Mr. Obama also said that America's economic difficulties resulted when "regulations were gutted for the sake of a quick profit at the expense of a healthy market." Who gutted which regulations?
Perhaps it was President Bill Clinton who, along with then Treasury Secretary Larry Summers, removed restrictions on banks owning insurance companies in 1999. If so, were Mr. Clinton and Mr. Summers (now an Obama adviser) motivated by quick profit, or by the belief that the reform was necessary to modernize our financial industry?
. . .
Even in an ostensibly nonpartisan speech marking Lincoln's 200th birthday, Mr. Obama used a straw-man argument, decrying "a philosophy that says every problem can be solved if only government would step out of the way; that if government were just dismantled, divvied up into tax breaks, and handed out to the wealthiest among us, it would somehow benefit us all. Such knee-jerk disdain for government -- this constant rejection of any common endeavor -- cannot rebuild our levees or our roads or our bridges."
Whose philosophy is this? Many Americans justifiably believe that government is too big and often acts in counterproductive ways. But that's a far cry from believing that in "every" case government is the problem or that government should be "dismantled" root and branch. Who -- other than an anarchist -- "constantly rejects any common endeavor" like building levees, roads or bridges?
Even though Karl Rove wrote the article, I'm still linking him because of the questions he raised. Much the same way Stacy McCain said of Mareen Dowd, out of all the times she's been wrong, it's important to point out when she is right.