President Obama’s Remarks on the Economy: “Government is Us”

President Obama made remarks on the economy Wednesday, lamenting inequality in America. Of course, he blames everyone but himself and the big government he promotes for the state of things.

Mr. Obama said, “we can’t tackle inequality if the economic pie is shrinking or stagnant.”  But as Heritage’s David Azerrad explains, “Free-market economics is not about dividing up a dwindling pie, but expanding the pie to serve everyone. Those who succeed do not do so at the expense of others.”

Mr. Obama’s policies have resulted in $17 trillion in debt, up from $10.6 trillion when he took office in 2009.  He would be better off focusing on cutting back excessive government spending rather than redistributing wealth.

He also belabored the point that income inequality is on the rise in the United States and suggested a minimum wage increase and more government intervention.  He said “we need to set aside the belief that government cannot do anything about reducing inequality” and added:

We’ve … seen how government action time and again can make an enormous difference in increasing opportunity and bolstering ladders into the middle class.

He wants to demand that the minimum wage be increased, as a means of lessening inequality in America, but as James Sherk explains raising the minimum wage would put the jobs of entry-level and unskilled workers in jeopardy:

Some Members of Congress now propose adding to these hiring costs by raising the federal minimum wage from $7.25 per hour to $10.10 per hour. This would have disastrous consequences for the unskilled workers and families they want to help. It would raise the cost of hiring a full-time worker to at least $12.71 per hour. A worker would have to produce at least that much for a company to break even on that position.

Mr. Obama denies this reality saying “there is no solid evidence that a higher minimum wage costs jobs.”  That is what he said about Obamacare, but that wasn’t true either.  Obamacare is a massive job killer.

He paid lip service to parents, families, businesses and civic organizations, but the reality is that his big government policies are designed to replace or undermine these other institutions.  The conclusion of his speech was very revealing of his true big government ideology:

We know that’s our strength, our people, our communities, our businesses. But government can’t stand on the sidelines in our efforts. Because government is us.(emphasis added)

Mr. Obama’s view of government is fundamentally flawed.  The ever-growing government liberals envision limits prosperity for all.  As Heritage notes:

The liberal model has been a disaster. Government, far from acting as a catalyst for opportunity as intended, has become opportunity’s chief barrier. Government spending, taxing, and borrowing are killing the American economy, and we are wrapped in endless rules and regulations. Poverty rates remain high, our public-education system fails the least fortunate, and the family — the key to the well-being of children — is falling apart among poor and low-income Americans. Meanwhile, our ever-growing welfare state crowds out the very private activities and institutions that make up not only society’s best safety net but also its seedbed for self-improvement and advancement. And the government’s uncontrolled costs and unsustainable promises threaten long-term economic growth and will pass on crushing debt and social burdens to our children and grandchildren.

If Lady Thatcher had listened to his speech, perhaps she would give him this advice:

Related links:

Opportunity Conservatism
Defending the Dream: Why Income Inequality Doesn’t Threaten Opportunity
How President Obama Is Killing Jobs
Political Justice: Equality of Opportunity not Sameness of Opportunity
How to Limit Government in the Age of Obama


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5 thoughts on “President Obama’s Remarks on the Economy: “Government is Us”

  1. Actually the man (Barack Obama) – with all is arrogance is – still – lying through his teeth freely without remorse;…..and some people out there still on his side.

    Let’s be brief on this,….just a short remark;

    The $17 trillion accounting error

    James Hamilton, an economics professor at the University of California, published a research paper last month that reviewed the national debt and analyzed the figures that are calculated to come to the final number. The professor’s conclusion is that the national debt isn’t $17 trillion but rather $70 trillion – $70.086 trillion to be exact.

    The reason why the figures are a lot higher than initially estimated is that government bureaucrats have omitted numerous liabilities, such as deposit insurance, government trust funds and actions taken by the Federal Reserve. According to Hamilton, the two biggest items in the national debt are Social Security and Medicare.

    Now, everyone knows , and whoever curious about this can go now to further research and investigation.
    Input anyone? opinions welcome.

    • I would like to add that certain sector of the American population still have the audacity to say – chant- that the… “economy is ok” ….Obama administration says so…”

      Let’s check quickly about that,….jut a small recent historical moment;….just walk with me.

      They did before ,they still doing it now;

      3 Lies About Jobs and the Unemployment Rate

      “The president says the economy is creating jobs: Since October 2009, the economy has added 3.5 million jobs and the unemployment rate has fallen from 10 percent to almost 8 percent. But America isn’t feeling the joy, because—believe it or not—politicians are selectively quoting numbers that make it appear the economy is doing better than it really is. Here are some of the most popular lies-by-omission when talking about jobs and unemployment.”

      JUST THE BASICS…Real report on economy status….(hidden by the government)
      This current administration is way overdue to be thrown out from Washington and put all of them in jail for the massive ongoing assault – in so many ways – against the good people of our great country,…just walk with me.

      The Real U.S. National Debt Is $222 Trillion, Not $17 Trillion

      Think the U.S. national debt stands at roughly $17 trillion? Think again. If this outrageous amount wasn’t bad enough, the actual national debt is closer to $222 trillion, according to Prof. Lawrence Kotlikoff of Boston University. This is the real debt when you count all of the federal government’s unfunded liabilities for programs such as Medicare and Social Security.

      What is frightening is that the debt increased $11 trillion just in the last year to reach the sum of $222 trillion. This puts the real budget deficit at ten times the official reported number. Indeed this makes the talk from Congress about cutting a couple trillion dollars in spending over a decade seem rather trivial – and ridiculous.

      The real U.S. national debt is $222 trillion, not $17 trillion

      Here’s the real unemployment rate
      Government’s ‘headline’ statistics hide true conditions
      The Dollar And Euro Are Doomed. These 3 Currencies Will Take Over.

      NEW YORK – The real unemployment rate for December 2012 is closer to 23 percent, not the 7.8 percent reported by the Bureau of Labor Statistics, according to economist John Williams.
      Williams, author of the Shadow Government Statistics website, argues that the federal government manipulates the reporting of key economic data for political purposes, using methodologies that tend to mask bad news.



      ‘Real’ Unemployment Rate Shows Far More Jobless

      While the national unemployment rate paints a grim picture, a look at individual states and their so-called real jobless rates becomes even more troubling.

      The government’s most widely publicized unemployment ratemeasures only those who are out of a job and currently looking for work. It does not count discouraged potential employees who have quit looking, nor those who are underemployed — wanting to work full-time but forced to work part-time.

      And for this garbage a number of americans did vote for not once but twice!….and as result they got cheated not once but twice!

      And that, for short,….now, everyone knows,…but this is only the basics ,….anyone can go further if you are up to the challenge.

      Bottom line before any comment /statement and / or before vote for anyone, please everyone – first!- do some research and investigation , so your move will be an educated one.

      Are we clear on this? Opinions welcome.

    • Dear Dan9el: There is and probably never has been a Prof. James Hamilton on the University of California faculty in the Haas school of Business. The Economics Dept. is part of the Haas School of Business and I am not aware of a professor of that name. Janet Yellen who has now taken Benjamin Bernanke place to head-up as Chairman/chairperson of the United States Federal Reserve is a tenured faculty member emeritus.

      • Dear Leo Marquez;
        Perhaps you are right,…. perhaps this character Hamilton is s figment of the imagination of some people,…and yet he seems to be real an not fictional as the ill-acquired presidential platform of the so called ‘president’ (Mr Barack Obama);…

        So, allow me to present a thing or two on this, if I may;…

        Prof. James Hamilton on the University of California

        James Hamilton received a Ph.D. in Economics at the University of California, Berkeley in 1983, and has been a professor in the Economics Department at the University of California at San Diego since 1992. He has been a visiting scholar at the Federal Reserve Board in Washington, DC as well as many of the Federal Reserve Banks. James has also been a consultant for the National Academy of Sciences, Commodity Futures Trading Commission and the European Central Bank and has testified before the United States Congress. More details can be found on his c.v.

        James D. Hamilton has been a professor in the Economics Department at the University of California at San Diego since 1992. He served as department chair from 1999-2002, and has also taught at Harvard University and the University of Virginia. He received a Ph.D. in economics from the University of California at Berkeley in 1983.

        Professor Hamilton has published articles on a wide range of topics including econometrics, business cycles, monetary policy, and energy markets. His graduate textbook on time series analysis has over 12,000 scholarly citations and has been translated into Chinese, Japanese, and Italian. Academic honors include election as a Fellow of the Econometric Society and Research Associate with the National Bureau of Economic Research. He has been a visiting scholar at the Federal Reserve Board in Washington, DC, as well as the Federal Reserve Banks of Atlanta, Boston, New York, Richmond, and San Francisco. He has also been a consultant for the National Academy of Sciences, Commodity Futures Trading Commission and the European Central Bank and has testified before the United States Congress.

        Any questions?
        Sincerely and respectfully, dan9el

  2. Pingback: Obama and a Warning from Abraham Lincoln By Eileen F. Toplansky | RUTHFULLY YOURS

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