With Americans, on average, worth less and earning less than when he was inaugurated, Barack Obama is requesting a second term by promising, or perhaps threatening, that prosperity is just around the corner if he can practice four more years of trickle-down government.
This is dubious policy, scattering borrowed money in the hope that this will fill consumers and investors with confidence. But recently Obama revealed remarkable ambitions for it when speaking in Pueblo, Colo., a pleasant place Democratic presidents should avoid.
After delivering in Pueblo what would be his last extended speech, Woodrow Wilson suffered a collapse that prefaced his disabling stroke. And in Pueblo this summer, Obama announced what should be a disqualifying aspiration.
After a delusional proclamation — General Motors “has come roaring back” — Obama said: “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” We have been warned.