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DANIEL HENNINGER: America’s Dog Days – WSJ.com

August 17, 2011

America’s Dog Days

The deeper some people get into politics, the more antipolitical it makes them.

WONDER LAND AUGUST 17, 2011, 9:15 P.M. ET

BY: Daniel Henninger

After the words Dow 11,000 came to feel more like days spent inside a Nascar stock car than the U.S. stock market, an exhausted Washington settled on one big question: Should President Obama join his family’s vacation on Martha’s Vineyard? One Beltway pundit said the Vineyard was “the last place on earth” Obama should be.

My vote was for the vacation.

Hanging out with Team Obama doesn’t look like what this president needs right now. Whatever advice the world’s smartest advisers have been giving him has just outputted a 39% Gallup approval rating.

What Barack Obama mainly needs is for the economy to start growing above a 2% rate and for the unemployment rate to fall toward 8%. His advisers on the economy told him that if he spent nearly $1 trillion in stimulus, these things would start to happen. They haven’t.

Amid this gloom, Standard & Poor’s decided that the dog days of summer would be an appropriate time to burst the 45-year federal-spending bubble.

Burst bubbles put people in a nasty mood. But Uncle Sam can’t be sued for debt malfeasance, so with the nation downgraded below France, we simmer through a bad summer. The political shock of the moment is that many in Mr. Obama’s own political base—their famously bilious invective once reserved for George W. Bush—have suddenly rerouted their anger to the Obama Oval Office.

Dripping sarcasm about his personality and even regret for having voted for Mr. Obama, they accuse him of wimping out on the debt-ceiling negotiation, of being unable or unwilling to trash and torch his opposition—what one called “the villains who cause our epic problems.”

One wonders what Mr. Obama makes of his ex-pundit pals in private. Barack Obama in his first term, amid a financial crisis, enacted ObamaCare and Dodd-Frank, two of the largest pieces of regulatory legislation in our lifetime.

via Henninger: America’s Dog Days – WSJ.com.

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