no doubt we are in the mood for change---bo has tapped into that.
I am not sure I agree with all of this.
Barack Obama is a clever fellow who imbibed hatred of America with his mother's milk, but worked his way up the elite ladder of education and career. He shares the resentment of Muslims against the encroachment of American culture, although not their religion. He has the empathetic skill set of an anthropologist who lives with his subjects, learns their language, and elicits their hopes and fears while remaining at emotional distance. That is, he is the political equivalent of a sociopath. The difference is that he is practicing not on a primitive tribe but on the population of the United States.
There is nothing mysterious about Obama's methods. "A demagogue tries to sound as stupid as his audience so that they will think they are as clever as he is," wrote Karl Krauss. Americans are the world's biggest suckers, and laugh at this weakness in their popular culture. Listening to Obama speak, Sinclair Lewis' cynical tent-revivalist Elmer Gantry comes to mind, or, even better, Tyrone Power's portrayal of a carnival mentalist in the 1947 film noire Nightmare Alley. The latter is available for instant viewing at Netflix, and highly recommended as an antidote to having felt uplifted by an Obama speech.
America has the great misfortune to have encountered Obama at the peak of his powers at its worst moment of vulnerability in a generation. With malice aforethought, he has sought out their sore point.
Since the Ronald Reagan boom began in 1984, the year the American stock market doubled, Americans have enjoyed a quarter-century of rising wealth. Even the collapse of the Internet bubble in 2000 did not interrupt the upward trajectory of household assets, as the housing price boom eclipsed the effect of equity market weakness. America's success made it a magnet for the world's savings, and Americans came to believe that they were riding a boom that would last forever, as I wrote recently <1>.
Americans regard upward mobility as a God-given right. America had a double founding, as David Hackett Fischer showed in his 1989 study, Albion's Seed . Two kinds of immigrants founded America: religious dissidents seeking a new Promised Land, and economic opportunists looking to get rich quick. Both elements still are present, but the course of the past quarter-century has made wealth-creation the sine qua non of American life. Now for the first time in a generation Americans have become poorer, and many of them have become much poorer due to the collapse of home prices. Unlike the Reagan years, when cutting the top tax rate from a punitive 70% to a more tolerable 40% was sufficient to start an economic boom, no lever of economic policy is available to fix the problem. Americans have no choice but to work harder, retire later, save more and retrench.
This reversal has provoked a national mood of existential crisis. In Europe, economic downturns do not inspire this kind of soul-searching, for richer are poorer, remain what they always have been. But Americans are what they make of themselves, and the slim makings of 2008 shake their sense of identity. Americans have no institutionalized culture to fall back on. Their national religion has consisted of waves of enthusiasm - "Great Awakenings" – every second generation or so, followed by an interim of apathy. In times of stress they have a baleful susceptibility to hucksters and conmen.
Be afraid - be very afraid. America is at a low point in its fortunes, and feeling sorry for itself. When Barack utters the word "hope", they instead hear, "handout". A cynic might translate the national motto, E pluribus unum, as "something for nothing". Now that the stock market and the housing market have failed to give Americans something for nothing, they want something for nothing from the government. The trouble is that he who gets something for nothing will earn every penny of it, twice over.........
Note
1. Obama bin lottery Asia Times Online, January 29, 2008.
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http://www.atimes.com/atimes/Front_Page/JB26Aa02.html