SYNDICATED COLUMN: What’s the Matter with Obama?
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It’s the Not Caring About the Economy, Stupid As a pundit it’s my job to explain why politicians do the things they do. Every now and then, however, a pol behaves so irrationally that I have to throw up my arms and ask: What the hell is this guy thinking? That’s what Obama has me doing. For over two years. Why isn’t he worried about unemployment? Thomas Frank wondered in “What’s the Matter with Kansas?” why Americans don’t vote their (liberal) self-interest. What I can’t figure out is why President Obama isn’t following his self-interest. Obama says he wants a second term. I believe him. Every president wants one. Americans vote their pocketbooks. Not exclusively—they care about a candidate’s values—but no president has ever been reelected with an unemployment rate over 7.2 percent. Right now it’s 9.1 percent. Unless there’s an unexpected reversal, it will still be way high by Election Day 2012. Economists surveyed by USA Today predict that…
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