Obama’s “Occupy Wall Street” Problem: He Is the One Percent |
By Troy Senik
Thursday, October 20 2011 |
The American people – always astute given a long enough time horizon – seem to have determined that the decline of the nation’s fortunes are coincident with the ineffectiveness of the Obama Administration. The Obama Administration – perpetually convinced that symbolism is a serviceable substitute for performance – has opted to respond to this disenchantment by boarding whatever populist train happens to be passing at the time. The president is on their side, telling ABC News earlier this week, “I understand the frustrations that are being expressed in those protests." If that’s true, it puts him one step ahead of the demonstrators, who, a month after the protests began, are still trying to determine exactly what they want (one recent cry from the streets of New York has been to “nationalize the Fed,” proving that any noun will do in the language of the left). He is a graduate of some of the nation’s most elite schools who never seems to have distinguished himself academically. He served as the president of the Harvard Law Review without ever publishing an article under his name. He lectured at the University of Chicago Law School (a tenure that has fed the inflated notion that he is a “constitutional scholar”), though one highly esteemed colleague of his there told me that Obama’s appeal in the classroom was based solely on personality and that students who actually knew the subject matter regarded him as intellectually shallow. He became a multi-millionaire on the sales of two autobiographies that read as paeans to his own grandeur. And he was elected to the United States Senate and the presidency based almost entirely on his capacity behind a microphone. In short, Obama is the one percent. The protesters have called for higher wages regardless of skill, single-payer health care, free college education and universal debt forgiveness. In essence, they demand that the fruits of a productive society be provided – at the expense of an unidentified third party – for those who refuse to generate that same productivity. In doing so, they show a philosophical congruence with an administration that has repeatedly demeaned the private sector as morally inferior to government work, proposing to subsidize the educations of public-sector workers over entrepreneurs and lambasting those who dream of life in the corner office. In the end, it will be they who provide the sheer grit and innovation that rights a listing economy – despite the best efforts of an undiscerning president and his sophomoric acolytes in Lower Manhattan. |
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