Allow me Mr. President to say that you, or your speech writers/researchers, got it wrong last night when you said the US invented the automobile. Most historians agree that it was Karl Benz from Germany who created the automobile in 1885
Now if this were the only thing you got wrong, a reasonable person could let it pass, but it was not.
I found it interesting that the committee of czars that you appointed to oversee oversight in the bailout of the automobile industry in America, only two had American cars, the rest imports. Somehow this seems to reflect history by the very individuals that you commissioned to bring back the US auto industry, while they seem to have more faith in the origin of the automobile. And, I have some trouble with the word czars, which your administration seems to gravitate to, for it reminds me of a period of time I would rather forget.
Now you said there were no earmarks in all of your spending, when in fact there are 9,000 earmarks including moneys for removing tattoos from gang members and a whole bunch of batteries, most likely coming from South Korea, pig odor in Iowa — Secaucus NJ solved this problem years ago, they got rid of the pigs — research into blueberry technology along with shellfish technology, least of all to save Pelosi’s mouse in some California wetlands and Reid’s railroad from LA to gambling in Las Vegas. Your earmark falsehoods turn out to be an egregious slight of hand which has proven in the past to be an invitation to corruption.
Transparency was a promise you delivered to the voters and so far we don’t see it, least of all in a speech that seemed to me to be a re-write of your campaign speeches leading to your presidency — all with out specifics. All we saw was rousing rhetoric with a jack-in-the box Speaker of the House Nancy Pelosi jumping up to cheer lead your lines before you delivered them.
While you have done your best to lower expectations of what you can do on the basis of what you inherited, while spending like a drunken sailor, when history has shown this hasn’t worked in the past, you fail to tell the American people the true story about the economy:
If you were truly speaking to those that have researched the current economic situation and advise major corporations on same, you will find that the collapse of the equity market, the commodity market and the real estate market all at once has not taken place before — not even during the Great Depression. And if you have done this research, you are not sharing it with the people. This as I understand is a once in a lifetime event. It is my understanding that most of what we were dealing with was not real money — it was bogus. All based upon false credit, fostered by left wing government with complacent GOP support. It is now obvious that the concept of providing everyone with a house, even if they can’t afford it was wrong. Just as it is wrong to distribute wealth from those that pay their taxes to those that don’t.
Deflation may very well be the only way out. Cash is where most people should be — yet you are recommending spending.
Prices are going down and the longer the people wait, the cheaper things will get.
Compounding this will be a new round of layoffs that will further exacerbate deflation which will not be a good thing.
Unemployment may very well reach 15 to 20% and the economy and stock market may not bottom out until 2012.
Now I know you have used the word catastrophe with respect to the economy numerous times and have been cautioned about the negativity. The problem is not with the words, nor the lack of honesty, it has to to with delivering the details in the message, which you have failed to do. And your so called transparency is not so transparent. One would think after the applause you received last night that you would have gotten a bump in the stock market today — it was down.
Perhaps we, collectively, are not just hearing your rhetoric rallies of celebrity, but we are listening to your content, and we the market, the people, the business community and those leaders that will help to instill confidence in the system are not liking what they are listening to. You see the true message is in the details, not a rally call for a new Afro-American President.
2 users commented in " Just Give Me The Facts Mr. President, I Don’t Think I Got Them Last Night "
Follow-up comment rss or Leave a TrackbackI really tried to make some sense out of most of your comments. Yes, the president erred in saying the automobile was first invented in the US. Mass production of cars was the accomplishment of the US as opposed to crafting one at a time as Benz did. Yes, there is “pork” in the spending bill and maybe Iowa should just get rid of pigs instead of eliminating their smell, but if they did that a major food industry would suffer, more workers on the unemployment line and a great many Americans would be denied their bacon, ham and pork, (not the spending kind). Yes, Obama is lowering expectations and attempting to get the country to realize the true severity of the gravest perils we’ve faced in generations. Many think he’s being too negative and that the people want “feel good” rhetoric. Credit Obama for not talking down to the public but telling it like it is as painful and uncertain as that may be. I call that transparency. Yes, there probably has not been the type of collapse of financial markets and institutions on a world wide basis as we’re experiencing now. Obama and his economic team are very aware of economic history and are trying to provide the best solutions to an unprecedented calamity where no previous blueprints for clear solutions exist. You state that deflation may be the only way out and then say that it won’t be desirable. You can be sure that if deflation continues to spiral down the consequences could accelerate a further collapse of world financial markets the likes of which we can’t yet imagine. It’s nonsense to say that the current situation was fostered by some left wing cabal especially after 8 years of Bush/ Cheney. It was fostered by pure greed enough to spread around.I still haven’t heard of any solutions from the republicans beyond more tax cuts meaning more of the same in the misguided hope that yesterday is just around the corner.
Will you refer to that up and coming star of the Republican Party as Piyush Jindal the first Indi-American presidential candidate?
I’m pleased that you tried to make some sense out of my nonsense. Or, was it truth v fiction? Yes, Obama’s statement that the US invented the car was a misstatement of fact even though you might rationalize it with our ability to mass produce another country’s invention. This is but the tip of the iceberg. The earmark falsehoods — 9,000 of them — delivered by Obama was a classic egregious slight of hand. As for my pig reference to an elimination of an odor in Iowa and my solution, I was just trying to make light of the pork that it represented. By the way, with respect to Universal Health Care, some $600 B of it, pork isn’t very good for our health. As for inflation and deflation, there is a very fine line of balancing the two. In a deflation spiral, even though prices go down, people tend to hold on to their money, printing more money creates inflation, but devalues our currency. They are only in conflict when government can’t create the proper balance in such a crisis. Yes, it is a fact that the left wing party of the Democrats, we’re in part, responsible for the housing crisis, led by Barney Frank, his questionable relationships with Fannie Mae and Freddie Mac, who fostered the concept that everyone deserved to have their own home, whether they could afford it or not. The GOP went along with this without regulatory due diligence. I fault both parties, but the concept is liberal and proven not to be realistic. Finally, I did not address the GOP response of Gov. Piyush Jindal, who you identified, not me, as an up and coming star of the Republican Party, on any pages of my website because I found him to be an embarrassment and his response not worthy of coverage. I will not make excuses for his poor performance.
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