Liveblogging the State of the Union Address
I wasn't sure I was going to do this, but I heard the ABC commentators claim that Nancy Pelosi was wearing purple because (paraphrasing) "it's not blue, it's not red, it's right in the center. I don't think that's an accident. I think it's symbolic." I had to laugh. Nancy Pelosi is right in the center, of course -- of the Politburo.
9:14 It's interesting that he can claim that "these are the reasons" -- the struggles of ordinary Americans -- are the reason he ran for President. He never could articulate that during the campaign.
9:18 We all hated the bank bailout. His discussion here assumes that it's better to prop up failing businesses and to prevent homes from being foreclosed upon.
Joe Biden grins like an idiot.
9:19 I love the way the banks are going to pay a "modest fee". Didn't they already pay back the bailout, with interest?
9:20 We cut taxes for 95% of Americans. Yet. I guess letting the GWB tax cuts lapse doesn't count. I guess if you don't count their efforts to force people to buy insurance as a "tax".
9:22 Economists on the right say that the ARRA worked? Please. Yes, it saved individual jobs. There are plenty of anecdotes for him to point to. Take enough opium and you'll feel great -- until you overdose.
9:24 He's calling for a new jobs bill. Wanna bet it's another stimulus package?
9:25 Outstanding. He's going to force banks to lend to small businesses. Mark my words, this will be like the Community Reinvestment Act -- it will force people to lend to minority-owned and women-owned businesses and those in depressed areas. Don't expect them to last as well as the average small business will. He didn't say it, but I'll bet you a dollar.
9:27 Create jobs through infrastructure: by which he means increase spending. Expect more government money to be spent on pet projects and pork.
9:30 He mentions education costs. If you ask me, we provide too much money in financial aid to students. Increasing the demand-side funding will increase the supply-side costs.
9:31 "China's not waiting." Does he know that China's emphasis on not waiting has caused them to expand their factories so much that they don't have enough manufacturing demand to keep them in business? Does he know how wasteful that kind of centralized planning is?
9:33 We need consumers and families to have the information needed to make financial decisions. As if they don't now? There's never been so much information as is available now. And when you demand that the government dictate how much information is provided, you're assuming that American legislators and regulators know more about the risks of various instruments than the people who invest in them do. I don't think so.
9:34 Hey! Nuclear power! I actually agree with him on something!
9:35 ...and the offshore drilling stuff, too. Of course, then he has to make tie this into a climate bill. But note what that means in practice -- the second item on this post.
9:39 The formula is simple -- reward success and not failure. Nice. Makes you wonder whether he felt the same way about the Palestinian problem, for which he now says, "It's hard. It's really hard."
9:42 Again with the subsidizing education, which will ultimately cause the cost of education to go up. And then he says that colleges and universities have to fix their part of the problem, too. But how, Mr. President, and why? What incentive do they have?
9:43 Finally mentions health insurance reform. Note they're not saying "healthcare reform" anymore. That's long dead.
9:44 IT'S SO not true that he didn't take healthcare on because it's good politics. Of COURSE he thought it was good politics. In the bubble he lives in, everyone believes it's a good idea.
9:45 Would your approach preserve the right of Americans to be left alone with respect to health insurance?
No. Didn't think so.
The CBO, by the way, crunches numbers according to the formulae that the the politicians give them. It's not like they're objective.
9:47 You won't turn your back on the Americans who are having trouble with healthcare. How about the unborn Americans? How about the elderly for whom there won't be sufficient resources?
You can't eliminate ill health. Therefore, the only thing that government-run health care will do is put bureaucrats in charge of what is considered "ill enough to treat, and not too expensive to treat." Everything else will go by the wayside.
9:51 Okay, let's hear the amount by which the federal government will tighten its belt.
Sorry, Mr. President, but a spending freeze is not tightening your belt. I'm waiting to hear about one program that will come down.
"We will not continue tax cuts." So part of his "cut" is forcing people and companies to pay more in taxes.
Oh, and we're going to tighten our belts -- um, next year.
9:55 "Do our work openly"? Is that really Barack Obama talking?
9:59 Did you notice that the President is doing a lot of calling on Congress to do stuff? It's how he can sidestep almost every issue, giving no details and making platitudes while still coming off like an "idea guy".
10:02 Saying "no" is leadership. It's opposition leadership, but it is leadership. And the Republicans haven't filibustered -- they've only threatened to do so. If the laws that the Democrats want to pass are so divisive and unpopular that the Republicans are willing to take this radical step, and that they're not sure they can get 60% of the senate to agree to call it up for a vote, then maybe we shouldn't be passing it.
10:05 Why does he insist on giving a timeframe? It's like telling your poker opponent that you're going to stop bidding at ten dollars.
All of our combat troops out of Iraq by this August. Just hang on a little longer, Al Qaeda. The Americans will leave, and you can fill the torture rooms again. (And by torture I don't mean "enhanced interrogation techniques".)
10:08 I don't get it. Why would the leader in nuclear technology cowtow to those who aren't nearly as capable as we are? It will disarm us, and won't stop Iran or North Korea.
Of Iran's leaders he says: "They, too, will face growing consequences." I believe that's the 21st-century cry of "Wolf!"
10:14 Oh, great -- more government regulation of business by forcing people to hire quotas of people in order to avoid lawsuits. Thanks, Mr. President.
10:15 Yes, we are a "nation of immigrants". But immigrants from everywhere don't simply have those values. Even legal immigration, if it's of too many people from a country that doesn't share our values -- Saudi Arabia, Kenya, perhaps, dare I say it, Mexico -- the more we dilute the American values that the President is praising.
10:16 Democracy in a country of 300 million people can be noisy and messy -- which is why I did everything I could possibly do to ram healthcare down your throat. And, he says, by the way, please ignore the voters. Don't worry about your poll numbers, do what you think is right, even if the public hates it. Mr. President, are you a populist who loves the American people and this nation of immigrants, or are you an oligarchist who knows better than the common man?
10:20 I totally agree that you don't quit, Mr. President. I'm not sure that's a good thing.

Labels: Barack Obama, state of the union address