Wednesday, January 26, 2011

President Barack Obama Delivers GE Infomercial; Wants "Budget Freeze" and "Much More Spending"

Washington DC. Jan 26, 2011. In an unexpected and shocking move, President Barack Hussein Obama, D-Kenya, scrapped the "State of the Union" concept and delivered an infomercial for GE instead during last night's speech.

The President spoke ambitiously of putting money into high tech windmills, green research, high-speed rail and other GE initiatives in his State of the Union speech.

He pointed to the transportation and construction projects of the last two years and proposed "we redouble these efforts."

And then he combined his request for "much more spending" with a call to "freeze annual domestic spending for the next five years." Two seemingly opposite goals.

President Obama offered many more examples of where he would increase spending  than where he would cut it. He is asking for the impossible by demanding much higher spending levels, while simultaneously saying he will freeze spending.

Fortunately for the President, most of his most ardent fans are incapable of understanding the math. And the public schools are working hard to make sure that future voters are similarly unable to add up numbers.

Some of his suggestions were recycled from last year's SOTU address, and were never implemented by him, even though he had super majorities in both houses of Congress.

New Presidential Logo?
Last night, he said he wants to eliminate "billions in taxpayer dollars we currently give to oil companies." But he made the exact same promise last year and failed to implement it. He sought $36.5 billion in tax increases on oil and gas companies over the next decade, but his own Democrat Congress completely ignored the request.

The President said he will tackle the deficit, but this will mean "further reducing federal health care costs, including programs like Medicare and Medicaid, which are the single biggest contributor to our long-term deficit.

If anything, Obamacare will ramp up federal spending to new record levels, by including 39 million previously uninsured people. There is simply no way it will cost lest to insure more people, because the Obamacare Bill deals with expanding entitlements, and not with cost control.

Another recycled promise from last year was "to veto any bills sent to him that include "earmarks." He told us "Both parties in Congress should know this: If a bill comes to my desk with earmarks inside, I will veto it."

But Obama ignored his own promise last year, and signed plenty of earmark-laden spending bills when Democrats controlled both houses. In fact, new records were set for the number of earmarks and the huge cost they added to the deficit.

Last year he told us "I'm willing to look at other ideas to bring down costs, including one that Republicans suggested last year: medical malpractice reform to rein in frivolous lawsuits." But his own party never allowed any tort reform bill to come to a vote. Making it pretty difficult for the President to "look at it."

Obama has expressed openness before to this prominent Republican proposal, but it has not come to much. It was one of several GOP ideas that were dropped or diminished in the health care law after Obama endorsed them in a televised bipartisan meeting at the height of the debate.

Trial lawyers, who are major political donors to Democratic candidates, are strongly opposed to caps on jury awards. But President Obama  has refused to support any type of tort reform, even after saying he would consider it.

GE Windmill Farm
GE High Speed Railroad

1 comment:

  1. OBAMA IS CARV ING OUT A NICHE FOR HIMSELF ON THE G E BOARD OF DIRECTORS IF FOR ANY ONE OF SEVERAL TRILLION REASONS, HE SHOULD NOT GET RE-ELECTED.

    ANONYMOUS ED

    ReplyDelete