State of the Union

Last night we heard the president supposedly discuss the state of the union, but instead he ignored the country’s problems and used the speech for the usual political rhetoric that we have heard for 6 years. 

Now after 6 years of what he calls a growing economy, he has decided to help the middle class.  But what I do not understand is if the economy is so great as the president claims, then why all this concern about the middle class since they should be enjoying such great success.  Well, if the truth was told, the president would tell you that the labor participation rate is the lowest in nearly 40 years, unemployment is below 6% because either people have dropped out of the work force or have taken a part-time job or a low paying job that does not and will not improve their financial situation. 

This president also wants to claim his policies are responsible for low gasoline prices.  However, his administration has reduced drilling on government lands, and applied restrictions for those that want to drill on government land.  However, all the oil boom from the Dakota’s is on private lands through what we know as fracking, to the dismay of President Obama.   But, he will claim this for his administration. If this president ever does the truth, half this country will suffer cardiac arrest. 

Again, we heard what we should be use to now, the usual tax and spend leftist rhetoric.  This president took office when our total deficit was only $10 trillion dollars and through his great economic policies we now have a total deficit over $18 trillion and under his polices will increase to over $20 trillion unless he is stopped.  We cannot continue on the path.  If we do, we will go bankrupt.  And who will suffer?  Besides everyone, the younger generation that will have to live with wage decreases, high employment and inflation beyond comprehension.  Instead of attempting to go on spending, this president should be reducing spending and our deficit.  By way, when he was running for president in 2008, he called it unpatriotic when our deficit was a mere $8 trillion.  What would he call it today?  He will just blame the republicans or anyone else, but not his policies.  Socialism and Marxism polices combined with wealth distribution will destroy any country, because you eventually run out of other people’s money. 

He wants to increase taxes on the rich or the top 1% that pay nearly 40% of the tax bill already.  Again you can only tax so much before it does not work.  Increases taxes on businesses will also increase unemployment.  That is common sense as a business person has to make a profit to improve his business as well as provide his family with an income.  Under Obama’s plan, tax those who make money to give to those who do not.  Eventually, people will stop paying for those who do not work hard and then what?

If you listened to his speech, you also learned or should I say did not learn anything on the terrorist threats throughout the world.  This president and his administration still cannot and will not say, Radical Islamic Terrorism.  God forbid we upset these radicals as if we are accusing all Muslims of being terrorist.  No, just about 50 million who think that way.

Under Obama’s administration, the rich got richer by simple mathematics.  With the FED doing QE (Quantum Easing ), (essentially printing money) that keeps interest rates low and so the only place to put you money to grow is the stock market.  Interest on bonds are down and not a good investment.  Keeping your money in a savings account will not grow you money either.  So, the stock market grows at the expense of the middle class who under this economy are lucky to have an income at all.  So investing in the market is not on their priority list.  That is why the FED must be stopped and their books opened.  Remember, as I said many times, the FED is not a government agency, but a private corporation.  What you want to know, is who makes up this private corporation?  It is not you or me.  If the FED would stop this QE and allow interest rates to rise, the stock market would decline and would the Wall Street want that?  What Obama says, always look at the opposite.  That is why, when he wants to go after the rich, it is really the middle class that suffers.

President Obama is responsible for the growing $18 Trillion debt, the high unemployment that is really more like 9.6% if you include those who dropped out and those who are working part-time.  Oh yeah, increasing the minimum wage will put more on the unemployment line.  The minimum wage was not established as a wage to live on, but more for part-timers, and those young people working after school.  So, don’t be fooled by this foolish rhetoric.  It will kill jobs and increase the use of electronics replacing humans. 

What we need is an actual cut in spending, eliminating many government agencies. (Education, EPA, Energy etc.)  These agencies were established by President’s Nixon and Carter, so they have not been around long.  Also, we need a move to a flat tax of 17%, no tax on the first $25,000 to $35,000 income, no tax on SS to help seniors.  Also, this 17% will also pay for Medicare and SS deductions rather than coming out of your pay check.  Imagine, if everyone paid the 17% that would be equality that this president talks so much about.  If you make $1 million, you pay$170,000 in taxes and if you make $50,000, minus the $25,000 or $35,000 you can see that the more you make, the more you will pay in taxes.  Now that is fair.