My Take on Obama's Speech Last Night

I am not going to post the entire transcript... instead I am going to post quotes, plus my commentary.

When describing the problems that brought on this economic downturn, he listed a variety of factors including health care, energy, and debt.

"And though all these challenges went unsolved, we still managed to spend more money and pile up more debt, both as individuals and through our government, than ever before."

I found this striking because the majority of the rest of the speech proceeded to outline all the ways to fix the economy... by freeing money so people could borrow more... and by the government spending more money, going further into debt. Want to see? Here is his solution only a few lines later...

"Now is the time to act boldly and wisely – to not only revive this economy, but to build a new foundation for lasting prosperity. Now is the time to jumpstart job creation, re-start lending, and invest in areas like energy, health care, and education that will grow our economy, even as we make hard choices to bring our deficit down."

And here:

"The concern is that if we do not re-start lending in this country, our recovery will be choked off before it even begins."

Another striking quote was this:

"Not because I believe in bigger government – I don’t."

Let us see how he doesn't not believe in bigger government.. okay?

"We have also made the largest investment in basic research funding in American history – an investment that will spur not only new discoveries in energy, but breakthroughs in medicine, science, and technology."

"Our recovery plan will invest in electronic health records and new technology that will reduce errors, bring down costs, ensure privacy, and save lives. It will launch a new effort to conquer a disease that has touched the life of nearly every American by seeking a cure for cancer in our time. And it makes the largest investment ever in preventive care, because that is one of the best ways to keep our people healthy and our costs under control."

"Already, we have made an historic investment in education through the economic recovery plan. We have dramatically expanded early childhood education and will continue to improve its quality, because we know that the most formative learning comes in those first years of life. We have made college affordable for nearly seven million more students."

"That is why it will be the goal of this administration to ensure that every child has access to a complete and competitive education – from the day they are born to the day they begin a career."

Well... I don't know about you but to me all that sounds like a major expansion of government... you might even say a historic expansion... the largest expansion ever... to care for people from birth.

His energy program does not seem good for our economy either:

"So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America."

A cap on carbon pollution that drives the production of renewable energy??? Ah, I see.. a cap on affordable energy, that forces more expensive energy to be our option? That will be good for our ailing economy... not.

Now, he did say he would continue with tax cuts for 95% of Americans while cutting the deficit by half... and interesting trick when you have the biggest spending plans in history one after another. On the other hand... while he cuts taxes, taxes will be passed onto those 95% of Americans when the US taxes companies they will pass taxes on. And the energy cost increases from his new rules will eat up any tax cut.

But to pay for the huge government and yet cut the deficit he will have to do something... what? Of course, he will raise taxes on the wealthy and businesses. How that will be encourage the jobs in this nation that he expects not to flee the nation, I do not know.

Let us contrast Obama's opinion on the matter and Pres. Kennedy when he faced recession.





What Obama supported last night was exactly what he said he would support... bigger government, and penalizing the wealthy. Redistribution of wealth. Socialism... but don't worry... with Obama in charge this will surely be the time socialism works.