This is all politics of course. But again it underscores that after four years of failure Team Obama has learned nothing.

 

Then the ad turns to set up lines for the chilling part:

 

Strengthening the middle class is of course a Democratic Party mantra … and a Republican Party goal. It is universal to politics in a nation where almost every one of us considers him or herself part of the middle class. But all the net new jobs over the past three decades have come from businesses started in the prior five years. So where is the president going to find what he calls middle class jobs" after he strangles entrepreneurship with higher taxes?

 

Meanwhile despite a nod to the deficit he says not a word about spending that has gone from 20 percent of GDP before his presidency to 25 percent today. Again he gives not a hint of a lesson learned from his mistakes.

 

Now to the chilling part. The president tells us he is raising taxes so that we can afford to invest in education manufacturing and homegrown American energy for good middle class jobs."

 

The government will invest in manufacturing and energy exploration and development? Dont we fund these with private investment?

 

Unless he means more bailouts and takeovers of manufacturing as his administration did with the auto industry. According to the Heritage Foundation all the $23 billion taxpayers have lost from the bailouts went not of the auto manufacturers but to the investment funds of the United Auto Workers union a major administration backer.

 

And unless he means he will double down on more Solyndras that is on what now appear to have been just-short-of-fake investments that channeled vast amounts to presidential friends before going belly up.In other words in term two the president promises to work for an America with less entrepreneurship less private investment in business expansion and less job creation in the places where we have created jobs when our economy has been growing strongly.

 

Instead he promises to give us more government takeovers more bailouts and subsidies more federal spending tax dollars wasted and more barely disguised corruption.

 

Has any president of either major party ever run on such an extreme and unsettling platform?Mr. Obama concludes his ad saying: Sometimes politics can seem very small. But the choice you face it couldnt be bigger."