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Obama Is Still Living In His Bubble

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President Obama patted himself on the back for a job well done at a press conference on Monday, after voters rebuked his policies in the November election.

2016 Election: Voters just rejected his policies, rejected his Pollyannaish view of the economy and handed his party defeats at every level of government. But as far as President Obama is concerned, everything he’s done is magic.

“Between 2009, when Barack Obama took office, and today, as he prepares to retire from it, more than 1,100 Democratic elected officials lost their jobs to Republicans. That number is unprecedented.”

— John Podhoretz and Noah Rothman, in Commentary

After the shellacking they took in the election last week, Democrats have been counseling each other to get outside their liberal “bubble” so they can reconnect with regular Americans. But not Obama.

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At his press conference on Monday, Obama failed to show a scintilla of humility. His economic polices are working, ObamaCare is doing better than expected, all is well. “We should be very proud,” he said, that “when we turn over the keys the car is in pretty good shape.”

Proud? Is he kidding? Let’s review the evidence.

First, Obama has just suffered one of the harshest repudiations on record.

Despite Obama’s continued insistence on his own masterful handling of the economy, working class Americans handed the keys to the candidate who pledged to undo just about all of Obama’s so-called achievements. Trump vows to repeal ObamaCare, do a 180 degree turn on Obama’s tax policy, undo Dodd-Frank, reverse course on his immigration policy, walk away from Obama’s global warming agreements and heavy-handed regulations.

There was arguably more consistency between Jimmy Carter’s and Ronald Reagan’s policies when Reagan took over in 1980 (Carter had already started to deregulate industries and appointed Paul Volcker as Fed Chairman to tackle inflation) than there is between Obama and Trump.

Obama’s signature legislative achievement — ObamaCare — has been an unmitigated political and policy disaster. It cost Democrats the House in 2010, the Senate in 2014 and arguably contributed to Hillary Clinton’s defeat last week. No matter who won the election, the next president and the next Congress face the unenviable task of fixing the enormous mess that ObamaCare created.

Yet at his press conference, Obama actually said — by way of chastising Republicans for wanting to repeal ObamaCare — that “it’s one thing to characterize this thing as not working when it’s just an abstraction.”

Obama’s own party, meanwhile, has suffered catastrophic losses in the past eight years….(read more)

Source: IBD

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