United Liberty

Obama’s address Tuesday evening contained a fascinating lesson in economics and monetary policy for the American public. Let’s review:

So the recovery plan we passed is the first step in getting our economy back on track. But it is just the first step. Because even if we manage this plan flawlessly, there will be no real recovery unless we clean up the credit crisis that has severely weakened our financial system.

I want to speak plainly and candidly about this issue tonight, because every American should know that it directly affects you and your family’s well-being. You should also know that the money you’ve deposited in banks across the country is safe; your insurance is secure; and you can rely on the continued operation of our financial system. That is not the source of concern.

Tonight as I write this, given that I don’t possess a television and find live-streaming an often frustrating experience on my lap-top computer, I chose to read a prepared text of President Obama’s first State of the Union address rather than listen to it live. Reading such a text can reveal more in some ways, as one isn’t influenced by the mellifluous tones of a well-polished politician’s voice.

Not because I believe in bigger government, I don’t. -Obama

 

Many of you watched Obama make his first address to Congress tonight. His speech was concentrated nearly entirely on the economy. He started out by talking about the pitiful state of our economy, and how it is affecting everyone either directly or indirectly. He reiterated the point that America will prevail and recover. I don’t doubt that we will prevail and recover, but not because of Keynesian economic policies that the Democratic Party and Neocons are implementing. Not because of the spending, bailing out, and intervention of the Federal Government.