Barack Obama has done little, if anything, right during his year in office, but he’s obviously perfecting the art of shameless hypocrisy.<\/p>\n
Appearing on CBS’s 60 Minutes<\/em> yesterday, Barack Obama said with a straight face<\/a> that “the people on Wall Street still don’t get it.\u00a0 They don’t get it.” For good measure, he also broadly labeled bankers “fat cats” who have behaved in an “irresponsible” manner and not shown “a lot of shame.”<\/p>\n Let’s see.\u00a0 This is the same Barack Obama who promised to address the $0.4 trillion deficit, only to add a trillion to make it $1.4 trillion<\/a> in just his first year.\u00a0 In other words, he is addressing the deficit by…\u00a0 tripling it.\u00a0 Lest one reflexively attribute that to his inheritance, this year’s deficit is on an even worse trajectory<\/a>.\u00a0 He is also the man who proposes adding an endless array of new entitlements and highly-paid new federal employees<\/a> to an already-unsustainable budget trajectory.\u00a0 He is also the man who seeks to reward the same federal bureaucracies that failed to recognize the financial bubble, and even abetted it, by granting them nearly plenary powers<\/a> over the entire struggling economy.\u00a0 He is also the man who aims to compound the nation’s economic woes by imposing catastrophic healthcare costs and carbon taxes upon it.\u00a0 He is also the man who seeks to increase taxes on broad swaths of struggling individuals and small businesses by allowing rates to increase next year. He is also the man who promised to usher in a new era of international diplomacy and peace, only to see rogue regimes such as Iran increase their menace<\/a> since his inauguration.<\/p>\n Yet he says that others “don’t get it?”<\/p>\n