Wednesday, February 13th, 2013 and is filed under Blog, Debt, Taxes

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As the excerpts of Obama’s speech were released, I wrote up a few comments in response to his deceptions.  Then when the full text became available, I realized that I would need 25 pages to respond to the speech.  Every word was a lie or a deception.  From listening to the speech you would think that he just became president, that all his ideas were never tried before, and that there is no unemployment problem.  He has grown government to record heights, yet we are living in the longest period of economic stagnation.  So he is proposing even more government, like cap and trade style regulations that will cripple job creation and raise the cost of all vital goods and services.  This man lives in an alternative universe.

Here are just a few points:

“Let me repeat – nothing I’m proposing tonight should increase our deficit by a single dime. It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.”

Wow – just wow.  There have been numerous lies disseminated from that podium over the year by both Republican and Democrat presidents.  But this?  You might be a liberal who agrees with his proposals; who believes that throwing more money at failed programs will create prosperity.  However, what sane individual believes that they will not add a dime to the deficit?  This is coming from a man who has increased the debt by $5.8 trillion in just his first term, more than any other president from George Washington through Bill Clinton combined.

Oil Subsidies

In Obama’s warped mind, a subsidy is a tax cut (or investment) and a tax cut is a subsidy.  That’s why he wants to take away some universal deductions from oil companies, even though they pay over $35 billion in taxes per year.  At the same time, he lavishes green energy with targeted credits that are worth more than the combined tax liability of the industry.   From 1981 to 2008, the oil industry paid $388 billion in corporate income taxes to state and federal government.  How much has green energy paid?  Negative.

Every day, we should ask ourselves three questions as a nation: How do we attract more jobs to our shores? How do we equip our people with the skills needed to do those jobs? And how do we make sure that hard work leads to a decent living?”

Ok..Let’s start with repealing Obamacare, Dodd-Frank, Sarbanes-Oxley, ethanol mandates, green energy subsidies, reining in the EPA and NLRB, and cutting taxes.  That will keep you busy every day.