"For those who listened carefully and understand how sustainable jobs and prosperity happen, the President's speech was a terrible disappointment," says Robert L. Hale, a columnist for The Fitzgerald Griffin Foundation.
Hale picks apart Obama's speech and finds 14 fundamental errors in the presidents economic policies, criticizing the president for "wishful rhetoric" and his "clear misunderstanding of how markets work."
Some of Hale's 14 points include:
The President said: "In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2 percent of Americans." Hale comments: "Does it seem a realistic that two percent of Americans are going to pay off a federal debt estimated to be between $12 trillion and $19 trillion?"
The President said: "We have done more to advance the cause of health care reform in the last thirty days than we have in the last decade." Hale replies: "What has been provided is health care insurance -- not health care reform. Nothing has been done to reform a health care system that is bloated by massive Medicare and Medicaid mismanagement.
The President said: "...we will put Americans to work making our homes and buildings more efficient so that we can save billions of dollars on our energy bills." Hale replies: "As a builder for more than 30 years, I can state unequivocally this is a fiction. It is simply cannot be done.
The President said: "I'm proud that we passed a recovery plan free of earmarks." Hale comments: "Yet news reports identified up to 9,000 earmarks in Congress' $410 billion omnibus spending bill."
The President said: "The ability to get a loan is how you finance the purchase of everything... and [how] businesses make payroll." Hale responds: "Businesses do not make payrolls with loans. Those that do, don't stay in business; they fail."
The full column can be read at the Fitzgerald Griffin Foundation's Web site,www.fgfBooks.com
2 comments:
What we have is a dumbed down America and they will believe anything Obama says. Our schools are breeding liberals for future democrat votes and government dependency.
Obama seems to have a firm grasp on the english language and how to make everything sound good, like Bill Clinton did. What he can't do, is to separate fact from fiction. That could be because every decision he makes is to accomplish his left wing agenda or he really doesn't know how to solve any real problems America has. This is the problem the left has had for many years and that is to get in power and mess up everything in the name of "progression". Then the right gets in and has to straighten out the mess. We are losing because the left is screwing things up faster than the right can turn things back around. One example is the Iraq war. If the left had their way, we would have lost and the Mideast would be no better than it was before we went in, only it would be worse. Another is the educational system. The left has been in control for the last 50 years and we have been going downhill since. Political correctness has taken over and right from wrong is not being taught. We can't keep up with third world countries. Yet another is manufacturing and technology. China is beating the heck out of us and it won't be long and our cars will be made there. The unions are killing us and who supports the unions? We are being overregulated and overtaxed into oblivion. Still another is the government itself. It grows like a cancer and will eat up more than the whole GNP before long. Last but not least is the corruption. I'm more afraid of Obama's government than I am of the mafia and the terrorists. We know the latter two are breaking the laws but Obama is making the laws! We don't even know if he is an American citizen, we aren't allowed to see his college transcripts or his medical records. But then, what can we expect from a man who would let a living baby die as a result of a botched abortion? I still can't believe the American people elected such a tyrant! It just proves my point about the dumbing down and perversion of America. Maybe we should take a hard look at ourselves first. Maybe we deserve what we are getting!
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