I hope you enjoyed Part 1. I am going to be a bit more pithy for part 2 so that hopefully I can get through more of this speech because otherwise it is going to take me about 10 parts to finish it. Here is Part 2 for your viewing pleasure.
“Let's remember how we got here. Long before the recession, jobs and manufacturing began leaving our shores. Technology made businesses more efficient, but also made some jobs obsolete. Folks at the top saw their incomes rise like never before, but most hardworking Americans struggled with costs that were growing, paychecks that weren't, and personal debt that kept piling up.”
Ok, I agree with Obama on the first part of this statement, long before the recession jobs were leaving our shore to go to foreign soil. This mainly happened during the Clinton years when the Dems had control of the House and the Senate. When bush came into office he killed some of the Clinton taxes and regulations which then started to pull us out of the hole that Clinton had put us in. Yes the wealthiest in the country got wealthier from it but we also say them hiring more people once they had more money to do so. It was Reganonics in action. Then once the Dems got control of the House and Senate during the Bush years that is when we saw the tide start to turn toward the negative which led us to the recession. A lot of people, Obama included, want to blame Bush for this but if you look at the facts, while Bush didn’t help, the Dems are the reason the recession happened, after all the House has the power of the purse. While Obama says that technology has made some jobs obsolete, he neglects to say that it also created countless new jobs. He wants to blame kiosks and ATMs for unemployment which is just silly. Also, when he talks about cost growing and paychecks not for most Americans he needs to realize that the core reason for that is him and his party. They income killing regulations that they have introduced along with refusing to pass a budget when the Republicans have offered multiple budgets has created an uncertainty that has prevented growth and increased costs.
“In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn't afford or understand them. Banks had made huge bets and bonuses with other people's money. Regulators had looked the other way, or didn't have the authority to stop the bad behavior.”
Thank you Barney Frank. That is all, look it up if you don’t get it.
“It was wrong. It was irresponsible. And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag. In the six months before I took office, we lost nearly four million jobs. And we lost another four million before our policies were in full effect.”
Once again, thank you Barney Frank. Now, for that last sentence… Actually the recession could have been avoided if the Dems would not have gotten in the way of some of the stuff that the Republicans managed to squeeze through at the end of the last Bush term. Obama and the Dems policies actually slowed the recovery by allowed us to slip into the recession that they themselves had constructed in order to create an atmosphere of uncertainty so that Obama could get elected. To put in in the words of one of Obama’s key advisors “Never waste a crisis.”
“Those are the facts. But so are these. In the last 22 months, businesses have created more than three million jobs. Last year, they created the most jobs since 2005. American manufacturers are hiring again, creating jobs for the first time since the late 1990s. Together, we've agreed to cut the deficit by more than $2 trillion. And we've put in place new rules to hold Wall Street accountable, so a crisis like that never happens again.”
Poor, poor, Obama. He really needs a fact checker. Businesses have not created more than 3 million jobs, they have reopened those positions… and in some cases those jobs can be counted multiple times due to reopening, then having to close the position again, then reopening again. It makes it sound good if you count if all like that but it is not realistic, otherwise unemployment would be much lower. Also, it is not the most jobs since 2005 (which is right before the Dems took control of both the House and Senate) it is the most since 2008, when Obama took office
As for the line about American Manufacturers hiring again for the first time since the 90’s… That is utter BS and I am calling Obama on that.
The truth behind the deficit cut is simple. It wasn’t cut. They agreed to reduce spending not cut spending; there is a big difference there. On top of that the reduction turned out to be in the million not the trillions, I did a post on this when it happened, go read it please.
As for the Wall Street thing… They were just playing by the rules and regulations that the Dems placed there for them; can you blame them for wanting to make more money? So when you think about it, this is really all the Dems fault for making rules that they didn’t like. So what do they do, they change them which shakes things up so much that they have now gimped Wall Street which is one of the things that is slowing the economic recovery.
“The state of our Union is getting stronger. And we've come too far to turn back now. As long as I'm President, I will work with anyone in this chamber to build on this momentum. But I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place.”
This is to you Mr. President. No it isn’t and no we haven’t. You need to stop lying about being willing to work with anyone that was in that chamber because you have purposefully obstructed anything the Republicans have tried to do because it didn’t fit your vision of how things should be. As for your fighting obstruction with action… learn your place. You do not have the power to go over Congresses head unless they let you and you have overstepped your bounds way to many times for most Americans to feel comfortable with. You have been the obstructionist and you, while you were in the Senate, were one of the people that wrote the policies that brought about this “economic crisis”. So get over yourself you narcissistic fool.
“No, we will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits. Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that's built to last - an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.
This blueprint begins with American manufacturing.”
This would be all fine and dandy if I thought Obama really believed the words that he was reading off of his teleprompter but the facts are very simple if you look at Obama’s past performances. This is the exact opposite of everything he has done in the past. Could it be possible that the man has had a change of heart? Yes, but not likely. Obama is only saying this now because he knows that he has severely hurt his chances at reelection and he is trying desperately to get the American people back on his side otherwise he knows that he will be a one termer that will be known as he already is as the worst President in American history.
“On the day I took office, our auto industry was on the verge of collapse. Some even said we should let it die. With a million jobs at stake, I refused to let that happen. In exchange for help, we demanded responsibility. We got workers and automakers to settle their differences. We got the industry to retool and restructure. Today, General Motors is back on top as the world's number one automaker. Chrysler has grown faster in the U.S. than any major car company. Ford is investing billions in U.S. plants and factories. And together, the entire industry added nearly 160,000 jobs.
We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.”
Obama left out some key details in this. The bailout of General Motors and Chrysler began under Republican President George W. Bush, something Obama failed to mention. Obama then picked up the ball once he was elected and earmarked more money which then finished the job. But Ford, which Obama mentions, never asked for a federal bailout nor did it receive one. Ford has managed to get along quite well on its own without a bailout as the other auto companies should have been able to as well. Also, as part of its restructuring, Chrysler is not really a U.S. automaker anymore. Italian automaker Fiat now owns a 30% share, and it will eventually go to 51% under terms of the U.S. bailout and its bankruptcy restructuring. On top of that, I think that Volkswagen would have a problem with the claim that GM is on top as the world’s #1 automaker. Volkswagen has outperformed everyone else on the world market and is proud of it; GM hasn’t even come close to their numbers.
Once again I think Obama either needs to hire a new fact checker or quit lying. The American people are sick of this kind stuff from our politicians.
More to come with Part 3.
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