His words from last year in black; mine are in red.
One in 10 Americans still cannot find work. A year later this is still true.
Many businesses have shuttered. A year later this is still true.
Home values have declined. A year later this is still true.
Small towns and rural communities have been hit especially hard. A year later this is still true.
for those who'd already known poverty, life has become that much harder. A year later this is still true.
This recession has also compounded the burdens that America's families have been dealing with for decades -- the burden of working harder and longer for less; of being unable to save enough to retire or help kids with college. A year later this is still true.
So I know the anxieties that are out there right now. . . . I hear about them in the letters that I read each night. Yeh, right after he finishes off one of his evening parties at the White House. In 2009, there were 332 after hours gatherings.
The toughest to read are those written by children -- asking why they have to move from their home, asking when their mom or dad will be able to go back to work. Anyone believe this? When disappointed with life, not one of my kids or 13 grandkids has ever thought of writing a letter to the President. Give me a break.
They don't understand why it seems like bad behavior on Wall Street is rewarded, but hard work on Main Street isn't Don't look now, but Wall Street had precious little to do with the crisis. It was all about regulations and Affordable Housing quotas and the Communal notion that everyone deserved to be a home owner. Even Bush 43 bought into this garbage. Ask yourself this, " why has Wall Street recovered and the country is still in a mess?" Answer: well, it is not an answer but it is the point -- Wall Street has next to nothing to do with the health of main street.
So we face big and difficult challenges. And what the American people hope -- what they deserve -- is for all of us, Democrats and Republicans, to work through our differences; to overcome the numbing weight of our politics. How did he come up with this "uncivility theme" a year before Tucson? Truth is, the libs have been busy branding the conservatives "uncivil" for as long as I can remember.
Our most urgent task upon taking office was to shore up the same banks that helped cause this crisis. First, while a relative few of the banks were "the bad guys" in all this, they did not cause the recession. That honor goes to Congress, with its lack of oversight and its demand that housing ownership be made available to those who could not read a contract or have the money to pay for a house . . . . and how did he do with this goal, anyway?
So I supported the last administration's efforts to create the financial rescue program. And when we took that program over, we made it more transparent and more accountable. He's talking about TARP. 24 trillion dollars have been run through TARP. Did you know that? Didn't think so. Transparency? Give me a break. He has respond to 500 requests under the Freedom of Information Act while resisting 103,000 . . . during the first two years of his Administration.
Now, let me repeat: We cut taxes. We cut taxes for 95 percent of working families. Not one tax bracket was cut. He is talking about rebates and we all paid taxes on those rebates. Understand, you do not pay income tax on a true tax cut. You pay income tax on INCOME, you ignorant.
We cut taxes for 8 million Americans paying for college. This tax cut amounted to about $500 real dollars. No big deal.
And we haven't raised income taxes by a single dime on a single person. Not a single dime. Well, I don't think that is true, but if it is, he was going to raise taxes before the midterms swept the GOP back into power and they told him, "Oh, no you are not."
Because of the steps we took, there are about two million Americans working right now who would otherwise be unemployed. (Applause.) Two hundred thousand work in construction and clean energy; 300,000 are teachers and other education workers. Tens of thousands are cops, firefighters, correctional officers, first responders. (Applause.) And we're on track to add another one and a half million jobs to this total by the end of the year. Here's a news flash: in the district in which I coach, they are going to close down one of their two elementary schools, move the 7th and 8th grade from their middle school campus over to the high school, cut after school busing (the sports buses) and get ready for financial hell. Thanks Obama . . . . . . . for nothing.
That is why jobs must be our number-one focus in 2010, and that's why I'm calling for a new jobs bill tonight. (Applause.) What do you want to bet he says almost exactly the same thing tonight , Tuesday night, at the State of the Union?
So tonight, I'm proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. Wow, that worked out well, didn't it.
I'm also proposing a new small business tax credit
-- one that will go to over one million small businesses who hire new workers or raise wages. Wonder if he will use these words again, since he got such great applause out of the line, last year.
Next, we can put Americans to work today building the infrastructure of tomorrow. (Applause.) From the first railroads to the Interstate Highway System, our nation has always been built to compete. There's no reason Europe or China should have the fastest trains, or the new factories that manufacture clean energy products. And a year later we ask, how did this work out for everyone? When are we going to stop listening to this clown and demand that he actually do something?
And to encourage these and other businesses to stay within our borders, it is time to finally slash the tax breaks for companies that ship our jobs overseas, and give those tax breaks to companies that create jobs right here in the United States of America. (Applause.) So - a year later - he just hired Jeffrey Immelt to chair his Jobs and Competitiveness Council -- Immelt, the past CEO of GE who sent more jobs overseas than he created "right here in the United States of America." During his tenure at GE, he lost 34, 000 jobs here in the States while creating 25,000 . . . . . . . . . overseas. Again, Immelt is now Obama's main man for jobs creation. And the position Immelt holds is a parttime job.
They need our help. And I want a jobs bill on my desk without delay. (Applause.) Think he will dare to use the same language in this year's State of the Union. I do.
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I could go on and on, taking quotes out of last years speech and making comment. But you get the point. Turns out last year's speech was all blow. Oh, they passed ObamaCare, but it will take the next 3 years to finish writing the 100,000 pages of new regulations for that bill. Over 250 corporations and county governments have demanded waivers because they cannot afford to be part of this new and inexpensive health insurance scam. Unemployment is on a straight line. There are more bankruptcies today than a year ago. There are more foreclosures than a year ago. We have actually lost another 3/4 million jobs since that last speech.
I will read the text of this year's State of the Union address because I report on such things, but I have no intentions of listening to his performance. It means nothing and we have last year's speech to prove the point.
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