The Devils in His Details
Recycling George McGovern's 1972 "Demogrant" notion, Obama promises a $1,000 check for every family, financed by a "windfall profits" tax on oil companies. Obama is unintimidated by the rule against legislating about subjects one cannot define.
Obama's rhetorical extravagances are inversely proportional to his details, as when he promises "nothing less than a complete transformation of our economy" in order to "end the age of oil." The diminished enthusiasm of some voters hitherto receptive to his appeals might have something to do with the seepage of reality from his rhetoric. Voters understand that neither the "transformation" nor the "end" will or should occur. His dreamy certitude that "alternative" fuels will quickly become real alternatives is an energy policy akin to an old vaudeville joke: "If we had some eggs, we could have ham and eggs, if we had some ham."
Comment: I read somewhere today that the top 1% of earners pay 40% of taxes.