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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Gov Daniels made more sense in 15 minutes than Pres BO's "shameless 90 minute class warfare" speech

Pres BO delivered his 4th, and hopefully last, State of the Union address.  

It featured more of the same: Let's tax the rich and blame everybody else.   In other words, "shameless class warfare" that divides us between rich and poor, black and white, Hispanic and non-Hispanic, boss and employees, etc.

After the speech, Gov Daniels of Indiana gave the GOP response and the contrast was rather amazing.

Pres BO blamed Republicans although the Senate is actually controlled by Democrats.

He said nothing about Solyndra, other loan guarantees to companies going under and not a word of how 2,000 guns ended up in the hands of Mexican cartels.

At the end of the day, we heard another speech full of slogans and cliches but little about restoring confidence in the economy.

Gov Daniels reminded us that the private sector creates jobs not government.  He spoke eloquently about Pres BO's mistakes, such as tying up $787 billion in a stimulus that did not stimulate OR a very unpopular health care program that a majority (52%) wants to repeal.

Joseph Curl has a great column today.  I hope that you read it before the speech last tonight:

"There is one person — one American among the 300 million of us — who is not to blame for the state of the union. Everyone else, each of you, in some small or large way, bears some share of the blame, but not this guy. Not one little bit.

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