http://frontpagemag.com/2012/04/12/obamas-great-economic-lie/
On Tuesday, April 10, President Obama spoke in Boca Raton at Florida Atlantic University. He promptly showed that he needs a remedial course in basic economics.
The speech covered all the same ground as the rest of his speeches lately: he’s declaring class warfare on the rich. In this speech, though, he went into particular depth on his vision of economics. Or rather, his blindness with regard to economics.
Obama casts his re-election campaign as a debate between becoming a nation “where a shrinking number of people are doing really, really well, but a growing number are struggling to get by,” and a nation where “everybody gets a fair shot … does a fair share … plays by the same set of rules.”
There’s only one problem with this – Obama isn’t on the side he thinks he’s on. According to Robert Reich, Obama’s interim economic advisor, Obama’s supposed economic recovery has gone almost entirely to the top 1%. So his economy is the economy creating unfairness – greater government interventionism does not translate into greater prosperity for those who are not top earners.