A Series of Unfortunate Blogs: Part V–More Mocking of Obama’s Economic Policy

A few said you really like my mocking of the President Jackass. So I thought his laughable speech on his economic plan would be a good follow up.

Let me first say that the White House transcript originally had “(applause)” statements written throughout the speech. Who puts in the number of times his comments were applauded? This man is so ungodly arrogant that he has to put in overtime on audience applauds. Narcissus wasn’t as infatuated with himself as this man is. (I have mercifully redacted all applause cues).

THE PRESIDENT: Thank you, Ohio! Thank you, Cleveland! Thank you so much. Thank you very much, everybody. Everybody, please have a seat. Have a seat. We’ve got some business to do today. Thank you very much.
Yes, thank you Ohio for the fact that in a recent poll Ohio said it would prefer to have George W. Bush as president over Obama. Granted I’m not thrilled with either of those choices, but it is all too clear that Ohio does not love Obama.

AUDIENCE MEMBER: We love you!
Clearly this audience member is not up on the news about that poll. But what a shock that Obama supporters aren’t the most well informed.

THE PRESIDENT: I love you back. Thank you.
Well at least he had the taste to not say “I love me too.” I’m also just a little surprised he was able to form two whole sentences without the help of his teleprompter. But they were short sentences.

Before we get started I want to just acknowledge some outstanding public servants who are here. First of all, somebody who I believe is one of the finest governors in this country — Ted Strickland is here. The lieutenant-governor and soon-to-be junior senator from the great state of Illinois — or Ohio — I was thinking about my own home — Lee Fisher is here.
I used to hear that line all the time about “senator from Illinois” — that would be me.

See what happens when he takes his eyes off the teleprompter for even a minute, he forgets what state he is in. That’s also a real complement to the people of Ohio, ‘I’m here in Ohio and all I can think about is getting the hell out of here and back to Illinois.’ Don’t worry Barrack you’re going to get sent back to Illinois in January of 2013.

Outstanding mayor of Cleveland, Frank Jackson is here. The mayor of Parma, Dean DePiero. Somebody who is fighting for working families each and every day, Senator Sherrod Brown is here. And three of the hardest-working and finest members of the House of Representatives — Dennis Kucinich, Marcia Fudge, and John Boccieri.
Did he really just call Dennis Kucinich, the psychotic socialist gnome, that makes most Democrats look conservative by comparison, ‘one of the finest members of the House.’ I have a low opinion of members of the House of Representative, even lower of the Democratic members, but to say that Dennis Kucinich is one of the finest members of the House is an insult no Congressman should have to endure. I don’t think I could find 10 members of the House who are worse for this country than Kucinich. Someone should tell Obama there is being polite and then there is making less sense a Kubrich. film. This statement falls into the latter category.

Good afternoon, everybody. It is good to be back in Ohio.
As stated above Ohio clearly doesn’t feel the same way. Ah, is there anything so sad as unrequited love…

You know, in the fall of 2008, one of the last rallies of my presidential campaign was right here in the Cleveland area. It was a hopeful time, just two days before the election. And we knew that if we pulled it off, we’d finally have the chance to tackle some big and difficult challenges that had been facing this country for a very long time.
Challenges like a lingering economy and freedom, challenges like actually winning in Iraq and Afghanistan. Challenges like standing up to tyrannies and terrorists like N. Korea, Iran, and China. And Barrack is here to tell you that he not only tackled our chances of coming out on top, but he shived those chances of winning in the kidney just to be sure we’d lose.

We also hoped for a chance to get beyond some of the old political divides -– between Democrats and Republicans, red states and blue states -– that had prevented us from making progress. Because although we are proud to be Democrats, we are prouder to be Americans -– — and we believed then and we believe now that no single party has a monopoly on wisdom.
No, no party has a monopoly on wisdom…but your policies seem to suggest that you haven’t even invested in it.

That’s not to say that the election didn’t expose deep differences between the parties.
Was he unaware of them before? I mean he hadn’t been in the Senate all that long, but was he really that obvious to the fact that Republicans and Democrats supported other things. Did it really take the 2008 election for him to notice?

I ran for President because for much of the last decade, a very specific governing philosophy had reigned about how America should work: Cut taxes, especially for millionaires and billionaires. Cut regulations for special interests.
As opposed to your ideal of give money, subsidies and legal protection to special interests…

Cut trade deals even if they didn’t benefit our workers. Cut back on investments in our people and in our future -– in education and clean energy, in research and technology. The idea was that if we just had blind faith in the market, if we let corporations play by their own rules, if we left everyone else to fend for themselves that America would grow and America would prosper.
He’s right, and who was behind a lot of that…oh that would the Democratic controlled Congress. That and as I think I’ve made very clear Bush was no real conservative.

And for a time this idea gave us the illusion of prosperity. We saw financial firms and CEOs take in record profits and record bonuses. We saw a housing boom that led to new homeowners and new jobs in construction. Consumers bought more condos and bigger cars and better TVs.
All of which was supported and protected by the Democrat members of Congress who repeatedly stopped attempts to regulate the housing, banking, and finance industries.

But while all this was happening, the broader economy was becoming weaker. Nobody understands that more than the people of Ohio. Job growth between 2000 and 2008 was slower than it had been in any economic expansion since World War II -– slower than it’s been over the last year. The wages and incomes of middle-class families kept falling while the cost of everything from tuition to health care kept on going up. Folks were forced to put more debt on their credit cards and borrow against homes that many couldn’t afford to buy in the first place. And meanwhile, a failure to pay for two wars and two tax cuts for the wealthy helped turn a record surplus into a record deficit.
And most of those costs increase were caused by the government interference in the economy. And loans were encouraged by the government. And Ohio has slow growth because it is one of the least business friendly states in the nation. The number of regulations, forms, and licenses you have to get to open a business is insane, no wonder jobs left Ohio.

I ran for President because I believed that this kind of economy was unsustainable –- for the middle class and for the future of our nation. I ran because I had a different idea about how America was built. It was an idea rooted in my own family’s story.
You see, Michelle and I are where we are today because even though our families didn’t have much, they worked tirelessly -– without complaint -– so that we might have a better life. My grandfather marched off to Europe in World War II, while my grandmother worked in factories on the home front.

(would that be the grandma you threw under the bus as being a racist?)
I had a single mom who put herself through school, and would wake before dawn to make sure I got a decent education. Michelle can still remember her father heading out to his job as a city worker long after multiple sclerosis had made it impossible for him to walk without crutches. He always got to work; he just had to get up a little earlier.
(This is more a complaint against all politicians, stop telling me your life stories over and over again. It has gotten goddamn bloody boring. I don’t care about what kind of people your parents or grandparents were. One thing I have learned is that people are not their parents, nor should they be judged by what kind of people their parents were, for good or bad. And someone who only defines themself by their parents clearly has no true personal moral compass.)

Yes, our families believed in the American values of self-reliance and individual responsibility, and they instilled those values in their children.
Damn shame it didn’t stick.
But they also believed in a country that rewards responsibility;
Barrack it rewards it with a pay check…not a welfare check. And when we say the “country rewards” the rest of us meant the idea of America and the economic system…not the government.
a country that rewards hard work; a country built on the promise of opportunity and upward mobility.
When was there a promise of upward mobility? I seemed to remember a promise of opportunity, not a promise, to move up. It is up to the individual to find and use those opportunities (opportunities which Barrack’s policies are hindering).

They believed in an America that gave my grandfather the chance to go to college because of the GI Bill; an America that gave my grandparents the chance to buy a home because of the Federal Housing Authority; an America that gave their children and grandchildren the chance to fulfill our dreams thanks to college loans and college scholarships.
Wow, a list of government entitlements, now that’s the Obama I’ve come to know and loathe.

It was an America where you didn’t buy things you couldn’t afford; where we didn’t just think about today -– we thought about tomorrow.
What? And does he think we had the money to pay for all of those entitlements and all the other crap that FDR and Truman shoved down our throat. And as I recall that’s the generation that gave us the credit card, the definition of buying things you couldn’t afford. And as I recall the previous generation which had so much fun in the stock market by buying stock on margin. Obama like so many people has an idealized golden view of a past that never existed.

An America that took pride in the goods that we made, not just the things we consumed. An America where a rising tide really did lift all boats, from the company CEO to the guy on the assembly line.

One, keeping up with the Jones has been around as long as there has been a middle class, so for better or worse (often worse) it’s always been stupid people who only cared about what you consumed. Second the rising tide thing still goes on, at least it does when the government gets his idiots hands out of the way.

That’s the America I believe in. That’s the America I believe in.
In other words a pseudo-socialist ideal America that never existed. I love it when someone bases their whole presidential policy on idealized childhood memories.

That’s what led me to work in the shadow of a shuttered steel plant on the South Side of Chicago when I was a community organizer. It’s what led me to fight for factory workers at manufacturing plants that were closing across Illinois when I was a senator. It’s what led me to run for President -– because I don’t believe we can have a strong and growing economy without a strong and growing middle class.
Too true…now when did the middle stop growing…oh that’s right when LBJ began his great society…so, Barrack are you going to roll back all of LBJ’s socialist bull? No? Well don’t be surprised when the middle class continues to contract.

Now, much has happened since that election. The flawed policies and economic weaknesses of the previous decade culminated in a financial crisis and the worst recession of our lifetimes. And my hope was that the crisis would cause everybody, Democrats and Republicans, to pull together and tackle our problems in a practical way. But as we all know, things didn’t work out that way.
Probably because your plans only made things worse. And wimps and losers that the GOP might be, not all of them could just goose-step in line to your insanity. Also does this man understand that everything about the Constitution was designed to be adversarial and inefficient? That it was intentionally set up so that people would argue and not just follow?

Some Republican leaders figured it was smart politics to sit on the sidelines and let Democrats solve the mess.
…Cause that plan has worked never.

Others believed on principle that government shouldn’t meddle in the markets, even when the markets are broken. But with the nation losing nearly 800,000 jobs the month that I was sworn into office, my most urgent task was to stop a financial meltdown and prevent this recession from becoming a second depression.
Well, when it’s government meddling that caused the meltdown can you blame them?

And, Ohio, we have done that. The economy is growing again. The financial markets have stabilized. The private sector has created jobs for the last eight months in a row. And there are roughly 3 million Americans who are working today because of the economic plan we put into place.
Just because you say it, doesn’t make it true, Barrack. The economy is not better off because of what you’ve done and most intelligent economists agree (obviously Paul Krugman isn’t in that category) that your policies are going to make it worse.

But the truth is progress has been painfully slow.
Progress in what direction?
Millions of jobs were lost before our policies even had a chance to take effect. We lost 4 million in the six months before I took office. It was a hole so deep that even though we’ve added jobs again, millions of Americans remain unemployed. Hundreds of thousands of families have lost their homes. Millions more can barely pay the bills or make the mortgage. The middle class is still treading water, and those aspiring to reach the middle class are doing everything they can to keep from drowning.
Mostly because the government keeps killing opportunity and doing things that make what money they have worth nothing. Hint…. devaluing our money and keeping the Fed prime rate at 0 is not going to encourage long term growth.

And meanwhile, some of the very steps that were necessary to save the economy -– like temporarily supporting the banks and the auto industry -– fed the perception that Washington is still ignoring the middle class in favor of special interests.
Because it was. And because those didn’t save us, those just continued the problem without solving it. For instance letting the auto-unions and by extension continue to hold this country hostage to their demands helps no one…well it help the very rich heads of the unions and it helps the Democrat politicians they pay off, but it really doesn’t help anyone else.

And so people are frustrated and they’re angry and they’re anxious about the future. I understand that. I also understand that in a political campaign, the easiest thing for the other side to do is to ride this fear and anger all the way to Election Day.
Yeah, cause you and your party suck. If you hadn’t noticed people are pissed with the Republicans too.

That’s what’s happening right now. A few weeks ago, the Republican leader of the House came here to Cleveland and offered his party’s answer to our economic challenges. Now, it would be one thing if he had admitted his party’s mistakes during the eight years that they were in power, if they had gone off for a while and meditated, and come back and offered a credible new approach to solving our country’s problems.
Eight years? I don’t recall Bush having a Republican Congress for eight years? Oh…because he didn’t. It was your god-awful party Barrack that controlled Congress for most of that time.

But that’s not what happened. There were no new policies from Mr. Boehner. There were no new ideas. There was just the same philosophy that we had already tried during the decade that they were in power — the same philosophy that led to this mess in the first place: Cut more taxes for millionaires and cut more rules for corporations.
Uh, we’ve never really tried cutting the rule for corporations, we just shift the rules from one category to another….and we never seem to have rules on the right things (that’s a hit on both parties by the way).

Instead of coming together like past generations did to build a better country for our children and grandchildren, their argument is that we should let insurance companies go back to denying care for folks who are sick,
Well you know if you actually did Tort reform like Bush wanted doctors and insurance companies would be bleeding costs in frivolous lawsuits maybe they could make a profit without having to reduce coverage.
or let credit card companies go back to raising rates without any reason.
You know Congress has the authority to limit the rates that credit card companies can charge, but I’ve yet to hear Barrack suggest that we put a cap on those rates…could it be all those campaign donations he got from the banks…no it couldn’t be that.
Instead of setting our sights higher, they’re asking us to settle for a status quo of stagnant growth and eroding competitiveness and a shrinking middle class.
No that’s what you’re asking for. You’re just hoping we don’t look at the man behind the curtain and ask who is really responsible here.

Cleveland, that is not the America I know. That is not the America we believe in.

All Hail the People’s Republic of America!

[…for the sake of brevity I’ve just got to start cutting some of this out, believe me I could contradict everything he has to say, but it gets repetitive…]

That means making sure corporations live up to their responsibilities to treat consumers fairly and play by the same rules as everyone else. Their responsibility is to look out for their workers, as well as their shareholders, and create jobs here at home.
No that would be the market’s responsibility. Because if companies that didn’t do those things weren’t propped up by corporate welfare they would naturally go under.

[…more meaningless rhetoric and blaming the Republicans for everything…]

Let me give you a few specific examples of our different approaches. This week, I proposed some additional steps to grow the economy and help businesses spur hiring. One of the keys to job creation is to encourage companies to invest more in the United States. But for years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries. I want to change that. I want to change that. Instead of tax loopholes that incentivize investment in overseas jobs, I’m proposing a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation they do right here in Ohio, right here in the United States of America.
That’s the problem you idiot! Just make flat taxes for everyone, everyone pays the same taxes and the market will work itself out. A government cannot possibly make the millions of judgments that go into the market everyday as fast as the market can adjust itself. Tax breaks for certain sectors is trying to predict where jobs will grow next and where to encourage that growth, and for one person in the government or even a body like Congress to predict where the billions upon billions of market decisions will be even next month is like trying to predict the exact weather forecast for July 23rd 2054, it can’t be done. The market however isn’t one person reacting and predicting, it is millions of people each acting with what knowledge of what they have and what they need, and they know that better than anyone. Will there be mistakes, yes. But they’ll be small mistakes and effects will be low. If the government makes a mistake in its prediction by even a small amount it can cause catastrophe which is why the government needs to stay out. It cannot possibly encourage growth like the Invisible Hand can.

And does this man not understand that there is no longer an American economy or a British economy or Mexican economy. There is only the economy, it doesn’t know national boundaries, it can be hurt by them, but it doesn’t stop them. When we outsource we get cheaper things, and they get money. Money to buy things made in America, money to be reinvested in new business ventures either overseas or in America. Protectivist trade barriers like the ones he is talking about.

And I’m proposing that all American businesses should be allowed to write off all the investment they do in 2011.
Oh great, so there is no punishment for making bad business investments or having to carefully choose where to invest in…That will work well.

And this will help small businesses upgrade their plants and equipment,
More subsidies, I’m sure that will lead to responsible long lasting business designs.
and will encourage large corporations to get off the sidelines and start putting their profits to work in places like Cleveland and Toledo and Dayton.
Okay get rid of red tape, bureaucracy and oversight of meaningless things. Or is he planning to fire more CEO’s if they don’t agree with him?

Now, to most of you, I’ll bet this just seems like common sense.
No not really. Madness perhaps. But just calling it common sense doesn’t mean it is.

But not to Mr. Boehner and his allies. For years, Republicans have fought to keep these corporate loopholes open.
Oh, your party didn’t?
In fact, when Mr. Boehner was here in Cleveland he attacked us for closing a few of these loopholes -– and using the money to help states like Ohio keep hundreds of thousands of teachers and cops and firefighters on the job.
Maybe because he has some basic knowledge of economics, which you clearly don’t.
Mr. Boehner dismissed these jobs we saved –- teaching our kids, patrolling our streets, rushing into burning buildings -– as “government jobs” -– jobs I guess he thought just weren’t worth saving.
One, the public school teachers in Ohio suck, so they probably needed to go. Two, firefighters and police are paid by cities not the Federal government…or have you just decided to take over everything Barrack?

And I couldn’t disagree more. I think teachers and police officers and firefighters are part of what keeps America strong.
Again you, this protection of public school teachers isn’t even remotely warranted.

And, Ohio, I think if we’re going to give tax breaks to companies, they should go to companies that create jobs in America -– not that create jobs overseas. That’s one difference between the Republican vision and the Democratic vision. That’s what this election is all about.
How about no tax breaks to anyone for any reason. Just simple flat rates. And then let the market handle the rests. That’s the only thing that will work.

[…he rambles on about infrastructure, taxes and how evil Republican are…]

In fact, if the Republican leadership in Congress really wants to help small businesses, they’ll stop using legislative maneuvers to block an up or down vote on a small business jobs bill that’s before the Senate right now. Right now. This is a bill that would do two things. It would cut taxes for small businesses and make loans more available for small businesses. It is fully paid for, won’t add to the deficit. And it was written by Democrats and Republicans. And yet, the other party continues to block this jobs bill -– a delay that small business owners have said is actually leading them to put off hiring.
Cause specific tax cuts and government loans do not encourage successful businesses…only the market does that. And when he says it’s fully paid for…if you’re personally a hundred grand in debt, win a twenty grand lottery and then go and buy a car with that cash, yes it’s fully paid for…but wouldn’t that money have better been spent on paying off the rest of your debt instead of buying something new? So if this program is fully paid for why don’t we pay off part of our debt, thus making the dollar more stable and worth more thus meaning that things in real terms will cost less, which means it will be easier for people to get loans from banks and start their own businesses…

Look, I recognize that most of the Republicans in Congress have said no to just about every policy I’ve proposed since taking office.
Primarily because all of your ideas are stupid.
I realize in some cases that there are genuine philosophical differences. But on issues like this one — a tax cut for small businesses supported by the Chamber of Commerce — the only reason they’re holding this up is politics, pure and simple.
No it would be that economics says it bad economics. And the Chamber of Commerce is a special interest, not necessarily real businesses owners.
They’re making the same calculation they made just before my inauguration: If I fail, they win. Well, they might think that this will get them to where they want to go in November, but it won’t get our country going where it needs to go in the long run.
Yes because getting us moving in the right direction won’t happen until you leave office and both houses are filled with members who understand that government ISN’T there to actually do a lot.

It won’t get us there. It won’t get us there. It won’t get us there.
Sounds like a petulant child when you just read it doesn’t it.

So that’s the choice, Ohio. Do we return to the same failed policies that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out?
I say we get rid of the failed policy (i.e. Barrack Obama and all traces of socialism).

[…he goes on but he doesn’t really say anything of value…]

Thank you. God bless you. And may God bless the United States of America.
I can’t remember, have other Presidents used the conditional “may God bless America,” because I don’t remember them ever using a conditional phrase as if God may not be on our side. (I could easily be wrong about this one)

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Filed under Capitalism, Economics, Government is useless, liberal arrogance, Obama

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