Wednesday, January 21, 2015

The Liar-In-Chief

He was political, he was vile and he was smug. When watching the President’s State of the Union Address last night, I couldn’t make out just what he wanted.

On the one hand, the President made it seem that he wanted the country to come together. He talked with bipartisanship rhetoric about coming together and helping everyday Americans.

On the other hand, the President went full liberal in front of the country. Spewing partisan nonsense about how he was trying to work with Congress and how political games were getting in the way of the country’s recovery.

Here’s an example:

“In two weeks, I will send this Congress a budget filled with ideas that are practical, not partisan.”


The President is sending the new GOP Congress a budget filled with tax increases. In what seems like a rational message, the President is lying to Americans. He knows the House and Senate would in no way pass tax increases on any American and in doing what he’s doing, the President is playing politics with the American people, perpetuating the Marxist idea of class-warfare; dividing this country.

Here’s some more:

"At this moment — with a growing economy, shrinking deficits, bustling industry and booming energy production — we have risen from recession freer to write our own future than any other nation on Earth.”


The economy is in ridiculously bad shape. While the unemployment may be going down, the labor force participation force rate, a statistic which economist’s use to gauge just how many people are actually looking for work, is at a 36 year low. Unlike the labor force participation rate, the unemployment rate does not account for the number of Americans who have stopped looking for work. Instead, it just considers those who aren’t looking for jobs as “disgruntled workers” and calculates them out of the figure.

For some contrast, check out the labor force participation rate when Reagan took office in January of 1981. The labor force participation rate sat at measly 63.9%. At the end of the Reagan presidency in December of 1989, the labor force participation rate had increased to 66.5%. An increase of 2.6 %. When President Obama took office in January of 2009 the labor force participation rate was 65.7%, the labor force participation rate as of December 2014 was 62.7%. That’s a 3% decrease in the amount of people looking for work, or 8.7 million! You do not have to be an economist to see just how bad the economy is doing.

One more:

“We’ve seen the fastest economic growth in over a decade…a stock market that has doubled”

As for the stock market boom, it is exactly that, a boom. When the Federal government prints enormous sums of money to stimulate the economy, assets (like stocks, bonds, art, etc.) increase but at an inflationary rate. They do not hold the same value as when people trade in the free and open market. Instead, what you get is booming stock market and asset prices that the government creates by printing money out of thin air. With nothing backing our currency, the Federal Reserve is at liberty to manipulate our dollar however they choose. The Federal Reserve has been pursuing the policy of Quantitative Easing (which both President Bush and President Obama have approved of) in hopes of “stimulating” the economy. But this policy has been disastrous, creating an economy that is anti-free-market capitalism and more cronyism, rewarding those with political connections a nice pay day while Main Street suffers. To say that the economy and the stock market are “booming” is another lie that the President has told to the American people.

The President’s policies and rhetoric have divided America. His tone that we are now a better country under his leadership is political. His speech was all political and his legacy will be that, just political.

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