Tomorrow is the 1000th day without the Senate voting for a budget, that would be the Democratic controlled Senate.
Before I begin, does it strike anyone as odd that Obama and his family and his best bud, Buffett, ARE the 1% and if they want to pay more, why the HAY don’t they, and leave the rest of us alone – that would be those of us who don’t want to be in the collective.
Obama’s State of the Disunion Address included his intent to do all the things he hasn’t done for the last four years. The speech had some tax and spend (invest) measures, but really not much that would make the rise of the oceans begin to slow and the planet heal.
Primary among his demands is there be an effective minimum tax rate of 30% for millionaires and billionaires. I wonder if GE will continue to be exempt? He wants their subsidies and tax deductions taken away as well. Thirty percent should be great for investments. I’m sure investors will want to take risks on the stock market for that tax rate.
The answer for college costs is to “invest” more in federal and state subsidies, despite the fact that the college loan program is driving up the costs because of unscrupulous college officials.
Obama began his speech by bragging about having withdrawn our soldiers from Iraq even though, after we won the war, Obama lost the peace. Iraq is now in violent disarray because we left them with no help, unlike what we have done in prior wars. Obama is in direct talks with the very terrorists we tried to keep out of Iraq and Afghanistan.
He took credit for his actions in Libya and for the killing of Osama, not mentioning the Navy Seals. He did praise our military several times.
He wants to take the money he is saving on wars and put it into things like education. The government needs to stay OUT of education – they keep making it worse.
They NEED to invest in infrastructure, which he promised to do (and didn’t do much of) with the stimulus. The infrastructure projects around me, that were paid for and in the works, suddenly changed from state and local projects to stimulus projects – they didn’t create new jobs, just paid for ones that already existed.
He declared himself as the middle class President and blamed Congress somewhat for our problems. He demonized banks and will hire more government bureaucrats to supervise them.
He created jobs, saved us from a Great Depression (hardly provable), and we are really doing great.
He is going to force banks and private financial organizations to renegotiate everyone’s mortgage at the new low rate.
The Big Three automakers are doing fantastic. GM is number one. My question is why don’t they pay us back what they owe us then? We the people bought GM stock at $55 a share and it is now selling at $24.79 a share – WOW!!!
Our allies are united against Iran with crippling sanctions. Meanwhile, 85% of the countries that buy Iranian oil will not join in the sanctions and they are refusing to use the U.S. dollar to buy oil. Sounds like we’re being sanctioned. Iran is leading the effort to end the dollar as the universal currency.
He’s going to force International companies back to the U.S. by taxing their overseas business.
He wants to invest in all forms of energy and is proud of his extensive investments in clean energy, failing to mention the innumerable failed solar and wind companies. He left out the killing of Keystone XL for some reason. Forget offshore drilling however.
He’s forming a Veteran’s Jobs Corp, but it’s merely yet one more employment agency – we have about 22 of them now.
Obama said, Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China. There will be more inspections to prevent counterfeit or unsafe goods from crossing our borders. And this Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing finance or new markets like Russia. Our workers are the most productive on Earth, and if the playing field is level, I promise you— America will always win.
I wonder if he sent that email to Jeffrey Immelt who is giving our jet technology to China or to Gibson Guitars who were told to have their fretboards made in India. I could go on and on, but you get the picture.
I did like hearing that he would end the insider trading allowed by congressmen.
Oh, oh, I almost forgot, Obama is against bailouts. Is he kidding? What was GM and Chrysler and what about all the AIG and bank bailouts? Egads!
He did fail to mention his wonderful Obamacare bill.
Hillary Clinton told him that was the best speech, but I say it was a four Pinocchio speech based on all the deceptive comments.
Click here for the text of this speech
Mitch Daniels rebuttal to Obama’s speech was powerful and expressed the conservative view.
Mitch Daniels, while acknowledging Obama did not cause the problem, made a point of the fact that Obama cannot claim that he has done anything but make the situation worse. The economic situation is grave. Obama has slowed down recovery. The big and bossy government he has created is maintained on the backs of the middle class. Daniels talked about unemployment and the tragedy for young people not being able to have a better life than their parents as did the generations before them.
Daniels talked about an America that must pay its bills. The only way out of our disastrous situation is a private economy that creates real jobs, and at a much faster rate. Eliminate expensive regulations, stop increasing energy costs, there is a need for a dramatic change in the tax system, we must fashion a new safety net for social security and medicare, which must be saved. We need opportunity for all.
Daniels wants to cut loopholes –
“…Contrary to the President’s constant disparagement of people in business, it’s one of the noblest of human pursuits. The late Steve Jobs – what a fitting name he had – created more of them than all those stimulus dollars the President borrowed and blew. Out here in Indiana, when a businessperson asks me what he can do for our state, I say ‘First, make money. Be successful. If you make a profit, you’ll have something left to hire someone else, and some to donate to the good causes we love.’
“The extremism that stifles the development of homegrown energy, or cancels a perfectly safe pipeline that would employ tens of thousands, or jacks up consumer utility bills for no improvement in either human health or world temperature, is a pro-poverty policy. It must be replaced by a passionate pro-growth approach that breaks all ties and calls all close ones in favor of private sector jobs that restore opportunity for all and generate the public revenues to pay our bills.
“That means a dramatically simpler tax system of fewer loopholes and lower rates. A pause in the mindless piling on of expensive new regulations that devour dollars that otherwise could be used to hire somebody. It means maximizing on the new domestic energy technologies that are the best break our economy has gotten in years…”
He referred to the divide and conquer approach being used. He minced no words in stressing the need to trust Americans to make their own decisions freely – the government is to serve us.
Click here for Mitch Daniels response