Is Obama the Next Hoover or the Next Nixon?

Is Barack Obama evolving into Barack Nixon Obama or Barack Hoover Obama? The only thing that has kept the staggering economy in somewhat positive ground statistically is the Federal Reserve's easy money policy and Congress's refusal to add any new major programs or increasing tax rates since 2010, but beyond that, it is difficult to find any policy that Obama has pursued that would lead to any sustained growth. With Europe barely hanging on, this administration may be one more disaster from the whole house of cards crashing down. Obama inherited a slumping economy but his policy has delayed a sustained recovery, and with job creation virtually nil and fewer people working as a percentage of the workforce, Obamanomics has been a failure. Even his own deficit commission rejected his approach and instead moved closer to Reaganomics.

Then there is Barack Obama evolving into Richard Milhous Nixon, complete with the enemy list. As Wall Street Journal Kim Strassel recently wrote, “Try this thought experiment: You decide to donate money to Mitt Romney. You want change in the Oval Office, so you engage in your democratic right to send a check. Several days later, President Barack Obama, the most powerful man on the planet, singles you out by name. His campaign brands you a Romney donor, shames you for "betting against America", and accuses you of having a "less-than-reputable" record. The message from the man who controls the Justice Department (which can indict you), the SEC (which can fine you), and the IRS (which can audit you), is clear: You made a mistake donating that money.  Are you worried?”  Strassel observed that as President, Obama “ acknowledges no rules.”

Strassel observed that one of Obama’s campaign websites named and attempted to shame eight private citizens for donating to Romney and stated, they have “less than reputable records” and even charged that that a few “have also been on the wrong side of the law" and “profiting at the expense of so many Americans.”

Obama is targeting these donors for the simple reason of wanting to defang Republican leaning Super Pacs by discouraging big donors from giving, and as Strassel noted, “He's targeted insurers, oil firms and Wall Street—letting it be known that those who oppose his policies might face political or legislative retribution. He lectured the Supreme Court for giving companies more free speech and (falsely) accused the Chamber of Commerce of using foreign money to bankroll U.S. elections. The White House even ginned up an executive order (yet to be released) to require companies to list political donations as a condition of bidding for government contracts. Companies could bid but lose out for donating to Republicans. Or they could quit donating to the GOP—Mr. Obama's real aim.”

Obama is playing hardball with Republican donors but make no mistakes, his attempt to defund GOP Super PACs is Nixon-like.  As for a Herbert Hoover lookalike, Obama's policies are leading to a potential disaster for whoever is elected.  With massive budget deficits needing to be addressed, a disastrous health care plan that will add even more to the budget deficits and a massive tax increase across the board affecting every American ready to go into effect in 2013, the new President will act fast to avoid a massive recession.  This doesn’t take into account a major economic failure happening in Europe that ripples through the United States and leads to a major economic crisis.  Obama has been willing to threaten Republican donors to show that he plays by a different set of rules not seen since Richard Nixon, and no one has managed a recession as badly as Obama in the post-World War II era. Take your pick, Barack Milhous Obama or Barack Hoover Obama?

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