Is everybody hopeful and changed?
EVERYBODY'S DOING THE LOCOMOTION...
From the speech:
And I believe the nation that invented the automobile cannot walk away from it.
Hmm. Should we (a) drive away; (b) bicycle away; (c) fly away in flying cars...
A DANGEROUS LEVEL OF TEETH-GRINDING: The One reviews the current causes of our crisis:
A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future.
Transfer wealth back to the wealthy would be more like it.
ISN'T IT GREAT WHEN RHETORIC MATCHES REALITY:
Over the next two years, this plan will save or create 3.5 million jobs. More than 90% of these jobs will be in the private sector – jobs rebuilding our roads and bridges; constructing wind turbines and solar panels; laying broadband and expanding mass transit.
Because of this plan, there are teachers who can now keep their jobs and educate our kids. Health care professionals can continue caring for our sick. There are 57 police officers who are still on the streets of Minneapolis tonight because this plan prevented the layoffs their department was about to make.
Obama offered three examples, two of which - teachers and police officers - are not private sector, in order to buttress the assertion that 90% of saved or created jobs will be in the private sector.
THE SUN WILL COME OUT TOMORROW, OR SOMEDAY:
We are already making progress! Just three weeks ago Obama advised us that darkness might be eternal:
"Not be able to reverse" is now cut back to a mere decade - who else is feeling the hope?
And speaking of hope, how about the Fed H.3 from Feb 12? Note the precipitous decline in excess reserves, finally -from $843 billion on Jan 14 to $793 billion on Jan 31 to $611 billion on Feb 11. Yes, that is still high compared to the historic level of roughly $2 billion, but the direction seems finally to have changed.
MAKING THE WORLD SAFE FOR STRAWMEN:
But that does not mean we can afford to ignore our long-term challenges. I reject the view that says our problems will simply take care of themselves; that says government has no role in laying the foundation for our common prosperity.
Reagan believed that the US government had an obligation to face down the Soviet empire; Bush 43 believed it had an obligation to oppose terror. Who are the folks who think government has "no role" in laying the foundation for our prosperity? Laws, courts, national defense - c'mon. The ongoing tussle has not been between "no role" and a modest role for the government; the tussle has been between limited government and a wildly expansive government that is involved in every nook and cranny of the economy.
...the budget I submit will invest in the three areas that are absolutely critical to our economic future: energy, health care, and education.
"Energy", not "the environment". Later, the environment comes in third out of three motivations for change:
But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy. So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.
I'm down with the national security argument for alternative energy, but does his plan mention nukes?
PHONY STATISTICS IT IS TOO LATE FOR ME TO CHECK:
For that same reason, we must also address the crushing cost of health care.
And since six days a week I hear libs moaning that real wages have been stagnant, what am I to make of the news that health care premiums "have grown four times faster than wages"? Four times zero is zero, and four times tiny growth is still tiny, yes? [Maybe not - I seem to be out of game on this point:
Since 1999, employment-based health insurance premiums have increased 120 percent, compared to cumulative inflation of 44 percent and cumulative wage growth of 29 percent during the same period.2
Ok, then - he didn't actually say "real wages"...]
INTERESTING GOAL, AWKWARD SOLUTION: Obama on education:
...by 2020, America will once again have the highest proportion of college graduates in the world.
Fewer non-degreed immigrants (legal and otherwise) would help pad that stat, but I assume he is looking in other directions.
FROM THE BIG FINISH:
...if we confront without fear the challenges of our time and summon that enduring spirit of an America that does not quit, then someday years from now our children can tell their children that this was the time when we performed, in the words that are carved into this very chamber, “something worthy to be remembered.”