Well, I watched the address last night. I have to hand it to President Obama, he definitely knows how to give a speech and is a great salesman by pitching that government is the only way out of this mess. But before I go any further I would just like to say Nancy Pelosi is an “Fing” nut job. I know that she was playing with her cooch back there, eventually going into a freaking orgasm everytime Obama completed a damn sentence. Anyway lets get to the address:
I love how he said that he wasn’t for big government, but yet addressed Congress and the nation by stating that government does everything well and private businesses do everything poorly and that banks are the focus of all that is evil in the modern world. Banks and lenders pushed bad loans. No mention that the government virtually forced these banks and lenders to push those bad loans. Not that government had anything to do with it:
President Clinton’s tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Read this 1999 NY Times article: Fannie Mae eases credit to aid mortgage lending.
Then he talked about how 95% of working households are getting a tax cut. They aren’t tax cuts .. you get tax cuts if you pay taxes. Many of these people do not. These are income transfer checks … sometimes called welfare. It’s called redistribution of wealth, taking from people who have succeeded and giving it to dirt bags. Where is the economic freedom in that?
Talks of banks being fearful of lending. How is the cramdown legislation going to help that? If Congress should pass a statute to give bankruptcy court judges the right to do cramdowns, they would be used to reduce the mortgage of someone who is upside down in their home to reflect the property’s current market value. So lets say you owe $275,000, property is only worth $200,000 well you will just have to pay the $200,000. And then guess who has to pick up the remaining $75,000 balance of the loan? TAXPAYERS! WOO HOO!
What else, oh yeah. New lending fund. Auto loans, college loans … business loans. Funded by the evil rich, of course. The speech was just basically about wealth envy, that banks and the rich are evil people. I like the nice little slam against CEOs … private jets. “Those days are over.” CEOs are demons … evil people who have created this problem for all of us. Don’t you have a private jet now Obama? Oh yeah and how about a private helicopter?
Again he says: “Everyone suffering in part because of their (banks) bad decisions.” Government played no role here? All these evil banks? Really played up this angle about banks being the face of evil in America.
Obama says that his budget is going to be a “vision for America.” How nice. I thought the Declaration of Independence and the Constitution were visions for America. Now they’ll be replaced by Obama’s budget.
Then went on to bast the automakers … years of bad decision making. “We will not protect them from their own bad practices.” The problem here is only the automakers and their CEO’s. No mention of the role that labor unions played in bringing these automakers to their knees. And of course he said that America invented the automobile…the German’s invented the automobile. As a matter of fact the Germans invented alot of shit, thank goodness we beat the bastards or else we’d all be goose stepping idiots.
Obama also said “This is America. We don’t do what’s easy. We do what’s necessary.” At this point I started buying into this shit and turning to the dark side until I punched myself in the face.
Mentions health costs as a major reason why corporations move “our jobs” overseas. Doesn’t mention our second-highest-in-the-world corporate income tax as a reason. BTW .. the jobs belong to the corporations, not the workers. If they belonged to workers that would be called Communism. The definition of communism: a socioeconomic structure that promotes the establishment of a classless, stateless society based on common ownership of the means of production.
“Complete and competitive education?” What does he mean by competitive. Does this mean that he’s for school choice and that schools will have to compete for students? Nope, he called school vouchers a fraud.
Ask every American to commit to one more year of education .. community college … training. Good idea, but who is going to pay for that. Oh yeah, the evil rich.
Obama wants to promise a higher education for anyone who will just do a bit of national service.
Called out parents to be responsible for their children’s education. Another good point.
“With the deficit we inherited.” You just knew the “inherited” word was going to come along. Well, he has a point. Thank you, Republicans. Of course he is going to double the deficit within the year so the GOP doesn’t take all of the blame. But how does he plan on fixing this? By taxing the wealthiest and business owners of course.
Eliminate no-bid contracts that have wasted billions in Iraq. Didn’t mention that this process was begun under Clinton. Do we want to wait for a bidding process when materials and support are needed in a theatre of war?
Restore a sense of fairness and balance in our tax code by ending tax breaks for corporations who send our jobs overseas. Those jobs aren’t “our jobs.” The jobs belong to the corporations. Sense of fairnes in our tax code would be the passing of The FairTax Act you knucklehead.
Tax free universal savings accounts for all Americans, huh? Let me guess … somehow I get the feeling that the government is going to fund these savngs accounts with taxpayer dollars from the evil rich.
“Restart the engine of our prosperity.” Fine, President Obama … but you need to know that the engine of our prosperity has been freedom and economic liberty, not big government.
The basic principle of this whole address was to warp the minds of Americans that BIG GOVERNMENT IS GOOD AND CORPORATE AMERICA IS EVIL!
RIP FREEDOM
Here lies The United States of America
July 4, 1776 - January 20, 2009
We can thank the Republicans for this and Neal Boortz explains it very well:
We knew what Democrats are, and they have only reinforced our thoughts since they took power. Our real problem here is that we didn’t know what the Republicans were. We actually put these people in office thinking that they were going to cut the size and the cost of government. We thought we could rely on them to be defenders of economic liberty and limited government. We couldn’t have been more wrong. They promised to get rid of the useless Department of Education. They didn’t. Instead, they doubled federal spending on education. They were going to get rid of the Commerce Department. They didn’t. When it came to pork spending and big government the Republicans proved themselves to be the equal of Democrats. They even managed to create a grand new welfare entitlement program that will speed our course to bankruptcy; the prescription drug program.
The point here is that it is somewhat useless to slam Democrats for being Democrats. We knew the Democrats were snakes when we picked them up. Someone should have warned us about the Democrats. Democrats didn’t con us. Democrats didn’t fool us. They may have fooled the ignorant voters who bought this “Change You Can Believe In” crap .. but not us. It was the Republicans who conned us. We didn’t think they would turn out to be Democrats with nicer suits … but that became our reality.
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