The House GOP has posted something comparing President Obama’s previous statements with his speech last night. President Obama isn’t the first president who’s made statements that conflict with each other. In normal times, the opposition party points these out, then gets back to business.
These aren’t ordinary times, though. The impact that has on President Obama is that it doesn’t give him much wiggle room. Markets and families want consistent signals. Inconsistent signals cast additional doubt into a doubt-laden environment.
Here’s what President Obama said in last night’s speech:
President Barack Obama: â€œNot because I believe in bigger government â€“ I donâ€™t.â€ (Statement Before a Joint Session of Congress, 2/24/2009)
Here’s a list of his contradictory statements:
President Barack Obama: â€œâ€¦ this plan will require significant resources from the federal government â€“ and yes, probably more than weâ€™ve already set aside. But while the cost of action will be great, I can assure you that the cost of inaction will be far greaterâ€¦â€ (Statement Before a Joint Session of Congress, 2/24/2009)
President Barack Obama: â€œI reject the view that says our problems will simply take care of themselves; that says government has no role in laying the foundation for our common prosperity.â€ (Statement Before a Joint Session of Congress, 2/24/2009)
President Barack Obama: â€œIn each case, government didnâ€™t supplant private enterprise; it catalyzed private enterprise. It created the conditions for thousands of entrepreneurs and new businesses to adapt and to thrive.â€ (Statement Before a Joint Session of Congress, 2/24/2009)
If there’s one thing I can’t stand about President Obama’s speeches, it’s that he sets up strawman arguments. For instance, when he says that he rejects “the view that says our problems will simply take care of themselves; that says government has no role in laying the foundation for our common prosperity”, he’s insinuating that someone is making that argument.
That’s total fiction. It’s an unpersuasive argument that seeks to cast Republicans in a bad light. It’s an intentional mischaracterization on President Obama’s behalf.
It’s worth noting that the markets are rejecting President Obama’s plan because they know that his plan will force tax increases. Some of these tax increases will be passed legislatively. Others, however, will be silent tax increases that will be in the form of high inflation.
SIDENOTE: The only way inflation doesn’t ignite is if the economy doesn’t experience a recovery.
President Obama is great at sending conflicting signals. Thus far, the stock markets have shown their appreciation for President Obama’s conflicting signals by dropping almost 2,500 since he was elected.
Cross-posted at California Conservative