The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- In a speech in Washington delivered at the annual Associated Press luncheon Tuesday, President Obama spoke on the economy. And he was at it again -- running from his record and blaming Republicans for the pain his actions have visited on the unemployed and middle class. During his first two years, Mr. Obama got virtually everything he wanted -- billions in stimulus to jump-start the economy, and new policies for trade, energy, banking, and health care. In these areas, he favored the ideas and interests of elitist academics, the political class, and wealthy executives who support his political machine.
In 2010, frustrated with huge federal budget deficits and too little progress on the economy, American voters elected a Republican House to rein in federal finances and restore some sanity. Now, as GOP House acts on its mandate, Mr. Obama accuses it of imposing a radical vision on America, social Darwinism and bogus trickle-down economics. "The Republicans in Congress have doubled down," the president said. "Their new budget makes
their Contract with America look like the New Deal." In fact, it is Mr. Obama's own elitist vision of America and flawed policies that are stealing hope and robbing the middle class.