Wednesday, January 25, 2012

Pres BO's speech: Not a word about entitlement reform or debt reduction!



Last night, I watched a Luntz Focus Group discuss Pres BO's speech.  The bottom line is that all of this "hope and change" and "poll tested cliches" are not working anymore.

It is not working because Pres BO is not proposing solutions to real problems.  He is not proposing anything bold.  It is the same stuff that we heard in the campaign.  It is "hope and change" but we need solutions.

Pres BO did not talk about the federal budget deficit, i.e. over a $1 trillion.  We remind you that our federal budget deficit relative to GDP was 3% under Pres Bush and almost 10% under Pres BO.  In other words, the deficit has TRIPLED!

Pres BO did not talk about soaring health care costs.  BO-Care is now in the Supreme Court because 26 states have filed a lawsuit against the proposal.  From Florida to Texas, the states are in rebellion because the federal government keeps imposing mandates that they have to pay for!

Pres BO did not talk about the looming Social Security and Medicare crisis.  We desperately need entitlement reform because these programs are unsustainable.  We are not Greece but we are heading in that direction.

Pres BO spoke of new energy resources but killed the Keystone Pipeline.

Pres BO used Mr Buffet's secretary to score an awful "class warfare" point.  She pays income taxes but Mr Buffet is earning money from investments.  The difference is critical.  The difference is also essential to attract investment.  

The bottom line is that Pres BO needs to stop lying about who pays taxes in the US.  As we've posted before, the top 1% pay 37% of all of the income taxes.  This "class warfare" is awful demagoguery that will only divide the nation and promote envy between groups.   

We add that our current laws do not prevent Pres BO and other rich Dems from paying more taxes than they are required to pay.  Maybe Pres BO, the Kennedys, the Kerrys, Mr Buffet and other very rich "Hollywoodies" who lean left, can set the example by mailing in more tax payments than they are supposed to. 

Pres BO spoke about fairness.  However, Solyndra, and other companies, got loan guarantees because the investors were big Obama campaign contributors.

Last, but not least, we are all very happy that Bin Laden is dead.  Nevertheless, it would have been nice if Pres BO had given Pres Bush a little credit for starting the process and "water boarding" the terrorists who told us where Bin Laden was hiding.

At the end of the end of the day, this is a campaign speech intended to distract voters about the Obama record.  Again, it did not work with the Luntz Focus Group that watched the speech last night.  In fact, the disappointment with Pres BO was profound, specially among those who voted for him.

Did you get the feeling that you've heard some of these lines before?  You have:


Check out our Wednesday commentary on the speech:


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