I am really disturbed by the president's anti-wealthy rhetoric. His constantly harping on the rich "not paying their share" and the wealthiest one percent profiting at the expense of the other 99 percent is incendiary and dangerous. Having determined that he cannot run on his record, he has proceeded to forget his Gabrielle Giffords speech where he implored that American's should set aside partisan animosity and talk with each other "in a way that heals, not in a way that wounds." He has declared that republicans only care about the rich and if elected will give us dirty air, dirty water and fewer people with health insurance. I don't recall a sitting president being this openly partisan while in office and not campaigning after the convention. His anti-wealthy mantra has been adopted by the occupy Wall Street crowd who seem to be increasingly violent. Before president's implored the country to strive toward greatness not begrudge the success of others. Instead of saying that all can pursue the American dream, this president says that the doors to success are closed to the 99 percent and the situation can only be changed with the help of the government. This president also seems to believe or at least get us to believe that the economic pie is fixed and that the only way the rich get richer is by stealing from the rest of us. This is sheer lunacy. The president has forgotten that people like Herman Cain, Bob Johnson, Steve Jobs, Jim Clayton, Jim Haslam and scores of successful Americans were not born into wealth. He has conveniently forgotten that the growth of the American pie has made our poor the envy of 99 percent of the rest of the world. When Giffords was shot, the media rushed to put the blame on Sarah Palin and Rush Limbaugh. Hence Obama's inference in his speech. Now with Obama spewing out speech upon speech berating the rich and evoking class envy, what will the media say which the inevitable crazy inflicts bodily harm on someone rich?
Harold A. Black is professor emeritus in the Department of Finance, University of Tennessee, Knoxville having retired after 24 years of service. He has served on the faculties of American University, Howard University, the University of North Carolina - Chapel Hill and the University of Florida. His government service includes the Office of the Comptroller of the Currency and as a Board Member of the National Credit Union Administration. He also has served on the boards of directors Home Savings of America and its parent company, H. F. Ahmanson & Co., Irwindale, California prior to its merger with Washington Mutual Savings Bank, on the board of New Century Financial Corporation, Irvine, California, then the nation’s largest real estate investment trust and as director and later chairman of the Nashville Branch of the Federal Reserve Bank of Atlanta. He writes an occasional article for the Knoxville News-Sentinel at http://www.knoxnews.com/staff/dr-harold-black/. His web page is haroldablackphd.com