Obama’s Surreal Campaign - Victor Davis Hanson - National Review Online
3-14-12 By Victor Davis Hanson
As the election year heats up, we seem not to have noticed the surreal nature of the campaign. One would expect Barack Obama to run on his record from 2009 to 2012, and especially during 2009–10, when he had a solidly Democratic Congress and passed his signature Obamacare. But he is not. Instead, we are hearing only that the probable opposition nominee, Mitt Romney, will be embarrassed by the similarities between Obamacare and his own Romneycare in Massachusetts. Examine that logic: Supposedly landmark legislation is now defended not on its own merits or popularity, but by a sort of “He did it too”?
During the 2004 campaign, the Kerry camp derided 5.5 percent unemployment as proof of a “jobless recovery.” Today 8.3 percent is deemed a sign of a real rebound. In 2008, when George W. Bush had borrowed $4 trillion over eight years, the deficits were termed by candidate Obama as “unpatriotic”; trumping that total in just four years is now called much-needed “stimulus.”
The price of gasoline has more than doubled since January 2009, and the rise is not over yet. This summer might still see the price triple in less than four years. In the old days of Economics 101, supply and demand had, by general consensus, some effect on price. I think the president believes that still, since he is pondering another release from the strategic petroleum reserve. Why, then, is he asking us to believe that putting off limits vast areas of known oil and gas reserves in Alaska, offshore, in the West, and in the Gulf of Mexico will not have much effect on gasoline prices? Vast new production of natural gas on private lands has helped radically lower natural-gas prices. But drilling for new oil is again caricatured as it was in 2008 (when candidate Obama advised us instead to inflate our tires and tune up our cars; this time he is touting algae), as if newly pumped oil from a freshly discovered field were not as efficacious as previously pumped oil from a reserve. In an age when unemployment is high, the budget deficit obscene, and our trade deficit at near-record levels, more U.S.-produced oil — aside from lowering gasoline prices — would create jobs, enrich the Treasury, and curtail what we must borrow abroad.
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