NRO contributor Victor Davis Hanson is a senior fellow at the Hoover Institution. His The Savior Generals will appear in the spring from Bloomsbury Books

In his first term, President Obama was criticized for trash-talking the 1-percenters while enjoying the aristocracy of Martha’s Vineyard and the nation’s most exclusive golf courses.

Obama never quite squared his accusations that “millionaires and billionaires” had not paid their fair share with his own obvious enjoyment of the perks of “corporate jet owners,” “fat cat bankers,” and Las Vegas junketeers.

Now, that paradox has continued right off the bat in the second term. In the State of the Union, Obama once more went after “the few” and “the wealthiest and the most powerful,” whom he blasted as the “well-off and the well-connected” and the “billionaires with high-powered accountants.”...