I first have to warn you this is a long post. It fits our long-winded president , who acts like he is still on the campaign trail. Below are a few quotes from the his “town hall meeting” last week. I could spend days picking this apart. I don’t even know where to begin. So here it goes. If you want to read the text from this meeting click here.
First quote:
“And that’s what we’ve already begun to do. We, as a nation, have already begun the critical work that will lead to our economic recovery. It’s a recovery that will be measured by whether jobs are being created and families have more money to pay their bills at the end of each month. That’s why we’re preventing teachers and police officers from being laid off, and putting Americans to work rebuilding our crumbling roads and bridges and dams, creating or saving 3.5 million jobs in the coming years.”
First, the government never creates jobs, they only create work. Work that ends when the job is over. Work, at the expense of the tax payer. Now those who have lost their jobs on Wall Street, IBM, and other places can look forward to doing construction work.
Next quote:
“And that’s why we’re putting a tax cut into the pockets of 95% of working families who will see it — see that tax cut in their paycheck by April 1st.”
We will all need this money back in our pockets. Too bad it only added up to 30 dollars on our check, and only comes out of withholding, so it will be… you guessed it, taxable. How this will cover the rising costs of goods and services? Can this possible help pay for the rising energy costs that will occur when he passes his cap and trade plan? He must not realize that people pay taxes, not corporations.
Another tidbit:
“This plan is one of the reasons that mortgage interest rates are now at near-historic lows. And we’ve already seen a jump in refinancings of mortgages, and homeowners taking advantage of lower rates. And every American, by the way, should know that up to 40 percent of all mortgages right now are eligible for refinancing.”
He states 40 % can refinance, but according to real estate market reports only 26% of Americans qualify based on the current criteria. Where does Obama get his numbers? There are 52 million homeowners with mortgages; 27 million owe more then the value of their home. Obama’s plan is suppose to help 4 million modify their loans and make it possible for another 5 million refinance. How does this add up to 40%? It is not even 40% of those who are underwater. Just more proof that he does not understand economics. Here is an article that shows all these numbers.
More:
“A lot of that is prompted by the financial crisis and the locking up of the credit markets. And that’s why when we are — when we talk about dealing with this credit crisis and the banks, I just want everybody to understand it’s not because we’re overly concerned about Wall Street or a bunch of CEOs; it’s because if we don’t fix credit, if we don’t get liquidity back to small businesses and large businesses alike who can have that — use that line of credit to buy inventory and to make products and sell services, then those businesses shrivel up and they start laying people off.”
More proof of what an idiot he is when it comes to the economy. He doesn’t even understand what happens during a credit crunch. Hasn’t the use of too much credit gotten us into this mess? Are they laying off because they cant get a loan, or is it that the government is taxing them out of business? It would be interesting to see what would happen if the government just let them keep some of their money. Also, does he even know what the word “liquidity” means? He is equating credit with liquid assets. You can’t make this stuff up!
Let’s keep slogging through:
“Our success will also require freeing ourselves from the dangerous dependence on foreign oil by building a clean-energy economy, because we know that with this will not only come greater security and a safer environment, but new high-paying jobs of the future to replace those that we’ve lost.”
Where are these high paying jobs being created? The work his plan creates are all related to building roads, windmills, and solar panels or laying electric lines. (For full details on these, read the transcript.) When have these jobs ever been high paying? Unfortunately for those looking for these high-paying jobs, he answers this in his next quote:
“All this can be done, but it also creates jobs right now. Our biggest problem, we don’t have enough electricians to lay all these lines out there. And these are jobs — these are union jobs that potentially pay $80,000-$90,000 a year, with benefits. But it’s a matter of making the investment in infrastructure and also then training the workers to be able to get those jobs. And that’s where we’re going to be focused on. That’s where the job growth is going to occur.”
These jobs are high paying because unions are involved. Look at what unions have done to the auto industry. We will be funding another group of overpaid union workers. Does anyone wonder what this will actually cost the tax payers? It is not sustainable, just look at where he United Kingdom is headed. His plan is to replace non-union jobs with union jobs, which will be bad for us all. He reinforces this further in the next snippet:
“Now, a lot of the outsourcing that was referred to in the question really has to do with the fact that our economy — if it’s dependent on low-wage, low-skill labor, it’s very hard to hang on to those jobs because there’s always a country out there that pays lower wages than the U.S. And so we’ve got to go after the high-skill, high-wage jobs of the future. That’s why it’s so important to train our folks more effectively and that’s why it’s so important for us to find new industries — building solar panels or wind turbines or the new biofuel — that involve these higher-value, higher-skill, higher-paying jobs.”
Here in New York and New Jersey, engineers and other high paying positions have been lost because their companies have moved out of the country. Are these the low-wage, low-skill labor jobs he referred to? It is a direct reference to the 5000 employees who were laid off from IBM. His plan is to replace these high-paying, non-union engineering jobs with high paying, high skill jobs building solar panels. Their current skills, and college degrees have prepared them well for these jobs. And if not he will train them for their new job.
Moving on to education:
“So a lot of times in Washington we get an argument about money versus reform. And the key thing to understand about our education system is we need more resources and we need reform. If we just put more money into a system that’s designed for the 19th century and we’re in the 21st, we’re not going to get the educational outcomes we need. On the other hand, if we talk a lot about reform but we’re not willing to put more resources in, that’s not going to work.”
Spending per pupil has never proved to correlate with providing a better education. Washington DC is a perfect example of this. They spend more per pupil than most places in the U.S., yet have some of the worst results in the country. He put a big emphasis on early education, from the cradle on and that kids no longer need a summer to work on the farm. How much time do they need to indoctrinate children? One good thing that might come from this is an unhappy generation of kids who will never get a break. They might grow up wanting some real change.
This is just the tip of the iceberg. This doesn’t even begin to touch the amount of bull from this “town hall meeting”. I could go on and on, but I will leave you to read it and find for yourself his plans for our future.