Columbus
Dispatch...
Unstated
January 27, 2012
The big
fact missing in President Barack Obama’s State of the Union speech on
Tuesday
was this one: 13 million Americans remain unemployed. About 10 million
remain
underemployed.
That this
fact was left out is no surprise. No president who has been in charge
for three
years and who hopes for re-election is going to draw attention to a
failure of
this magnitude.
But the
president is now well past the point in his term when he can expect to
get any
more mileage out of the excuse that he inherited a mess. First, he
didn’t
inherit it, he volunteered for it.
Second, he was hired to do something about it,
and has failed.
He tried on
Tuesday to blame this on Republican obstinacy in Congress, but the fact
is that
for two of his three years in office, he had a Democratic majority in
Congress
and it passed his major jobs effort, the $787 billion stimulus plan.
Not only
that, but he has engaged in almost $4 billion in additional deficit
spending.
Despite all of this supercharged spending of borrowed money, 23 million
Americans still face blighted job prospects.
His other
target is the wealthy, whom he hopes to scapegoat for the national
fiscal
problems he has aggravated so massively. Almost a third of the nation’s
$15 trillion
national debt has Obama’s name on it. He owns a similar share of the
blame for
the downgrade in the nation’s credit rating handed down last year by
Standard
& Poor’s.
The
president’s speech contained a number of claims and aspirations
contradicted by
his actions:
He once
again called for an end to government subsidies for the oil industry
and
renewed support for alternative energy, ignoring entirely the fiasco of
Solyndra, the solar-panel company that collapsed after receiving a $500
million
federal loan championed
by the
president.
He touted
his record as a slasher of costly and burdensome federal regulations,
citing in
particular the elimination of a rule that classed milk spills as oil
spills. No
doubt that was a good move, but game-changer for the economy? He also
claimed
that his administration has approved fewer new regulations than did the
George
W. Bush administration in a similar period. This is true. But more
important is
a fact-check by ABC News, incorporating a Bloomberg News study, which
found
that when it comes to regulations that cost the economy more than $100
million,
Bush approved 90 compared with 129 by Obama.
He promised
to expand offshore oil drilling to increase energy production, while
ignoring
the fact that just last week, he nixed the Keystone XL oil pipeline
that would
have carried Canadian oil to U.S. refineries, a project that would have
created
thousands of U.S. jobs and would have reduced dependence on oil from
unstable
and hostile regimes such as those in Venezuela and the Middle East.
Finally,
the president noticeably failed to
boast about his biggest policy achievement, the enactment of a massive
federal
intrusion into health care. One might think that a president seeking
re-election would trumpet such a triumph. But Obama and his advisers
can read
polls and know that in the nearly two years since it was passed, the
vast
majority of surveys consistently have shown that far more Americans
oppose the
law than support it.
Many
people, including senior citizens, are
deeply worried about the effect of the law on the cost, quality and
availability of health care, and employer mandates and punishments
contained in
the law have inhibited some employers from expanding their businesses
and
hiring new workers.
Though
the annual speech was intended to be a
report on the state of the union, in fact it was the opening of the
president’s
re-election campaign. That’s why he dared not acknowledge the true
state of the
union.
Read this
and other articles at the Columbus Dispatch
|