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Obama: Worst ‘Socialist’ Ever

David Lynch of Bloomberg News points out something very interesting, that if President Obama is really a nefarious socialist whose “redistribution” schemes are designed to destroy the wealthy and push those lazy 47 percenters to a place of true equality, he’s failing miserably at it.

Republican Mitt Romney has attacked the president for supporting the use of government programs to redistribute income and for a free-spending response to the 2008 financial crisis.

Yet since Obama took office in January 2009, wealthy Americans have continued to pull away from the rest of society. In the aftermath of the recession, income inequality in the U.S. reached a new high in 2011, Census Bureau data show.

Even as the president has decried the hollowing out of the middle class, the fortunes of labor and capital have diverged on his watch. Quarterly corporate profits of $1.9 trillion have almost doubled since the end of 2008, while workers’ inflation- adjusted average hourly earnings have declined.

“At the very high end, people got a whole lot wealthier whereas income stagnated at other levels,” said Anne Mathias, director of Washington research for Guggenheim Securities LLC. “Fifty years ago, people talked about the other half, how the other half lived, and now we’re talking about the other 1 percent.”

There is something deeply perverse about the total rejection of reality among conservatives. On Planet Wingnuttia, we must reduce taxes on corporations that are making higher profits than at any time in the history of the world so that they can afford to create more jobs — never mind that their record profits have done nothing to create jobs over the last few years. And on Planet Wingnuttia, a centrist Democrat who has followed carefully scripted policies that do almost nothing to reign in corporate malfeasance is really a socialist, if not an outright Marxist bent on destroying America and serving rich people as food at buffets for the lazy and unemployed. It’s like they are absolutely impervious to reality.

Comments

  1. Randide, O che sciagὺra d'essere scenza coglioni! says

    It’s like they are absolutely impervious to reality.

    Ed, you accidentally put two extra words at the beginning of your last sentence.

  2. Nepenthe says

    …serving rich people as food at buffets for the lazy and unemployed.

    Now that is an idea I could almost get behind, but it really depends on the cooking method. Braising, yes. Cutting into tiny chunks, deep frying, and slathering with some viscous, “Chinese” sauce, no.

  3. Michael Heath says

    Here’s a very interesting book review by Mark Lilla: http://goo.gl/DbDqV. It analyzes a new book by a supposedly credible conservative intellectual* that reveals the socialist conspiracy thread from Obama back beyond even Woodrow Wilson. Lilla reports:

    [. . . this book’s a] fanciful genealogy of modern liberalism that begins just after the French Revolution in the works of the German philosopher G. W. F. Hegel; passes through Karl Marx and Charles Darwin and Oswald Spengler; and culminates in . . . “The Audacity of Hope” and 2,000-plus pages of technical jargon in the Affordable Care Act.

    It was in last Sunday’s NYT’s book review section.

    *From Mark Lilla’s review:

    I need a level-headed conservative to explain this to me [as opposed to Glenn Beck’s similar ‘theory’ which also runs through Woodrow Wilson, Darwin, and Marx], and Charles R. Kesler seems an excellent candidate. An amiable Harvard-­educated disciple of the conservative philosopher Leo Strauss, an admirer of Cicero and the founding fathers and Abraham Lincoln and Martin Luther King Jr. and Ronald Reagan, he teaches at Claremont ­McKenna College and is the editor of The Claremont Review of Books, one of the better conservative publications. It is put out by the Claremont Institute for the Study of Statesmanship and Political Philosophy, an increasingly influential research group that also runs educational programs for young conservatives of a Tea Party bent.

    Mark Lilla is professor of the humanities at Columbia University. His books include “The Reckless Mind: Intellectuals in Politics.”

  4. eric says

    It’s like they are absolutely impervious to reality.

    Slightly OT, but I’ve been seeing Obama commercials on TV where they just play the soundtrack/footage from Mitt’s infamous 47% speech. No voiceover, they just play it and have an ending statement. Hearing it brings ‘impervious to reality’ to mind.

    No doubt at some point there will be a counter-commercial claiming that the (Obama) commercial grossly misrepresents what Mitt said. The now-standard conservative “you quoting me gets me wrong!” response. Which will be yet another example of impervious to reality.

  5. D. C. Sessions says

    Some of us remember when socialists were supposed to be the enemies of the middle class. Now it appears that it’s enough to defend the middle class to be a “radical socialist.”

  6. M, Supreme Anarch of the Queer Illuminati says

    On Planet Wingnuttia, we must reduce taxes on corporations that are making higher profits than at any time in the history of the world so that they can afford to create more jobs — never mind that their record profits have done nothing to create jobs over the last few years.

    I just don’t get the conservative line that “jobs” are something that corporations just enjoy spending their money on. I’m not exactly an MBA type, but it seems that I’d be more inclined to hire people if I had more customers wanting to buy whatever my company was producing so that I could make (and sell) more. The motive for “job creation” wouldn’t be “Well, I have all this money sitting around…” so much as “Wow, people are really buying [clothes/widgets/expensive confectionery], I should bring on a few more people so we can keep up with demand.”

  7. iangould says

    ” Quarterly corporate profits of $1.9 trillion have almost doubled since the end of 2008, while workers’ inflation- adjusted average hourly earnings have declined.”

    Average hourly earnings almost always decline during recessions and the early stages of recovery – because less overtiem is being worked.

  8. =8)-DX says

    Yep, and btw. in my country your “centrist/lefty” Obama would be more of a staunch right-wing conservative, with a smattering of centrist social justice and rights values.

  9. Pierce R. Butler says

    … a centrist Democrat who has followed carefully scripted policies that do almost nothing to reign in corporate malfeasance …

    Oh my FSM, now Ed Brayton’s doing it too!

    Ftr: Obama’s policies do almost nothing to rein in corporate malfeasance.

  10. typecaster says

    …demand. – M, Supreme Anarch of the Queer Illuminati

    The Ministry of Language hereby fines you for using an unword. This has been officially removed from the Official Dictionary as of the 2000 edition. The currently approved term is illustrated in the following example: “The Law of Supply and Job Creation.”

  11. Michael Heath says

    D.C. Sessions writes:

    Some of us remember when socialists were supposed to be the enemies of the middle class. Now it appears that it’s enough to defend the middle class to be a “radical socialist.”

    Great point though I think we need to add that the middle class remains beyond criticism when it comes to Republican rhetoric. So while the Republicans actually seek to fuck the middle class with their policy objectives, they simultaneously argue they’re the only saviors available that can help the middle class. The 47% video and Romney’s current response is a perfect play on these two perspectives.

  12. marcus says

    That’s it! That’s It! My new bumper sticker.
    “Republicans- Absolutely Impervious to Reality”

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