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In his first State of the Union speech in 2010, President Barack Obama carefully chose his words in calling for a new jobs bill to stimulate real organic economic growth. Historically, politicians have garnered widespread public support for bills that otherwise would have been despised through the use of deceptive labeling. For example, past US Presidents labeled bills that ultimately weakened pollution regulations as “Clean Air Acts”, and so on. In response to this newly proposed jobs bill, US Congressman Brad Sherman (D-CA) relayed that he, along with other colleagues, were specifically instructed not to refer to this jobs bill as a stimulus bill in the media:本科

“The other thing I’ll point out is we now have…we are working on a…we’re told not to call it another stimulus bill. We’re calling it a jobs bill.”

However, politicians have always been extremely deft about making speeches that present a united front with the people against corruption, while often hammering out legislation behind closed doors that ensures no real change will ever occur. To determine if the wool is being pulled over our eyes once again, let’s turn to the actual text of President Obama’s State of the Union speech.

President Obama: “But the devastation remains. One in ten Americans still cannot find work. Many businesses have shuttered. Home values have declined. Small towns and rural communities have been hit especially hard. For those who had already known poverty, life has become that much harder. This recession has also compounded the burdens that America’s families have been dealing with for decades – the burden of working harder and longer for less; of being unable to save enough to retire or help kids with college.”

Reality: The real rate of unemployment, if you include long-term discouraged workers, who are truly unemployed, is presently more than twice the figure President Obama quoted, at 22%. The reality is more than 1 out of 5 American workers are unemployed and this figure is likely to top out at more than 30% to 35% before this monetary crisis starts to recede. Though the residential housing market has yet to bottom in the US, a second more serious phase of the US real estate crisis will commence, just as it has in Spain, once large US banks stop lying about the true value of their commercial real estate portfolios. It’s good that President Obama addressed the burden of families that have to work harder for less money but his transparency in addressing this issue rates a zero on a scale of 1 to 10 as he does not mention that it is the Central Bankers’ institution of a corrupt and fraudulent monetary system that has given rise to this tremendous burden for American families.

President Obama: “Our most urgent task upon taking office was to shore up the same banks that helped cause this crisis. It was not easy to do. And if there’s one thing that has unified Democrats and Republicans, it’s that we all hated the bank bailout. I hated it. You hated it. It was about as popular as a root canal. But when I ran for President, I promised I wouldn’t just do what was popular – I would do what was necessary. And if we had allowed the meltdown of the financial system, unemployment might be double what it is today. More businesses would certainly have closed. More homes would have surely been lost. So I supported the last administration’s efforts to create the financial rescue program. And when we took the program over, we made it more transparent and accountable. As a result, the markets are now stabilized, and we have recovered most of the money we spent on the banks.”

Reality:The real unemployment is double the fake figure the President has told the country. Again, words are easily spoken but only actions reveal the true nature of politicians. The President’s words that he hated the bailout rings hollow when every single key economic advisor he appointed was a key architect of this crisis. It is impossible to invite criminals that robbed your house to change all the locks to your house after it has been robbed and improve the security of your house. One of President Obama’s key economic strongmen, Larry Summers, a former US Treasury Secretary and World Bank Chief Economist, was instrumental in silencing CFTC Chairman Brooksley Born more than a decade ago when she attempted to warn Americans of the disaster looming in the derivatives markets. Born was the last courageous American to work for any US financial regulatory agency in more than a decade, and for her integrity, she was unceremoniously forced out of the CFTC.

President Obama: “Let me repeat: we cut taxes. We cut taxes for 95% of working families. We cut taxes for small businesses. We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college. As a result, millions of Americans had more to spend on gas, and food, and other necessities, all of which helped businesses keep more workers. And we haven’t raised income taxes by a single dime on a single person. Not a single dime.”

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