Obama delivers what may very well be the worst speech in history!

Obama delivers what may very well be the worst speech in history! by The Elephant's Child

April 3, 2012, 7:52 pm
Filed under: Democrat Corruption, Election 2012, Liberalism, Politics, Progressivism, Statism | Tags: Associated Press, Demagoguery, President Barack Obama

Obama delivered a luncheon speech today to the Associated Press.  It was so absolutely dreadful that you just have to laugh.

Obviously the White House is in full panic mode after the president’s perfectly awful week last week. It hadn’t occurred to them that it was possible that ObamaCare could possibly be struck down. Nobody expected Obama to be selling out the country in a whispered conversation caught by a hot mic. And the president’s budget request was shot down without even a single Democrat vote.

Obama has railed against the Supreme Court, reminding them that they must observe precedent and not go ruling against him. Now he’s taking on Paul Ryan’s Path to Prosperity. The nasty Republicans are threatening to “spend $4.6 trillion on lower tax rates.” This reveals the president’s mindset. Allowing people to keep more of their own hard-earned money is “spending.” Government taking more of the peoples’ hard-earned money to spend on current government enthusiasms is “investing.”

“Investments in clean energy technologies that are helping us reduce our dependence on foreign oil would be cut by nearly a fifth. ” Be still my beating heart! A fifth is not nearly enough. All our clean energy technologies are not reducing dependence on foreign oil one whit.  Our “clean energy” technologies are wind and solar which make small amounts of electricity, Foreign oil gets refined into gasoline for transportation. There is no reason for us to be dependent on foreign oil. We have plenty of our own. Perennial lie.

Medicare and Social Security are both on a path to destruction. Both programs were devised in the expectation that rising birthrates would always supply the country with a larger crop of young workers to support the old folks when they reached the age for Social Security and Medicare. And the great increase in the number of babies following World War II made that seem like a good bet.

But the Baby Boom was followed by the baby bust. Now the 76 million Baby Boomers are reaching retirement age, and Medicare is already running in the red. The very first Boomers began retiring last year, and their numbers will increase dramatically every year until 2025. Boomers represent 26% of the American population.

Democrats’ approach is to pretend all is well and accuse the Republicans of “trying to end Social Security and Medicare as we know them.” It’s not easy to totally ignore 26% of the population, but Democrats are working on it. If we address the problems now, we can save the programs. As Paul Ryan says:

For four years the President has refused to honestly confront the most predictable economic crisis in our history. Instead, he has accelerated the nation toward this looming debt-fueled crisis with reckless budgets, always accompanied by partisan speeches that seek to divide the nation in order to distract from his legacy of broken promises. If he thinks there is no political price to pay for this total abdication of leadership, he is due for a rude awakening.

The president says early in his speech “So I believe deeply that the free market is the greatest force for economic progress in human history.” which he immediately modifies by saying that “through government, we should do together what we cannot do as well for ourselves.”He falls back on what seems to be his campaign theme: “Or are we better off when everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same rules.”

Consider that last statement.  How does that work? How do you give everyone ‘a fair shot?’ Much as Obama wants to imply that government can guarantee that everyone be treated equally — it can’t be done. The Soviets claimed they were going to do that and ended up killing 25 million of their own people. How do you insure that everyone does their fair share, make all those slackards work harder? And everyone play by the same rules? You cannot say that on the one hand and then demand that the rich who pay most of the taxes pay even more. It’s a contradiction in terms. We have the most progressive tax system in the OECD. Pretty, persuasive propaganda, but complete nonsense.

Obama even hauls out the old canard about “trickle-down” economics — the name Democrats gave to Supply-Side economics, the successful program that gave the country nearly 30 years of prosperity. Or don’t you remember 20% interest rates? Obama said “In this country, broad-based prosperity has never trickled down from the success of a wealthy few.” I wonder if he ever had any class in economics.

When free people are able to keep more of their own money the result is prosperity. Government has never made anyone prosperous —except for those favored few who are rewarded by government “investment” in their programs, like the millions that have just happened to flow to Obama’s bundlers who have an interest in those renewable clean energy companies that Obama is “investing” taxpayer money in. I would urge you to buy John Steele Gordon’s An Empire of Wealth, a book that should be in everyone’s library. It is an economic history of American prosperity, and an exciting, rewarding read.

Here’s the transcript of the President’s worst speech ever. You really should read it to understand the depth of his demagoguery, and what we can expect in the upcoming campaign. Guy Benson takes on the speech and inserts a few uncomfortable facts that Mr. Obama would prefer to ignore.

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