Fact-Checking the State of the Union Speech
NPR-Did President Bush get all his facts straight during his State of the Union speech? As with most political addresses, the president’s assertions left plenty of room to quibble.
NPR-Did President Bush get all his facts straight during his State of the Union speech? As with most political addresses, the president’s assertions left plenty of room to quibble.
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The speech could have been cut to about 5 minutes with the following:
Madam Speaker, Mr. VP, Members of Congress…time to Suck It Up people!!
We are no longer going to be Big Nanny serving every whim of every person who thinks government has all the answers. Government creates the problems, how can it resolve the same?
2008 will be the dawn of a new era in America. We are going to reduce the role of government in the daily lives of Americans while increasing efficiencies.
This is what government should and will do under my watch as leader of this great nation:
1. Win the war against radical islamic terrorism. America will not stand by waiting to be attacked again as some would hope. We are on offense and will remain so as long as I am president.
2. Wipe out 1/2 of the bureaucracy that chokes the very life out of our economy. If you are working for the government and your boss considers you to be a “non-essential” employee, get your resume in order. We are going to clean house folks, time to cut the fat.
3. Abolish the 16th Amendment…if you don’t know what this means, then you probably don’t deserve the handouts you are getting.
4. End entitlement programs starting with SS which will gradually become an opt-in private retirement system.
That my fellow Americans is what I hope to do in my last year as your president. Good night, God Bless and put Big Nanny to bed, she may not like what is coming tomorrow!
Bart you need to seek help for your addiction to deceit.
The real facts of last night’s dog & pony show only took about 3 seconds to see.
There was only one message that stood out. Simply put, everything you need to know about “change” can be seen in the shots of Barack Obama sitting next to Ted Kennedy, who rescued his campaign from the Clinton attack machine yesterday.
If Obama goes all the way, how independent will he be when the old drunk comes knocking on the door of the Oval Office?
Joe – Amen!
Why on earth would ANYONE want the support of a fat drunken murderer who’d sell this Nation down the pan for a shot of burbon?
what deceit?
Since murderers now on the hot endorsers list, how long before OJ makes his announcement?
I was really impressed that apparently Bush balanced the budget… in 2012.
I wasn’t even aware that he would still be president in 2012. That’s great news!
I think we will easily top $11 trillion next year if the billions in infrastructure spending states are demanding is carried out.
I think the Fed will use this as an excuse to fund the for “Trade Corridors” from Mexico to Canada that NAFTA authorized.
( Se e maps of corridors here
Look how many states are involved and with just one bill authorizing the moving forward on the NAFTA routes already planned, already started in several states, hundreds of billions can be spent employing tens of thousands of workers in good paying jobs.
The deficit and debt will rise but, it might delay the economic crisis for a few more years.
I was really pleased that he thoughtfully proposed giving billions to Africa to fight AIDS, while our social security system is virtually bankrupt. Uganda has turned their crisis around simply by giving out condoms.
quote:
Ritholtz, Shedlock, and Nouriel Roubini haver also criticized previous GDP releases, and Shedlock in particular has written on the seldom-considered practice of using hedonic adjustments to GDP. They allow for the fact that computers are becoming more powerful at lower costs. In essence, the US grosses up the price of computers in its GDP reports to adjust for the fact that computer prices are dropping.
These adjustments have been going on since 1980 and the US is the only OECD country to use this approach. Shedlock obtained some data from the Bureau of Economic Advisers that indicated that hedonic index-related adjustments had added $2.257 trillion to 2005 GDP. That’s 22% of the total.
On Fictitious Government Statistics (4.9% GDP Growth Edition)
On Fictitious Government Statistics (4.9% GDP Growth Edition)
That is why even under Clinton, many of the numbers we were getting were phony.
Then add the “birth/death” ratio for computing job growth and the use of unreported loans from trust funds to change the deficit spending picture, and the other manipulations any it is no wonder the GAO can’t give Congress an accurate picture of our Fiscal Condition for over 10 years now.
http://tinyurl.com/3yn952
On Fictitious Government Statistics (4.9% GDP Growth Edition)
quote:
When indeed did a recession become something that we absolutely must avoid? What is it that the Fed, for the past decade, has feared about a recession? Recessions have been common throughout our history, and the country has always ridden them out because its political and economic leaders understood that such a “riding out” was necessary to purge the system of its excesses and thus be able to return to real growth again. What is different about this time that would make the Fed so desperate to avoid going through this healthy purging?
Here is the difference. What is unfolding around us (and actually has been unfolding since 2000) is that the Keynesian chickens set loose in 1936 are coming home to roost. Long term consequences are upon us, and they are bad consequences that have their roots in the fallacy of Keynesianism as a legitimate doctrine of economic thought.
KEYNESIAN CHICKENS COMING HOME
by Nelson Hultberg
And even many in the GOP have been raising chickens that are coming home.
The only reason the President of the United States would lie during a State of the Union address is if he wanted the terrorists to win.
If he lied, the terrorists have already won.
“Uganda has turned their crisis around simply by giving out condoms.”
Altogether now —-
Every sperm is sacred…
Every sperm is great…
If a sperm is wasted…
God gets quite irate…
Sgt. Mac and others
I have mentioned the dollar and Iraq and Iran. This article may tell why they were viewed as economic threats, better than what I was saying.
Quote:
Much was made of Iran’s announcement back in December, 2007 – that they would no longer be accepting U.S. Dollars as payment for their chief export, crude oil:
snip————–
What the table above clearly shows is this: Countries that import Iranian crude oil clearly “took notice” and made dramatic adjustments to their foreign reserve holdings [for the most part] – beginning immediately after July 13, 2007 – when Iran put Japan “on notice” that they would be required to pay for their crude in Yen.
snip————
This means that a 44.7 B with-drawl of U.S. Dollar reserves from the U.S. Dollar-centric banking system had the predictable cause / effect of close to a ½ Trillion monetary contraction event.
Myth vs. Reality
by Rob Kirby
Any change in oil sales from dollars hits the U.S. where it lives, in its financial dealings.
The article also shows how “fractional banking” works and why this affects it.
Attention.
May I have your attention, please?
NOW HERE THIS
.
We no longer have to put up with the Dubious idiot giving State of the Union speeches.
Never again.
.
That is all.
No but, he had his face on TV at the Reagan Library today with ARNOLD, saying how great our economy was and while we have some problems, have faith in the economy and “we get through tough times.”
Grrrr!
If things are so great, more and more are asking, “why are we in panic mode?”