Obama's Speech: The Re-Education Of America - Millennial Money with Cliff Mason

BIO

Cliff Mason is the author of Millennial Money. He is the Senior Writer of CNBC's Mad Money with Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at TheStreet.com during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Rich and Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like. Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.

MILLENNIAL MONEY RELATED LINKS

LATEST FROM OUR BLOGS

» More

RSS FEED

» Help

Subscribe to this RSS feed
Stay up to date with the Millennial Money blog.

CNBC ON DIGG

Text Size

Feb.25

12:24 PM ET

Wednesday, 25 Feb 2009

Obama's Speech: The Re-Education Of America

Posted By:Cliff Mason

President Barack Obama
AP
President Barack Obama
We are no longer a nation of idiots, or at least that's my takeaway from Obama's speech last night. It seems others agree. The consensus on political blogs was a sense of shock and awe that the President was talking to us like we weren't in elementary school.

Meanwhile, Governor Bobby Jindal's response was viewed, even by those on the right, as being directed to an audience of children.

If Obama has done anything revolutionary, it's been his ability to change the political discourse by talking to the American people like we're adults. While I usually side with H.L. Mencken when he wrote, "No one in this world has ever lost money by underestimating the intelligence of the great masses of the plain people," and politicians in the past have sided with him too, by speaking to us like babies, Obama does it differently.

Parts of Obama's speech sounded like something you'd hear in an intro to macroeconomics class, and that's a good thing. Most Americans have at least some college education. Our politicians should treat us that way. Obama explained the reasons behind his agenda, not just the ideological sound bytes. He was trying to convince and persuade.

The reason young people used to be so turned off by politics, and the reason we're still turned off by the Republican party, is that younger people will always be more media savvy, on average than the rest of population, if only because we've spent our whole lives being saturated with it. We can't stand the lack of substance that usually characterizes modern political speech. Obama found a way around this by treating us like we have brains--the first politician to do anything of the sort in my conscious memory, which admittedly doesn't go back that far.

But the Republicans still seem to be stuck in a rut. Their priorities are the same priorities John McCain ran on: cutting taxes, cutting spending, and making sure the irresponsible get punished even at the expense of the American people as a whole. McCain never explained why doing away with earmarks was his number one economic policy as we were heading into a huge and awful recession. You'd think there would be something more pressing, no?

Republicans who opposed the stimulus, like McCain, have cried "generational theft" (how funny is that?), but last night Obama explained very clearly that without the deficit spending from the stimulus, our economy would sink into an even deeper rut that would make the long term deficit even worse. That's a legitimate argument

with a sound economic basis. Looks like we're all Keynesians again.

I want to hear an adult argument, something we didn't get from Bobby Jindal, about why this isn't the case if I'm going to take the current Republican party seriously. Or maybe they could just agree with the President and, you know, work with him, on this point.

I don't want to say that the Democrats understand we're adults and the Republicans don't because, really, it's just Obama who seems to get that you can talk to the American people like they're smarter than fifth-graders and still do well politically. But for now, Obama is the adult face of the Democratic party, he's the one Republicans have to contend with, not Nancy Pelosi, not Harry Reid.