Tag Archives: jobs speech

JOBS SPEECH – TRANSCRIPT and COMMENT

The President took no personal responsibility for the failure to stem unemployment.  His remarks were solemn, his tone was that of a lecture.  At times his rage was less than subtle.

In fact, this larger [Republican] notion that the only thing we can do to restore prosperity is just dismantle government, refund everyone’s money, let everyone write their own rules, and tell everyone they’re on their own – that’s not who we are. That’s not the story of America.

 But the Pinocchio award goes to this paragraph.

I am sending this Congress a plan that you should pass right away.  It’s called the American Jobs Act. There should be nothing controversial about this piece of legislation.  Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for.  Everything.

Got that?  Nothing controversial, everything supported by Republicans, it will be fully paid for and it must be passed immediately.  I say give Congress just half the time to study it that you took to prepare it.  That would take us to early December 2012.  We want to know what’s in this one before we pass it.

Barack knows his history and expressed his appreciation for what Abraham Lincoln did for the nation.

We all remember Abraham Lincoln as the leader who saved our Union. But in the middle of a Civil War, he was also a leader who looked to the future – a Republican president who mobilized government to build the transcontinental railroad; launch the National Academy of Sciences; and set up the first land grant colleges.  (emphasis ours).

 To Barack, Lincoln’s greatness comes from his infrastructure programs.  Giving freedom to the Black man is not even mentioned.

Our time and space is running out, so we will leave you with these Cliff Notes that cover the rest of the speech.

   loopholes                special interests             pass my bill right now

   crumbling bridges               loopholes             decaying bridges

   tax breaks             affluent Americans          struggling Americans

   fair share                     pass my bill right now                reforms

   oil companies                       lobbyists                      shared sacrifice

UPDATE:
OOPS! We forgot to include a link to the full transcript. Here it is.

OBAMA’S BIG JOBS LECTURE

SUMMARY – You’ve heard my lecture, Republicans! Now pass my bill!!

It was a terrible speech.  It was better than I expected.

I give myself zip on the prediction there would be nothing but lip service for small business.  Details are sparse but it does appear there is some help for small and medium size companies.  Other good points include some preferential treatment for our veterans and a speech that bore on the greatness of our country, not our faults.  On the latter point, I hope it’s not like a response to that line in a movie where the neglected woman pleads with her lover “Just tell me you love me.  You don’t have to mean it.“

Barack was angry.  Michelle showed signs of stress.  Smiles were few.  There was not a light moment in Obama’s speech.  Michelle’s usual happy face and essence of delight that only a woman can impart was gone. In its place we saw the image of a somber faced wife who closed her eyes and bowed her head as soon as she was seated comfortably.  Michelle knows what is at stake.

Re-retraining is easy to support; so is streamlining the patent process.  Huh? Streamlining the patent process?  How did that get in there?  Oh well, I guess that’s good.

How did I do on the predictions made in It’s Joint Session Day.

He will ask for 300B
He asked for 447 Billion.                    3/4 credit
Not full credit because the number was off by 50%.

It will be about expansion of government               full credit
Points could be deducted for lack of mention of support for the states, but the professor decided that would be nit picking.

Infrastructure Bank             3/4 credit.
Full credit not given because the President didn’t identify his call for a private financing program by name.

Use of the S word (stimulus)            full credit plus a gold star
As prediced, the word was nowhere to be found.  Stimulus as a word is as dead as stimulus was in fact.

Stoking class resentment                   full credit
The only thing he missed was corporate jets

Only lip service for small business               zero credit
Obama’s plan would indeed provide some relief for small and medium size businesses.

So much for fun, now for the critique.  There is so much to say it will have to wait for the next post.

IT’S JOINT SESSION DAY

It’s eight o’clock in the morning on the day of  THE BIG JOBS SPEECH.  My neck is stuck way out.  I am going to predict what The Man is going and not going to say.  When I went to school, anything above 65% was passing.  Let’s see how I do on this one.

According to the advanced billing the raison d’être of the speech is to promote the creation of jobs.  But the speech itself will be about the support and expansion of government, both federal and state.  Obama will call for $300,000,000,000 (300 B) with much of it slated for infrastructure.  Infrastructure is in the government domain.  We heard this plan two years and a few billion dollars ago.  It didn’t work then and it won’t now.  Or as Yogi Berra might say – It didn’t work the first time and you can’t stop it from not working again.

”The definition of an Obama is someone who keeps repeating the same mistake over and over, each time expecting a different result.”      Al Einstein, from Brooklyn

Perhaps the President thinks it will work this time because the shovels have had more time to get ready.  Franklin Roosevelt’s shovels were ready.  He tried the infrastructure approach with his Works Progress Administration (WPA) and Civilian Conservation Corps (CCC) Camps.  The result — unemployment stood at 15.3% at the end of 1936, four years after he was elected.  It was still 14.6% at the end of his second term, a full eight years in office.

Obama will urge Congress to establish an Infrastructure Bank, a sort of Fannie Mae for bridges and tunnels.

Another passel of dollars out of the 300B will be earmarked for distribution to states to prop up their finances, presumably to all 57 of them.  Favor will be given to those states in the poorest financial conditions because they need it most.  True, they need it most, but some would say they deserve it least.  Their circumstances are the consequence of their own governance.  Bailouts enable the perpetuation of faulty governance by one at the expense of the others.

“Stimulus”?  Obama will not use the word.  It is in the process of being replaced.  Give me a Mulligan on this one.  One or two off-hand references don’t count.

The President will not fail to stoke the fires of class resentment at some point in his talk.

Although medium and small business is the cradle of jobs, no more than lip service will be given to ease the obstacles that lay in the way their growth.

There’s more, but there’s also a deadline.  Let’s see how I do with the predictions given thus far.