Oh, sorry, that headline sounded too hopeful. Actually, Obama is simply going on yet another vacation to Martha's Vineyard, apparently oblivious to the message that sends to voters struggling in the present economy. Ah, well, noblesse oblige! I suppose he needs to recover from all the bad luck he's had:
“We had reversed the recession, avoided a depression, gotten the economy moving again,” President Obama fantasized on the campaign stump in Iowa. “But over the last six months, we’ve had a run of bad luck.”
The Japanese tsunami, the “Arab Spring” uprisings and Europe’s debt crises are not America’s “bad luck” - Obamanomics is.
The Obama presidency is a case study of what happens when you break faith with the principles that made America great. Mr. Obama has chased investment capital out of the market by implementing the Dodd-Frank financial-sector takeover. He has frozen new hiring by unleashing Obamacare’s enormous costs on employment.
He has trampled the rights of Americans as free consumers with the unconstitutional individual mandate to purchase government-sanctioned health insurance. He has made a mockery of free competition by granting Obamacare waivers to cronies and union friends. He has stymied the technology sector by unleashing his antitrust forces and the manufacturing sector by unleashing his labor-relations forces.
He has ushered in the first-ever downgrade of America’s credit rating by rejecting the Cut, Cap and Balance Act. And he has all but assured that those Americans with capital will stay on the sidelines by maligning them and launching class warfare upon them.