• 4 hours Saudi Arabia's Richest Are Being Forced To Buy Aramco
  • 1 day Silver Steadies Following Wild Week In Precious Metals Markets
  • 2 days Gold On The Rise After Fed Rate Cut
  • 2 days $5 Million Gold Toilet Vanishes
  • 2 days Oil Trader Loses $320 Million On Derivative Bets
  • 3 days S&P 500 Officially In An Earnings Recession
  • 3 days Miners Are Weathering The Trade War Storm
  • 3 days UK Credit Card Interest Rates Are Skyrocketing
  • 4 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 4 days Are Smart TVs Spying On Us?
  • 4 days Is Fossil Fuel Divestment A Waste Of Time?
  • 5 days A Russian Billionaire’s Space Quest To Save Humanity
  • 5 days Markets Take Breather As Consolidation Continues
  • 5 days Economic Woes Weigh On Copper Prices
  • 5 days World's Largest IPO At Risk Following Drone Strikes
  • 6 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 6 days What’s Behind The Silver Sell-Off?
  • 6 days The Retail Apocalypse Is Accelerating
  • 6 days The Top Tech Stocks Of The Year
  • 7 days America’s Workforce Elderly Workforce To Double By 2028
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Brilliant Bullshit!

On Tuesday evening I watched president Obama's state of the union address. It was brilliant.

Obama rang all the bells, dotted all the i's, and attacked all the ghosts. At times, he even made sense.

All in all, it was a brilliant effort, possibly his best speech ever, even though his speech was essentially bullshit.

In case you missed that speech, whether by accident or out of disgust, here is a Transcript Text of President Obama's 2016 State of the Union address.


Video Ad Libs

Obama deviated from his prepared transcript greatly. Here is a video for interested parties.


Belief in Change

In his address, Obama said "I believe in change because I believe in you".

That's ironic because his first campaign slogan was "Change you can believe in". People believed in change but what change did Obama deliver?

Despite promises, we are still in Afghanistan. Despite promises, we did not close Guantanamo Bay. The Mideast is a bigger mess than ever.

US unemployment is indeed half of what it was when Obama took office. But who gets the credit for that?

The answer is retiring baby boomers dropping out of the labor force by mad. Any US president would have achieved the same result by doing nothing. Obama gets to brag because he is lucky enough to be in office at the time.


Doing Things

Obama did do things. Obamacare was a disaster. But he bragged about it.

Obama's treaty with Iran is his single most positive accomplishment in eight years, but that's in dispute by many on the left and right.


Affordable Education

From the left, Obama received massive applause for affordable education.

Affordable "anything" would get applause from socialists. Yet, "affordable education" will drive up costs every bit as much as "affordable housing".

Without a doubt, history shows that any time government sets out to make something "affordable", the opposite happens.

Dare I ask: Were Bush's "Ownership Society" and "No Child Left Behind" programs all that different from Obama's proposals?


Pure Political Bullshit

75% of Obama's speech was purely political bullshit. Proving the sorry state of divisive politics, Obama received little applause, even on topics where he was right.

Campaign finance reform was one such topic.

Congress is clearly bought and sold by special interest groups. On the left, unions rule. On the right, bankers rule.

In general, neither party really wants reform. If they did, we would have had reform by now.


Hypocrisy in Action

Had a Republican given the exact same speech (stripping out global warming and other obvious nonsense), Republicans would have applauded every step of the way.

Obama's mention of "No Child Left Behind", a ridiculous program of the Bush administration, was nothing short of brilliant.

Republicans cheered Bush's program at that time. Curiously, there was dead silence from the Republican side of the aisle when Obama praised it.

Had a Republican bragged about taking out Osama Bin Laden, Republicans would have cheered like mad and Democrats would have been silent. We saw the opposite.


Brilliance Explained

Obama's SOTU speech was pure brilliance. With just a few minor tweaks, either party could have given the same speech, with accolades from their party.

That's "brilliant bullshit" at its finest.

 

Back to homepage

Leave a comment

Leave a comment