Obama’s State of the Union: In Debt to Nobody

[Anti This Anti That]

Obama’s State of the Union: In Debt to Nobody

Thursday, January 26, 2012 1:20

Would it surprise you that President Obama only mentioned the word “debt” 5 times during his speech and none of those occasions had anything to do with the hole in which our nation now finds itself?

That’s kind of an odd fact considering we are almost $14.5 trillion in debt. Since Obama has been president (3 years) debt has grown by $4 trillion. George W. Bush’s time in office saw an increase in debt by $4.9 trillion (over the course of 8 years vs. 3).

The only time President Obama mentioned the word “debt” was in relation to one of his party’s favorite topics: Class Warfare.

1.But everybody else struggled with costs that were growing and paycheques that weren’t – and too many families found themselves racking up more and more debt just to keep up.

2.[W]e should be a country where everyone has a chance to go and doesn’t rack up $100,000 of debt just because they went.

3.This country should not be known for bad debt and phony profits.

4.Americans from being taken advantage of by mortgage lenders or payday lenders or debt collectors.

5.Does anybody here think that the problem that led to our financial crisis was too much oversight of mortgage lenders or debt collectors?

No mention was made of the fact that virtually all of the debt assumed under Obama’s presidency was during the time his party controlled 2 out of 3 branches of government. No mention was made that it has been 1,000 days since a budget was passed.

President Obama was big on talking about the rich (i.e. the drivers of the economy) paying their “fair share” (who decides what is fair?) as if this is somehow a hallmark of responsible citizenship but how irresponsible has the president’s fiscal behavior been?

Dumping hundreds of millions into bad “green energy” loans which never created any jobs while killing an oil pipeline project that would have created 22,000 of them?

What are Americans’ priorities in all of this? Class Warfare (mentioned repeatedly) or Debt (mentioned not at all)?

A Gallup poll shows the following: http://news.investors.com/Article/598978/201201251842/state-of-the-union-left-out-spending-debt.htm?ven=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%20EditorialRss%20(Editorial%20RSS)&utm_content=My%20Yahoo

So why were the overwhelming concerns of Americans not mentioned by the president? Because he’s going to blame the Republicans and the State of the Union speech was used to blame the rich to set the stage for going after the Republican nominee, that’s why.

Another shameful speech ignoring reality.

http://members.beforeitsnews.com/story/1676/988/Obama_s_State_of_the_Union:_In_Debt_to_Nobody.html