Smith Faculty Opinion Article

John Haslem By Dr. John A. Haslem, Professor Emeritus of Finance
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The 30 Seconds Outlook
July 15, 2010

“The distance between the president and the people is beginning to be revealed.”
—Dorothy Rabinowitz, Wall Street Journal, June 9, 2010   

The oil calamity in the Gulf has provided citizens there and elsewhere with a vivid picture of how Obama deals with a crisis.

We need to understand Obamas’s background as it applies to his decision-making. Rabinowitz (WSJ 6/9/10) reminds us that it is based on who he is.  His reaction to the oil crisis was entirely predictable, with amazing lack of concern and urgency concerning the explosion that took numerous lives and the subsequent release of vast quantities of oil.  

Rabinowitz states so well that what citizens expect from a president is not more campaign rhetoric, but rather a tone and presence that says: “This is Americans’ leader, a man of them, for them, the nation’s voice and champion. . . . What he lacked was the voice---and for a good reason. . . . A great part of American now understands that the president’s sense of identification lies elsewhere, and in profound ways unlike theirs. He is hard put to sound convincingly because he is, at heart and by instinct, the voice mainly of his ideological class. He is the alien in the White House, a matter having nothing to do with delusions about his birthplace ...”

The lack of voice for America is certainly revealed in Obama’s overseas “apology tours,” that included the Muslim world, where he “confessed” the moral failures of America in its arrogance and insensitivity and the source of injustice and oppression in the world.

We all remember America’s embarrassment with his banal gift to England’s prime minister. Then there was the insulting welcome to Israel’s prime minister. Then there was the return of the White House’s bust of Churchill, which was a American reminder of this great leader during our war to save the free world. He senses no understanding of America’s connections with our historic allies.

We are also told there are no Islamic terrorists, but rather there are only criminals deserving of trials in American courts. His administration is filled with radical “czars,” a leftist staff of political opportunists and unseemly deal makers, and a cabinet lacking in experience and emotional attachment to the American people—thus the choice of Napolitano for her leftist appeal and certainly not for her managerial experience and skill.

These behaviors are consistent with Obama’s management of the oil crisis that has destroyed so many jobs and ecosystems. He says the problem is BP’s to fix. Then he uses his worn “Bush card” to shift blame for failure of his own oil industry regulators. Then he fails to lead a coordinated effort to use private and government craft and personnel in a serious effort to contain the slick. Then he refuses offers of experienced help from other countries due to union opposition. Then when shifting blame fails to provide political cover, he walks on the beach to show his concern. Then when this lame reality show doesn’t provide political cover, he tells his attorney general to investigate BP for criminal negligence.

The timing of Obama’s attempt at assigning legal blame could not have been less presidential. Once the oil flow is stopped, an impartial and informed commission (not his leftist no experience commission) should be constituted to assess what went wrong and why, and then proceed to engage the industry in prescribing new standards, requirements, and regulations for shallow and deep drilling. An industry commission would actually have the best information and know how. That is, to use the process that works with airline crashes. Then, deep drilling should return to the job of meeting our needs for domestic energy.

John A. Haslem