CHARLES KRAUTHAMMER: I find it astonishing that he goes around making speeches in which he deplores the state of the economy, the growing income inequality, chronic unemployment, staggering middle class income, and it’s as if he has been a bystander, as if he’s been out of the country for the last five years. It’s his economy; he’s the president.
He’s talking as if this is the Bush economy, I don’t know, the Eisenhower economy, and he just arrived in a boat and he discovers how bad the economy is. This is a result of the policies he instituted. He gave us the biggest stimulus in the history of the milky way, and he said it would jump start the economy. The result has been the slowest recovery, the worst recovery since World War II, and that is the root of all of the problems he’s talking about, the income inequality — the median income of the middle class of Americans has declined by 5% in his one term. So who’s responsible for that? Those were his policies. He talks about this in the abstract and he actually gets away with it in a way that I find absolutely astonishing, it’s magical. This is his economy and he’s pretending he’s just stumbled upon it. And the policies he proposes are exactly the ones he proposed and implemented in the first term.