Political Rhetoric - Obama Edition

Watching the Obama speech in Austin, Texas this evening, an exercise in frustration. Listening to him speak about high education and healthcare costs, it is more than apparent that he either had little understanding of interventionist government policies in regards to microeconomics, or he is simply pandering to the crowd. Or maybe he actually believes that a failure of economic policy for almost an entire first term is somehow a success.

Either way, he is no better than his predecessor, and in some terms likely significantly worse.