"At this moment - with a growing economy,
shrinking deficits, bustling industry, and booming energy production - we have
risen from recession." Barack
Obama, State of the Union address, January 20, 2015
The only
response to Obama's SOTU speech Tuesday night is "what planet does he live
on?" Growing economy? Economic
growth in America averaged 3.3% over the sixty years from 1948 through 2008,
and often double that rate following recessions. Since Obama became president the economy has
grown at a rate of 1.4%. Even ignoring
his first year in office the economy has grown only 2.2% over the last five
years. That is by far the slowest rate
of growth ever following a recession. I wouldn't
be bragging about economic growth if I was this president.
Shrinking
deficits? The federal deficit estimate
for 2014 is $483.0 billion.
Congratulations, Barack. That is
down from $679.5 billion in 2013.
Unfortunately, the $483.0 billion is still higher than any annual deficit
in our history before he became president.
The record before Obama was $412.7 billion in 2004. During the six years he has been president
the total outstanding debt of the federal government has ballooned 78% to nearly
$18 trillion from $10 trillion when George W. Bush left office. Obama claiming fiscal prudence is like the
Islamic State claiming to be the nice guys next door.
Bustling
industry? Healthy industrial activity
would translate into increasing jobs and rising standards of living. The labor force participation rate is now
62.7% compared to 66% when Obama took office.
Demographics account for a little bit of that decline, but mostly it is due
to people dropping out of the work force since they can't find jobs. If the same percentage of adults were still
in the work force as in 2008, today's unemployment rate would be over 10%. But the most telling number is average
household income, which today is still 4% below where it was when Obama became
president. Bustling industry my ass.
Booming energy
production? He is actually right about
that. But it has come about due to
private efforts to unleash hydraulic fracturing (fracking) and horizontal
drilling to produce massive amounts of oil and gas from properties that were previously
considered unproductive. Obama and his
environmentalist cohorts have fought it every step of the way.
There has never been a head of state or any enterprise that has owned so many pigs and used as much lipstick as Barack Obama.
There has never been a head of state or any enterprise that has owned so many pigs and used as much lipstick as Barack Obama.
The following is
a paragraph from Slugzilla post 'State of the Union?' on January 25, 2012 -
The president continues to blame all of America's
woes on George Bush and the Republicans in Congress, conveniently ignoring the
fact his party controlled both houses of Congress his first two years and the
Senate last year. He is trying to convince the nation that our economic
sluggishness couldn't possibly be due to his enlightened vision of progressive
leadership. Fortunately for him, capitalism has an inherent propensity to
generate growth even when shackled with the burdens of unnecessary regulations
and restraints. But too many of those restraints keep the economy from growing
at a rate strong enough to maintain a society's standard of living. That is
where this president's leadership now has us trapped. But of course he will
never admit his ideology does not work.
Nothing much has
really changed in the last three years, including the fact that some people
still apparently believe his bullshit. A recent poll indicated that just under
half of Americans are giving Obama credit for whatever small amount of
improvement the economy may be experiencing.
Jonathan Gruber, the ObamaCare designer, was right. Americans are stupid. But only just under half of them.
Besides claiming
credit for things that are not happening or that he had nothing to do with,
Obama has discovered the middle class. Obama
said he plans to provide more relief for those folks through more tax credits
and deductions. Unfortunately, he has proposed
strange ways to do that. He apparently
believes that only the top one percent own stocks and bonds since his primary
approach to accomplishing his objective is to raise taxes on capital
gains. Increasing tax rates on capital
gains is a direct attack on capitalism, with the biggest victims being those
who are trying to save money for retirement and/or financial contingencies,
i.e., the middle class.
He must also believe
no one in the middle class owns a business since he also proposes changing
inheritance tax laws to extort money for the government when a family business
is passed on. Both raising taxes on
capital gains and increasing inheritance taxes are a win-win for him. Confiscating Americans savings and the
product of their hard work in building family farms and small businesses helps
him achieve his ultimate goal - making every American totally dependent on the
government.
Mr. Obama says
he wants to give students free tuition to attend community colleges. I can imagine the conversation now. Child
says, "I want to go to community college.
It's free." Adult says,
"That's just another excuse to not get a job." Child says, "I could get a degree." Adult says, "In what?" Child says, "Community organizing." Adult says, "That's a worthless
degree. You would never get a real job." Child says, "I could be president."
Obama also talked
about raising tax rates on the wealthy and helping the middle class by handing
out more freebies. I have no problems
with raising marginal tax rates on those making over $250,000 a year. Interestingly, most folks I know who are
wealthy don't either. They are not going
to go broke or change their life style if their marginal tax rate is raised a
few percent. But handing out more
freebies to special interests is just more of the unfair, inefficient,
unaffordable, bureaucracy bloating and counterproductive crap that creates and
expands the problems rather than solves them.
People say the
devil is always in the details. That's
right, so get rid of the details. Eliminate
all tax preferences and lower tax rates.
Narrowly targeted tax deductions and credits should be terminated immediately. All others should be phased out over time,
with perhaps the mortgage interest deduction the longest phase out. That simplifies the tax system and removes
unfair 'details' for special interests. While
we're at levelling the playing field, eliminate all government subsidies. Trust private enterprise and free markets to
generate broad based economic growth while enhancing enforcement of rational
regulatory laws that maintain a competitive economic environment.
Anyone who still
supports Barack Obama and progressive political policies needs to ask
themselves some questions. Under his
Administration -
1. Has tax reform that simplifies the process
and increases fairness been implemented?
2. Has the budget been balanced or reduced?
3. Has the education system improved and
prepared students for life as an adult?
4. Do American businesses have a more favorable
operating environment?
5. Has economic expansion been strong enough to
improve living standards?
6. Has income for the average American family
gone up?
7. Has income disparity narrowed?
8. Are meaningful, desirable, productive jobs
available for those who want them?
9. Has racial harmony improved?
10. Is America stronger and more secure?
11. Do Americans feel safer from crime or foreign
aggression?
12. Does America have more allies and fewer
adversaries?
13. Has the cost of education or health care gone
down?
14. Have individual liberty, justice and
opportunity to succeed been sustained?
15. Has terrorism and genocide around the world
subsided?
The answer to
every one of those questions is no. For
six years, until this month, his party has had control of the Senate. Blaming the failures on Republicans is
absurd. One has to wonder, what has
gotten better in America during his presidency?
The answer is nothing but his golf score.
The best way to
stifle economic growth is for government to impose more rules and regulations
on business enterprises, high taxes on consumers, costly unproductive labor
laws, trade protectionism, and subsidies to politically correct
boondoggles. These are all things the
Obama Democrats have done, and the reason why economic activity has been so
sluggish and unemployment so high under his administration.
The biggest
problem on planet earth, which is at the heart of every problem Western
Civilization faces, is Progressivism and its demands for universal compliance with
their Politically Correct rules of order. Progressives
prevent recognition of the truth that Islam as a subversive religion where the
moderate members that may exist either will not or cannot control the radical, barbaric
terrorists among them. Progressives ideologically directed meddling in free markets and infliction of unwarranted regulations on private enterprise prevent economic growth from
lifting the living standards of poor people around the world. Progressives prevent intervention in conflicts in war
torn countries where genocide is out of control. Progressives demand that authoritarian politicians
impose their opinions and policies on others. And
Progressives promote the polarization of societies by creating false claims of racism
that do nothing but reignite racism, condemn intolerance for gays that no longer exists, and lecture on the oppression
of women that never did exist in America.
Perhaps Obama
needs to spend less time on the golf course, less time manipulating the media from the White House, and less time on Air Force One
traveling to the homes of billionaires for extravagant celebrity studded fund
raisers, and more time out in the real world.
His State of the Union speech was more of the same claims of credit for
an improving economy that isn't and a strong foreign policy that does not
exist, and pandering to voters with free government handouts and no plans to
pay for them. He has accomplished
nothing beneficial for the American people, still blaming the Republicans for
his failures. He does nothing but punch Americans
in the face, tell them that someone else did it, and then punch them
again. The world would be a much better
place if he just slithered back to some hole in the ground, never to be seen or
heard from again.