State of the Union: Dispirited and Anxious

As a public service Liberty Works offers this State of the Union Score Card, a reality check when the President begins to tell America how fortunate we are to be under his authoritarian command “leadership.”

When President Obama steps up to the State of the Union teleprompter Tuesday evening his challenge will be obvious: Try to convince us that our continuing economic stress results from too much liberty, that government, rather than individuals, small businesses and corporations should make more of the economic decisions and “invest” more of the resources.

These ideas will be wrapped in emotionally loaded, focus-group tested phrases about the middle class and “fairness.”  He’ll call on “the rich” to “do their fair share,” code for a  heavier tax burden and a more invasive regulatory burden on businesses, entrepreneurs, and investors.

One of Obama’s likely State of the Union bragging points will be “success” in promoting his “new energy economy,” based on government “investments.”  But in Obama’s world a  government investment is not limited to putting a competitive product in the market place, like a new computer or cell phone, giving customers another option.

Because Obama’s “investments” are prohibitively expensive and therefore uncompetitive energy sources he must, at the same time, reduce the supply and drive up the cost of conventional energy sources.

Just last week Obama once again exercised illegitimate, unconstitutional power to block construction of the Keystone XL oil pipeline, a project that would have been funded entirely by private investments, would have created tens of thousands of jobs, and would have reduced the price of energy in the future by bringing crude oil from Canada to existing refineries in Oklahoma and Texas.  As the fact sheet shows, gasoline has doubled in price in three years and there is no reason to believe it will go down as long as government continues to distort the energy market.

Of course there will be no mention of Solyndra, Obama’s half-billion dollar “investment” in a solar power scam gone sour.

The elephant in the room on State of the Union night will be ObamaCare, the President’s most consequential legislative achievement, and the one he almost never mentions in public.  He probably won’t want to sour the festive mood in the House Chamber by attempting to justify it.   ObamaCare is a major cause of our economic hardships because employers and investors are reluctant to risk their capital to expand and create more jobs until they can better understand its costs and evolving, regulatory horrors.

So far health insurance prices have gone up, and long forgotten by the media and the Washington establishment are the promises Obama made dozens of times in dozens of forums:

  • If you like your current health plan you can keep it
  • ObamaCare will save every family an average of $2,500.

Some 1,400 politically connected companies and unions have been granted temporary waivers from the law’s more odious requirements.  Most of the mandates insurance companies will be compelled to incorporate into their policies and budgets do not become effective until 2014 so it isn’t possible to know how high prices will go.

Barack Obama loves making speeches.  The State of the Union is a majestic showcase for a President to speak before a joint session of Congress, continuously interrupted by applause from partisans seated before him in the historic hall.  He has a staff of talented speech writers will pick just the right words and phrases to smear a thick coat of lipstick on the pig that is his Presidency.  But even with these advantages he must be reluctant to be the front man for such massive failure.

4 Comments so far

  1. NWMcCaib on January 22nd, 2012

    Obama can’t blame Bush any longer. Bush didn’t run up these deficits. Bush didn’t bash small business people and call for tax increases. Bush had his faults but he’s been gone for three years. Time for the blame to fall right square on Obama.

  2. Sam1410 on January 22nd, 2012

    Obama has kept his promises and has brought the economy out of the deep recession and kept us from crashing into a full blown depression. Considering the crisis he inherited from Bush things are going pretty well. 2 million new private sector jobs is Better than losing 700,000 jobs every month, like Bush was.

  3. Daniel Milstein on January 25th, 2012

    That is true. As an author and business man, I can relate to how you said, “These ideas will be wrapped in emotionally loaded, focus-group tested phrases about the middle class and “fairness””. I hope more people discover your blog because you really know what you’re talking about. Can’t wait to read more from you!

  4. Drew on January 25th, 2012

    Daniel –

    As a long time friend of boomerjeff and libertyworks I want to echo your sentiments. This is a fact driven blog site. Yes, Jeff has a political point of view. But I have never known contrary facts to get in the way of his postings. In my parlance he’s an “honest broker.” You can come here and get original and honest viewpoints.

    You would be a welcome reader and commenter.