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Posts Tagged ‘Malaise’
November 9th, 2010 at 12:57 pm
From “Morning In America” to Obama’s “I Do Get Discouraged”
Posted by Print

We have illustrated the dramatic difference between the pro-growth Reagan Recovery and the ongoing Obama Malaise, which a side-by-side comparison of economic data makes clear.  In addition to the lopsided data differential, the uninspiring and self-pitying rhetoric to which Obama treats us provides another sad contrast.  Consider the following exchange from Obama’s “60 Minutes” interview this week:

STEVE KROFT: Do you get discouraged? Are you discouraged now?

OBAMA: I do get discouraged. I mean, there are times where I thought the economy would’ve gotten better by now. One of the things I think you understand as president is, you’re held responsible for everything. But you don’t always have control of everything, especially an economy this big. There are limited tools to encourage the kind of job growth that we need.

Such “woe is me” dejection can be self-fulfilling (see, e.g., Jimmy Carter’s “Malaise Speech”), and would have been unimaginable coming from Reagan, who faced even higher unemployment rates, interest rates and inflation than Obama.  But here’s a tip, Mr. President:  nobody wants or expects you to “have control of everything.”  You do, and that is the problem.  As shown by your more optimistic predecessors, getting yourself out of the way would be the best first step toward “the kind of job growth that we need.”