To: ManyMoose who wrote (77472 ) 2/12/2010 12:59:18 AM From: Sully- Read Replies (2) | Respond to of 90947 Obama's biggest problem: He may believe his own spin By: Chris Stirewalt Political Editor 02/11/10 9:01 AM EST Bloomberg -- Obama Says He’s ‘Fierce’ Free-Market Advocate, Rejects Critics All politicians tailor their remarks to different audiences, but this is ridiculous. In an interview with Bloomberg News President Obama said he and his administration were “fierce advocates” of the free market. It should be a caution to the president that his statement now sounds like a bad punch line. While voters once gave credence to his claims of being an unwilling implementer of a centrally-planned economy, say when he was nationalizing two failed carmakers or forcing banks to take bailouts they tried to refuse, a year later no one is buying. The president told writers Mike Dorning and Julianna Goldman that the complaints from the Left that he was “being in the pockets of big business” and complaints from the Right that he was “anti-business” as proof of his equanimity and balanced approach. But both things can actually be true. Obama went to pains in the interview to defend the fat bonuses of his friend and adviser Jamie Dimon of JP Morgan Chase and political bankroller Lloyd Blankfein of Goldman Sachs, comparing their compensation to that of champion athletes. Obama’s embrace of some big bonuses comes after weeks of Lonesome Rhodes-style rhetoric about the “fat cats” and after Wall Street donors sent their warning shot that they would be just as happy funding Republicans. The complaint, and it’s hardly just on the Left, isn’t that Obama is in “the pockets of big business” but that he is helpful to some and hurtful to others – that he wants to pick winners and losers. What makes this, and the full article that will follow in BusinessWeek absolute must reading is to see how disconnected Obama really has become. While you could once say that Obama was just bluffing about these assertions, it’s pretty clear now that his much-vaunted Socratic model of management has produced a new kind of groupthink bubble. It just takes longer to be affirming. “‘We are pro-growth,’ Obama said. ‘We are fierce advocates for a thriving, dynamic free market.’” Read more at the Washington Examiner: washingtonexaminer.com