Check out these very telling headlines in advance of President Obama’s 2015 State of the Union address. Hint: It ain’t pretty!
President Obama on Tuesday offered up a new kind of “starter” retirement accounts aimed at employees of companies that don’t offer such plans. Obama is calling them the “MyRA” and said he would, by executive order, direct the Treasury Department…
In recent years, the Tea Party and Official Republican responses to the State of the Union speech haven’t always relayed the same message. Featuring prospective presidential candidates Senator Marco Rubio and Rand Paul, this year could have easily devolved into a cockfight over isolationism versus interventionism. But instead, both Republicans largely read from the same hymnal of economic growth and prosperity. Both agreed that more government is not the answer.
“This opportunity – to make it to the middle class or beyond no matter where you start out in life – it isn’t bestowed on us from Washington. It comes from a vibrant free economy where people can risk their own money to open a business. And when they succeed, they hire more people, who in turn invest or spend the money they make, helping others start a business and create jobs. Presidents in both parties – from John F. Kennedy to Ronald Reagan – have known that our free enterprise economy is the source of our middle class prosperity. But President Obama? He believes it’s the cause of our problems.”
“Economic growth is the best way to help the middle class. Unfortunately, our economy actually shrank during the last three months of 2012. But if we can get the economy to grow at just 4 percent a year, it would create millions of middle class jobs. And it could reduce our deficits by almost $4 trillion dollars over the next decade. Tax increases can’t do this. Raising taxes won’t create private sector jobs. And there’s no realistic tax increase that could lower our deficits by almost $4 trillion. That’s why I hope the President will abandon his obsession with raising taxes and instead work with us to achieve real growth in our economy.”
“What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous.
What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations.
He described a limited government that largely did not interfere with individuals and their pursuit of happiness.
All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and eat it too, that you can spend a trillion dollars every year that you don’t have.”
Bad news for President Obama — and I don’t just mean on the economy, either.
Millions of fellow political
nerds junkies like myself participated in an online audience reaction in addition to live tweeting as the president spoke. While Mr. Obama pontificated on higher taxes to pay for more spending, bigger government programs and a stern finger wagging at business owners and the successful, we gave a live reaction.
The results weren’t too great for the president, who struggled to reach 50% approval even among viewers of his own Party.
Despite the collective yawn from his audience, President Obama still did manage to win praise from his media cheerleaders. Maybe they can convince Americans to love the speech as much as they did? From the looks of it, their work is cut out for them.