What Obama should tell you in the State of the Union Address
Tuesday, January 24, 2012 at 4:26PM When he delivers his State of the Union address on Tuesday, there are many things President Barack Obama should tell you.
For starters, Obama did not ‘inherit’ a mess? He asked for one. Nobody twisted his arm to make him run for president.
President George W. Bush asked for a mess too.
He took over after President Bill Clinton dealt with the global meltdown media didn’t make much of—Long Term Capital Management, bailed out by the New York Federal Reserve.
After the Clinton bailout in 1998, Time magazine published an article, ‘The Committee to save the world: The inside story of how the three marketers have prevented a global economic meltdown—So far.’
On the cover there was also a photo of three players—Alan Greenspan (served as chair of the Federal Reserve from 1987-2006), Robert Rubin and Larry Summers.
Let’s lay aside meltdowns, however, and talk about a single pillar of Obama’s policy that has made your life and mine harder.
Start with this: Obama has given all rights to our natural resources to the leftwing environmental lobby who arrange science to fit an agenda. That agenda is to lock up resources and ultimately to place Americans in an alt-energy environment focused at present on solar energy.
I have often written here that Obama’s policy has made the price of everything go up—not just your utility bill that he promised would “necessarily skyrocket.”
Almost everything you eat, use, drive or wear is affected by energy. Gasoline to transport foods and goods, refrigerant for the coolers to preserve food, lights and air or heat for the factories that produce what we consume.
CNS News gives you an idea of your personalized Obama impact: increases in gas at 83 percent, ground beef by 24 percent and bread by 5 percent. The CNS article explains those increases and others in items like ice cream and eggs.
If you have a home heating and air system, you’ve noticed costs have risen for that as well. Thank Obama’s Environmental Protection Agency. If you have an older system, you will still pay more next time it needs a little juice because EPA is phasing out a type of refrigerant older systems need. EPA came right out and said you’re going to pay more because the government is limiting the supply.
Have you had your used car repaired lately? Paid more for that alternator, did you? Thank Obama and his big Cash for Clunkers idea. Used car parts evaporated due to his policy.
Meanwhile one of the Democrats’ greatest benefactors, George Soros, is predicting a possible global economic collapse and rioting in US streets. Soros isn’t talking only about leftwing demonstrators—he means rioting that could result in martial law.
Meanwhile stories are floating around about Obama advisers telling him some of his brilliant economic experiments would not work. That was before he blew about $1 trillion taxpayer dollars.
Obviously this country needs to go in a different direction.
Tonight Obama probably will attempt to persuade us “the rich” should pay “their fair share.” Billionaire Warren Buffett will be there to shore up his crony, the president who lobbed opportunity to Buffett’s railroad while killing thousands of private sector jobs via the Keystone Pipeline. The billionaire whose big ideas to clean up ‘toxic assets’ made him richer by way of taxpayer dollars.
Buffett loves those “public-private partnerships.” What that means is taxpayers cough up the dough, the politically connected get some jobs and the rich get far richer than they would without the government backing their deals with your taxpayer dollars.
Obama may point to Republican presidential candidate Mitt Romney’s tax rate—the one on capital gains. Obama will probably use that as a teaching moment to try to persuade you the GOP is nuts to refuse him another tax increase which is like crack cocaine for the Left.
Meanwhile the Democrats have been happy to keep making government larger. Nothing good ever comes of that. Check your nearest world history book or website.
What someone should tell you is that capital gains income has already been taxed and Obama has proposed no overhaul of the tax code. Without an overhaul, things will continue as usual because fact is, the wealthy and the upper income earners in what he calls “the middle class” are bearing the largest burden of taxes right now.
What Obama won’t say is that every time Congress or the president got a tax increase, they spent more money which is how we got exactly to where we are right now.
What Obama will never explain is that as government grows revenue (taxes), your money shrinks, and so does your freedom, whether you’re Mitt Romney or Mr. Main Street.
What Obama should come right out and tell you in his State of the Union speech is, “Hey, Suckers! Vote for me again!” Because that's really what this is all about.
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(Commentary by Kay B. Day/Jan. 24, 2012)