So, the president makes a speech outlining what he believes is the most important thing that Congress and America can do to solve the looming financial crisis...re-elect Barack H. Obama II!
Starting off with the old canard that "Bush spent Clinton's surplus", Obama tried to pin most of our economic woes on the "Bush tax cuts for the rich", which, incidentally became the "Obama tax cuts for the rich", since Bush was a private citizen when Barry signed that extension!
In addition to the fact that Bush really did spend too much, and conservatives called him on that, there was this little thing called the Global War on Terror, which started in earnest after three thousand Americans were killed on our soil on a single day, which also crippled parts of our economy.
If Obama wants to talk about a "surplus", maybe we can talk about the surplus of terrorist attacks Clinton had, which he sent highly skilled teams of lawyers to fight. The first attack on the World Trade Center comes to mind!
The terrorist attack of 9/11 led to what the Democrats like to whiningly call: "two 'unpaid for' wars". Meanwhile, they've added a third 'unpaid for' war in Libya and a half a dozen "kinetic military actions", so do they not care what the effect of these wars are on the economy, or is it simply OtbB? (Opportunity to bash Bush)
Not content just to ask America to "eat your peas" (while the Commander-in-Chief seems always to be seen with an ice cream cone), Obama tries to relate the problem to all you little people out there who just don't see things his way, so he goes into a "credit card schtick".
Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy
Could? Only could Mr. President?? Where have you been for the last two and a half years??? And a "little"? This country, especially under our current president has spent trillions more than it takes in. The "credit card" analogy is more closely, we have an irresponsible guy who maxes out all of his credit cards and then, refuses to pay the rent or buy groceries unless his credit limits are raised and he can spend more money he doesn't have!
I won’t bore you with the details of every plan or proposal
Which is convenient, since most of Obama's plans and proposals are conspicuously and notoriously short on details of what he'd like to cut...the so called "waste" he keeps promising to find. Remember when candidate Obama told us he was going to go through the budget line by line and eliminate waste,fraud and abuse? I wonder if you can even see a line of the budget from the 17th green?
The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a different approach -- a cuts-only approach -– an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all
So the country has maxed out its credit card and those wascally Wepubwicans are telling you to stop using the card? Imagine that! But, speaking of "an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all"...how about your pal Jeffery Immelt? Immelt, CEO of GE and Obama's hand picked guy for the "President's Council on Jobs and Competitiveness", heads a company that is growing in profitability and yet paid no corporate income tax at all in the US last year. Guess that's one way to stay "competitive", eh, Mr. President? Another way to be more competitive, according to Mr. Immelt is to take even more jobs to China.
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
“A handful’’ of top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare
Well, of course! You want management to be closer to the manufacturing end of it, don't you? There won't be any job "cuts", but I'd bet there won't be many new jobs, at least not here in the States.
The X-ray business, whose financial results aren’t reported separately by GE, will hire 65 new engineers and support staff at a new Chengdu facility
And, of course, if management and engineering and manufacturing are all in China, then it's most certainly a Chinese division of GE. How many of the "millionaires and billionaires" of GE China do you think will be paying their "fair share" of American taxes? Didn't think so!
But the new approach that Speaker Boehner unveiled today, which would temporarily extend the debt ceiling in exchange for spending cuts, would force us to once again face the threat of default just six months from now. In other words, it doesn’t solve the problem
Whoa! You guys keep telling us there is an imminent crisis, a "financial Armageddon" if we "default" on August 2nd., but averting that default "doesn't solve the problem" if it only lasts six months? I've got news for you Barry. Nothing you are proposing will "solve the problem" either. You just don't want anyone talking about the problem you've done nothing to fix and have only exacerbated with your failed economic policies, between now and the 2012 election.
And, as late as 2009, you agreed, Mr. Obama, that you don't raise taxes in a recession, but now you seem pretty hellbent on raising taxes...just to make it "fair"!
But then, the Obama plan is not to raise revenue to pay off the debt. He certainly wasn't concerned about "debt" with his trillion dollar so called "stimulus" plan. He just wants business as usual, so he can spent as much money as he wants supporting his cronies and ideological fellow travelers. You little people insisting that Washington live within its means, like the rest of the country has to do, are just getting in his way.
Here's an idea, Mr. President: How about Washington shares in the sacrifice? After pouring over the budget line by line, (which surely you did because none of your promises come with an expiration date, do they?) are you unable to find a single worthless or wasteful program (other than our military)? Is there no redundant Department of Redundant Redundancy that can be eliminated under your eagle eyes?
Show us that government is willing to "share in the sacrifice" before you ask a single citizen to do with less. Lead by example for a change, Barry! Eat your peas!
Cross posted at LCR, Say Anything.