Wednesday, January 26, 2011

Empty Promises: 5 Reasons Why Barack Obama’s State Of The Union Address Was Completely Wrong About The Economy #tcot

h/t zero hedge

via The Economic Collapse

Barack Obama's State of the Union address sure sounded good, didn't it?  There were lots of solemn promises, lots of stuff about America's "bright future" and a line about how we are now facing this generation's "Sputnik moment" that will surely make headlines all over the globe.  But we all knew that Barack Obama could give a good speech.  That has never been the issue.  What the American people really need are some very real answers to some very real problems.  So were there any real answers in Barack Obama's State of the Union address?  Well, Barack Obama promised that America will "out-innovate, out-educate and out-build" the rest of the world.  He also pledged that America will become "the best place in the world to do business" and that the government must "take responsibility" for our deficit spending.  But does all of this rhetoric mean anything or is all this just another batch of empty promises to add to the long list of empty promises that Barack Obama has already made and broken?

The American people certainly don't need any more empty promises.  Millions of American families have been pushed to the edge of desperation by this economy.

There has been a lot of talk that the economy is "turning around", but in many areas of the country the employment situation continues to get even worse.  Payrolls decreased in 35 U.S. states during the month of December.

The truth is that the number of "good jobs" produced by the U.S. economy continues to shrink.  In fact, only 47 percent of working-age Americans have a full-time job at this point.

The American people are not going to buy this "economic recovery" as long as unemployment remains at epidemic levels in so many areas.  Just consider some of the stunningly high unemployment rates in some of our most important states....

Nevada - 14.5%

California - 12.5%

Florida - 12.0%

So did Barack Obama propose anything substantial that will actually create real jobs?

No.

Instead, all he had to offer was just a bunch of empty promises.  It is almost as if Obama believes that a really good inspirational speech will somehow make things better.  The following are just a few of the empty promises Obama made during his address to the nation....

Empty Promise #1: America Will "Out-Innovate" The Rest Of The World And This Will Create More Jobs

During the State of the Union address, Barack Obama promised that the United States will "out-innovate" the rest of the world and that this will create more jobs.

Oh really?