Sucess Bad. Failure Good.

Monty Pelerin has some brilliant insights about our President.

Obama's ideology blinds him to relevant variables.  Incentives, institutional frameworks, profit and loss, individual initiative, saving and investment, hard work, etc. have no role in his simplistic world. He is a political creation with no experience in relevant matters.  He does not understand markets, business, meeting a payroll, or managing an organization.  This vacuum in knowledge produces failed economic results because policies do not consider the relevant variables for economic success.
In Obama's world, success and failure are moral rather than economic outcomes.  Success is a marker for evil.  Failure is due to someone else's success rather than personal shortcomings.  Failure represents passivity, the choice to not exploit others.  Proper moral behavior produces failure.
For Obama, economics itself is inconsistent with morality.  Hence economics itself must be evil.  This view of the world is both simple and ignorant. 
Individual success is simply a microcosm of national success.  It too is achieved by exploiting others.  That explains Obama's "Joe the Plumber" moment.  If the pie is fixed in size, the rich make others poor.  That is the fallacy underlying Obama's belief that people are entitled to only so much income or wealth. In his mind, he has a right, probably a moral obligation, to confiscate and redistribute wealth. The rich and successful must be punished at some level of success.  Their success causes the poor their pain.
Talent, hard work, ingenuity, risk-taking, etc. are not relevant in Obama's third-grade level of economic understanding.  As expressed by Tom Sowell, "[w]hether at home or abroad, Obama's ideology is an ideology of envy, resentment and payback."

Read the whole thing. http://www.americanthinker.com/2011/06/president_quixotes_legacy_confused_ill-educated_and_not_too_bright.html