Obama's Tracking PollThe real Obama Daily Tracking poll is down another 48.59 points at this hour, and astute observers should note that on the rare occasion that the President keeps his mouth shut, the Dow has actually risen for the day. The majority of days in the last three weeks, however, the President has seen fit to say something. This lack of control over his speech is helping to drive the national economy further into the abyss.
As the truth comes out about who is really going to pay for Barack Obama's radical agenda, the less the American people approve. The example of the day is who is really going to pay for the President's disastrous cap-and-trade policy-low and middle income families in Middle America:
Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.
But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade -- Barbara Boxer, Henry Waxman, Ed Markey -- come from California or the Northeast.
Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked.
Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.
The reality is, as is quickly being discovered, that this President doesn't give a rat's rear end about the Heartland of this country. The majority of its people did not support Obama, and those who did had grave reservations about doing so. The President is going to try and play Chicago politics with the whole country, and the old, the infirmed, the working people who struggle to get by from working the graveyard shift in Lawrenceburg, Indiana, Owensboro, Kentucky, Jellico, Tennessee, Xenia, Ohio, or Springfield, Missouri (among other places) will be who suffers through Obama's time in office.
Perhaps the biggest problem may be that the President is simply clueless about how people in Middle America live and make their way. For all of their faults, both George W. Bush and Bill Clinton had this understanding. Bush worked as an oil wildcatter in Midland, Texas, and dealt with ordinary working folks every day for many years on a man-to-man basis. Clinton grew up in Hot Springs, Arkansas, and worked real menial jobs as a teenager. Ronald Reagan worked as a lifeguard and a radio announcer. Even Jimmy Carter connected with how people in the Heartland think and function, as he had been a peanut farmer in a one-horse town called Plains.
Barack Obama doesn't have an understanding of life among the little people in the Heartland because he has never lived there. His life is that of a wandering journeyman with little direction and no social center. His ideas come from a bizarre early life combined with immersion into a corrupt and morally bankrupt Chicago Democratic political machine.
The country will now collectively pay for the President's lack of experience.