President Obama recently delivered his last State of the Union Address prior to his re-election campaign.
He said that the state of the economy is strengthening. But the Federal Reserve doesn’t agree with that. They came out and said that they were committed to keeping interest rates low until 2014.
Obama said that we needed to be careful not to return to the policies of the past that caused the bubble and collapse. But the reasons that we got into this mess are still here and worse than ever.
Obama also wants the government to get even more involved in the housing market. Obama and the Federal Reserve are now bringing this country toward a greater disaster than the one that he thinks he solved.
Obama talked about new ways for the government to spend money. He never brought up the problems in Europe or the fact that we are broke. He only talked about the 1% that he wants to raise taxes on.
Government spending is going to keep on growing until we fall off a cliff. But the president said that we owe our success as a nation to the fact that we work together as a team. But that isn’t true. We are individuals. We have a Bill of Rights to protect individuals. We have individual property rights. These aren’t team rights.
Companies aren’t formed to create jobs. They are there to make a profit. People don’t sacrifice and create businesses in order to give paychecks to other people. They go into business to make money for themselves, and any jobs that they create is a beneficial side effect.
We need to lower taxes and reduce the regulations on companies. This is what needs to be done to create jobs. Lower the price of labor for them.
Obama also wants to extend more money to students in order to pay for the higher tuitions. Then he begged colleges to stop raising their tuitions. But the only reason that they raise their tuition is because the government is subsidizing their customers.
This country is in decline because of Obama. More countries and people around the world understand the problems we are having, and we are becoming the laughing stock of the world.
One of the reasons Obama says we can’t solve the problems we are in is because the Republicans are clinging to “rigid ideologies”.
Yes, they are clinging to ideas of capitalism, freedom, liberty, and sound money. Are those the ideologies that he wants the Republicans to abandon?
The State of the Union is precarious. Obama and the Congress are working toward pushing it over a cliff.
Gold shot up over $50 when the Federal Reserve announced that they will keep interest rates low for the next 3 years.
According to Ben Bernanke, it is too dangerous to keep inflation under 2%, because he is afraid of having a deflationary year.
The real reason for keeping interest rates at zero for as long as the eye can see is to artificially support a phony economy. Contrary to what Obama thinks, this economy is a disaster waiting to happen.
The economy will have to correct all the mistakes that the government is making. The next crisis will be much greater and will inflict far more damage on the average American.
