Tuesday, January 20, 2015

State of the Union 2015

This was one of the most Orwellian speeches I've read, and I didn't know where to start. I thought the climate change section was the most Orwellian of all. I'll let zerohedge outline the rest of the speech:


'Everything Is Awesome' SOTU Post-Mortem: "It's Not Government's Job To Make Everybody Rich"

Tyler Durden's picture

The only thing we did not get from tonight's State of The Union speech was a "Mission Accomplished" flag... oddly some of the 6,493 words (the lowest word-count of his Presidency) were not entirely 'factual'...

SOTU ran 59 mins 56 seconds. Applause count per @JillianBHughes was 87.


"Make A New America"

The Atlantic has an excellent interactive chart for diving into the details of SOTUs...
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Some color...
"The shadow of crisis has passed" - so why are Treasury yields at record lows and why does The Fed have ZIRP and keep threatening QE on every 5% drop in stocks?

"the stock market has doubled"
Somewhere Ben Bernanke is offended Obama took credit for the stock market's gains

"our economy is growing and creating jobs at the fastest pace since 1999"

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About the whole jobs thing

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Watiers/Bartenders vs Manufacturing workers
"Wages are finally starting to rise again." - well hope is...

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Obama "Wages are finally starting to rise"

"These ideas won’t make everybody rich, or relieve every hardship. That’s not the job of government." - indeed only the 'already rich' get rich...

"The best scientists in the world are all telling us that our activities are changing the climate"
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The world's billionaires fighting climate change in Davos

"Middle Class Economics" - How's that working out?

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% of global wealth held by the middle class

"Cost of community college for all will be zero"- yeah that didn't work out so well did it...
For the first time in history, a majority of jobless workers 25 and over have attended some college

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Free community college

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Student Debt

"As Americans, we cherish our civil liberties?" - not so much Germans... or North Koreans
U.S. Spies Tapped North Korean Computers Before Sony Hack http://www.bloomberg.com/news/2015-01-19/u-s-spies-tapped-north-korean-computers-prior-to-sony-attack.html 

"Russia is isolated, with its economy in tatters."

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Countries that have "isolated" Russia shown in blue

And finally... "That’s a better politics. That’s how we start rebuilding trust. That’s how we move this country forward. That’s what the American people want. That’s what they deserve."

Obama: Congress should come together Obama: I will veto anything I disagree with