As usual, Digby nails the problem. The problem, at least as President Obama sees it isn't the wealthy, after all he signed their huge tax break, it isn't the bankers, even though it was their practices that led damn near to a depression. No, the problem is the folks on fuel assistance. I wish President Obama, his wife, & his two daughters had to worry about where the money was going to come from to fill up the LP tank, or the fuel oil tank, or to keep the natural gas coming into the home. Now, I don't know enough about his youth, with a single mother, so I can't rule out that he & his mother did worry about such things. I do know, however, that at the present time, President Obama really doesn't understand the plight of the poor or how quickly the middle class is disappearing under his watch.
My emphases.The main problem with all this, of course, is that he willingly signed a tax cut extension for the wealthiest people on the planet just two months ago even as they are making money hand over fist as it is, so any talk about "shared sacrifice" rings just a little bit hollow now. If he wants to be honest about this and admit that he's catering to spoiled plutocrats and Wall Street Demi-Gods because he truly believes that he needs to sacrifice ordinary Americans on the alter of their egos, that's one thing. But blowing smoke about how this hurts him just as much as the college kid who has to drop out in a terrible labor market --- but he's willing to make the sacrifice and so should we --- well, it is too cynically cheap for words.