President Obama claims “that if we did not act” on “an economy rocked by severe recession, a financial system on the verge of collapse, and a government deeply in debt” that “we might face a second depression.” I’d like to remind the President that his actions, as well as Congressional actions and those of the Federal Reserve have not helped, but instead caused higher inflation ad more federal debt. In fact, the Federal government’s deficit from 2009 was the largest in American history. And contrary to his opinion, “the worst” has not passed. Declining prices of houses are not the problem, the problem was the “housing bubble” caused by lose credit & risky lending, much of which was backed by the government. The “decline” in “value” is nothing more than a return to where the prices should have been. Attempting to keep prices high is nothing more than trying to re-inflate a bubble that has already burst – and never should have been inflated to begin with.
The President also claims he made the “financial rescue program” “transparent and accountable.” Yet, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both refuse to tell Congress which banks received “bailout” money. And just 3 months ago the Recovery Accountability and Transparency Board was exposed for having posted false data, claiming 440 “phantom districts” had received nearly $6.4 billion and only “saved or created” 28429.7 jobs. How is that “transparent”? More importantly, how has the “recovered” money been handled? Has that money been removed from circulation? It was “created” by the Federal Reserve before it was given to the banks; if it isn’t removed from the money supply, it will only further increase inflation. Until banks are no longer allowed to practice the fraud known as fractional reserve banking and interest rates are no longer kept artificially low the financial markets will not be “stable”. There will continue to be “booms & busts.”
The President claims to have “cut taxes for 95% of working families… for small businesses…. for first-time homebuyers… for parents trying to care for their children & for 8 million Americans paying for college.” These were NOT tax cuts, they were tax credits. By doing so, the President & Congress are trying to encourage certain actions. He also claims to have added two million jobs, the vast majority of which are government jobs, most of the remainder are dependent on government contracts.
While I applaud his plan to eliminate capital gains taxes on small businesses, I’d like to ask that instead of proposing more “tax credits” and “incentives” he ask Congress to eliminate the income tax & abolish the IRS. Doing so would greatly encourage economic growth without “steering” their actions to those preferred by a group of bureaucrats.
The President laid out an energy policy that doesn’t allow individual choices about alternative energy sources. While I support alternative energy, it is not and should not be the government’s job to dictate which energy sources people use.
He also claimed, again, that further government involvement in “health care” will reduce yearly budget deficits and somehow cause medical costs to go down, something that hasn’t happened since the government first involved itself in the health care industry in 1965 with the creation of Medicare.
The President says he wants to “freeze” spending, but “spending related to our national security, Medicare, Medicaid, and Social Security will not be affected.” And says he’s identified $20 billion in savings for next year – $20 billion out of a $4 trillion budget is only a drop in the bucket – 0.5% (½ of 1 percent) to be exact, which is the equivalent of the average household saving $251. But, I digress, President Obama claims he “go through the budget line by line to eliminate programs that we can’t afford and don’t work.” How about comparing the budget with the Constitution and eliminating what isn’t authorized by the Constitution? Doing so would result in cutting approximately 60% of federal spending and drastically reduce or eliminate the amount of unfunded future liabilities – currently estimated at $107 trillion. The government is bankrupt, the only solution is decreasing spending, not simply “freezing” spending on certain programs.
I would like to encourage the President to reconsider his foreign policy and adopt the foreign policy of Thomas Jefferson, that of “Peace, commerce and honest friendship with all nations–entangling alliances with none.” This involves not only “trade agreements” – true free trade requires no treaty – but also military intervention. There is no Constitutional justification for having troops stationed in over 130 countries around the world, nor the two “wars” that are being waged. the troops should be brought home immediately.
The President talks about a lack of “faith” in the institutions, but i think it’s a lack of respect. One of the reasons the people don’t trust the federal government is because neither the Congress, the Judicial or the Executive has any respect for the Constitution – the document that established federal authority – or individual liberties. You give respect to get respect! Why should anyone respect any government if the members of that government don’t respect their constituents?
All in all, the President wants to continue expanding the size & scope of the government while decreasing the amount of individual freedoms. I’m again reminded of the word of Thomas Jefferson, “I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”
Sincerely,
Darryl W. Perry
2016 candidate for President of the United States of America
http://dwp2016.org
At-Large Representative Boston Tea Party National Committee
http://BostonTea.us
Managing Editor Free Patriot Press
http://FreePatriot-Press.com