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Ed Andrews on the Transformation of Barack Obama into Herbert Hoovr

Ed Andrews:

Pollyanna-in-Chief? The Economy Drowns Out Obama's Cheery Speeches: In repeatedly insisting that there is "nothing wrong" with the economy, Obama puts himself at odds with both the public's perception and the market's fundamentals: "There is nothing wrong with our country" except for the "broken" political system, President Obama declared at many stops on his Midwest bus tour this week. "We've still got the best workers in the world. We've got the best entrepreneurs in the world. We've got the best scientists, the best universities." Well, fine. Presidents have to profess confidence about the country and its long-term prospects, even when the news is bleak. But in repeatedly insisting that there is "nothing wrong," Obama put himself at odds with current reality and with what most people think is true....

It's not just that unemployment and underemployment are sky-high. It's also that the economic recovery is sputtering and in serious danger of slipping into a second recession....

Obama didn't just say it once. It was a central line he repeated at his bus stops in Minnesota, Iowa and Illinois. Does that inspire confidence?... Polls indicate that American voters blame Republicans more than Democrats for the debt-ceiling debacle, and approval ratings for Congress are down as low as 13 percent. But a new Gallup Poll released on Wednesday showed that public approval for Obama's handling of the economy is also down to a new low of 26 percent. What is the line between projecting confident leadership and out-of-touch cheerleading?...

[H]appy talk, particularly at a moment when new fears are spiking, can hurt confidence and sour the public too...

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