John Stossel: Obama is not king

Published January 29, 2013 5:00am ET



Watching President Obama’s inaugural, I was confused. It looked like a new king was being crowned. Thousands cheered, like subjects worshipping nobility. At a time when America faces unsustainable debt and terrible economic troubles, why such pomp?

Maybe it’s because so many people tell themselves presidents can solve any problem, like fairy-tale kings — or gods.

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