After his infamous last State of the Union Address, Americans have been waiting to see how President Obama will try to accomplish his last string of proposals as he takes the final lap of his presidency. In no time at all, he’s revealed a plan that addresses one of America’s economic issues, a proposal that Steve Mufson from the Washington Post is calling a scheme-
“President Obama will include a new wage insurance scheme in his budget next month that would provide supplemental payments to workers who lose their jobs and end up taking new ones at lower salaries.”
But wait, didn’t Obama just finish saying in his address that America’s economy is doing great? Here’s what he said at his SOTU-
“Let me start with the economy and a basic fact. The United States of America, right now, has the strongest, most durable economy in the world.”
“Anyone claiming that America’s economy is in decline is peddling fiction.”
Later in the speech he continues to alienate those who oppose him by saying that naysayers to his policies and the great changes he upholds are cynics-
“What I’m suggesting is hard. It’s a lot easier to be cynical, to accept that change is not possible, and politics is hopeless, and the problem is, all the folks who are elected don’t care, and to believe that our voices and our actions don’t matter.”
Even as the stock market is experiencing some of the worst declines since the Great Depression, the President still denies the fact that our economy has changed- for the worse. Even Americans believe that the middle class has been the ones who have benefited the least from the economy he praises, saying they think big banks and wall street have benefited the most. Even Americans aren’t fooled. However, Obama still argues the country’s economy isn’t in decline at all, that those who suggest otherwise aren’t armed with facts, but with negativity and self-interest…and his newest proposal suggests that even he doesn’t believe his own words.
Essentially, his proposal would require the states to provide wage insurance for those who lose their jobs and find a job with lower pay, including those who are part-time and low wage employees. Of course, Obama has no idea what this will cost. Oops. One idea, or issue, has been raised by some, including the Washington Post-
“The White House said the proposal would be fully paid for in the budget, but it would not say how much the plan would cost. One possible way to cover the cost would be to slightly increase employers’ unemployment insurance tax.”
Translation: the cost of doing business goes up, money for wages goes down. You don’t get paid.
There’s quite a disconnect between what the President told us at his speech and the economic plan he’s talking about now. In fact, one might argue that they contradict each other.
Could it be because even Obama knows his facts about the supposed burgeoning economy don’t hold any water when compared to the latest statistics? If fact, this last year hosted some the lowest participation rates we’ve seen in years.
Don’t worry though, Obama thinks Americans are so incapable of helping themselves, he wants to require the states to provide job training for you. He even blames technology as part of the problem-
“Today, technology doesn’t just replace jobs on the assembly line, but any job where work can be automated. Companies in a global economy can locate anywhere, and they face tougher competition.”
If he would’ve done more research he’d see that technology in the past decades have actually created jobs, though it’s always easier to observe the aftermath of job loss. Without technology, much of our work would be very labor intensive and dangerous. The reason we don’t have to grow our own fruits and vegetables is due to the fact that machines can grow, process and ship them for us. The reason every American household doesn’t own a loom or sewing machine is because we have the technology to produce more than one garment at a time. This efficiency allows for the expansion of companies at a much lower cost, leaving more money to hire more workers in jobs that can’t be performed by a machine.
At the end of the evening, however, we’re left with quite a mixed message: the economy is doing great but there needs to be more laws to help the economy…Don’t worry, though, we’re doing great! Quite peddling that fiction you cynics!