Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
Fed Quantitative Tightening Impact on Stocks and Gold - 22nd Sep 17
Bitcoin & Blockchain: All Hype or Part of a Financial Revolution? - 22nd Sep 17
Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms - 22nd Sep 17
Will North Korea Boost Gold Prices? Part I - 22nd Sep 17
USDJPY Leads the way for a Resurgent Greenback - 22nd Sep 17
Day Trading Guide for Dummies - 22nd Sep 17
Short-Term Uncertainty, As Stocks Fluctuate Along Record Highs - 21st Sep 17
4 Reasons Gold is Starting to Look Attractive as Cryptocurrencies Falter - 21st Sep 17
Should Liners Invest in Shipping Software Solutions and Benefits of Using Packaged Shipping Software - 21st Sep 17
The 5 Biggest Bubbles In Markets Today - 20th Sep 17
Infographic: The Everything Bubble Is Ready to Pop - 20th Sep 17
Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami That May Hit Us Within 10 Years - 20th Sep 17
Stock Market Waiting Game... - 20th Sep 17
Precious Metals Sector is on Major Buy Signal - 20th Sep 17
US Equities Destined For Negative Returns In The Next 7 Years - 3 Assets To Invest In Instead - 20th Sep 17
Looking For the Next Big Stock? Look at Design - 20th Sep 17
Self Employed? Understanding Business Insurance - 19th Sep 17
Stock Market Bubble Fortunes - 19th Sep 17
USD/CHF – Verification of Breakout or Further Declines? - 19th Sep 17
Blockchain Tech: Don't Say You Didn't Know - 19th Sep 17
The Fed’s 2% Inflation Target Is Pointless - 19th Sep 17
How To Resolve the Korean Conundrum  - 19th Sep 17
A World Doomed to a Never Ending War - 19th Sep 17
What is Backtesting? And Why You Need Backtesting System? - 19th Sep 17
These Two Articles Debunk The Biggest Financial Nonsense I See In The Media - 18th Sep 17
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials - 18th Sep 17
The Sum of Risks – Global, Strategic, Political, and Financial - 18th Sep 17
The Netflix Of Canada’s Cannabis Boom - 18th Sep 17
Stock Market Sentiment Speaks: Either You Learn From The Events Of The Past Week, Or You Are Hopeless - 18th Sep 17
SPX 2500 … At Last! - 18th Sep 17
Inflation Lies, Lies and OMG More Lies - 18th Sep 17
How to Choose right Forex Trader? - 18th Sep 17
Who Has Shaped the World the Most? The Dozen Greatest Achievers - 17th Sep 17
Riding the ‘Slide’: Is This What the Next Stocks Bear Market Looks Like? - 17th Sep 17
Gold Up, Markets Fatigued As War Talk Boils Over - 17th Sep 17
Predicting the Future of the U.S. and the World - 16th Sep 17
Deceit in the Financial Food Chain - 16th Sep 17
Gold GLD ETF Investment Resuming - 16th Sep 17
Extreme Weather & Energy Markets: What's Next? - Video - 15th Sep 17
Trump’s Path to IP Wars - 15th Sep 17
GBP USD Approaches Fibonacci Target - 15th Sep 17
Higher US Interest Rates May Force Higher Inflation Rates - 15th Sep 17
Stock Market Investors: Taking the Road "Less Traveled" Has Its Perks - 15th Sep 17
The 3 Best P2P Lending Platforms For Investors In 2017—Detailed Analysis - 15th Sep 17
The US Debt Bubble Will Soon Warrant Serious Measures - 15th Sep 17
Why it is Often Difficult to Sell a House Fast - 15th Sep 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

Obama's State of the Union Speech to Disguise True Agenda

Politics / US Politics Feb 12, 2013 - 02:23 PM GMT

By: Money_Morning

Politics

David Zeiler wrotes: In his State of the Union speech Tuesday night, U.S. President Barack Obama will risk the ire of Republicans by telling the nation the government needs to spend more money to restore economic prosperity.

President Obama will spend much of his fifth State of the Union address outlining several new initiatives aimed at bringing relief to middle-class Americans hard hit by the Great Recession, White House officials have told several major news organizations.


"Our single biggest remaining challenge is to get our economy in a place where the middle class is feeling less squeezed, where incomes sustain families," a senior administration official who had seen a draft of the speech told The Washington Post.

But while the U.S. economy will be the overriding theme of President Obama's State of the Union speech, many of the proposals will not coincidentally advance many of the president's other favorite issues, such as climate change and education.

According to those who have seen the speech, President Obama is expected to announce initiatives in education, infrastructure, clean energy and manufacturing. White House officials told The New York Times that the cost of these proposals would be offset by savings elsewhere in the budget - or new revenues.

Tailoring the State of the Union to Public Opinion
The president will try to wrap all of these issues in an economic package in order to benefit from the public's overwhelming focus on jobs and the economy.

In a recent Pew Research poll, 86% of respondents said "strengthening the economy" should be a 2013 priority for Washington. The next two issues were "improving the job situation" (79%) and "reducing the budget deficit" (72%).

Only 37% cited "strengthening gun laws" as a priority, and just 39% cited "dealing with illegal immigration."

Those issues remain White House priorities and will appear in the State of the Union, but the lack of public enthusiasm for them calls for a more creative approach.

The State of the Union will cleverly weave the president's wide-ranging agenda into a message on the economy that tells the average American what he wants to hear.

For example, investing in clean energy will be described as vital for job creation. Likewise, the president will tell us dealing with immigration will help boost economic growth. Spending on education will help give workers the skills they need to be competitive in a global economy.

President Obama gave Democratic House members a taste of this strategy when he spoke to them at a retreat last week.

"My governing philosophy and my interest in public service grows out of how we make that union more perfect for more people day in, day out," the president said. "And that starts with an economy that works for everybody.... Our economy grows when everybody is getting a fair shot, and everybody is getting a fair shake, and everybody is playing by the same rules."

State of the Union Speech: GOP Won't Be Pleased
Meanwhile, President Obama will try to put more pressure on recalcitrant Republicans by reminding them that his re-election was an endorsement by U.S. voters of his policies not just on the economy, but immigration, gun control, gay marriage and climate change.

"There are a surprising number of Republicans who seem to think that elections don't matter, who are ready to block widely popular agenda items that the American people voted for in November," former Obama campaign press secretary Ben LaBolt told Politico.

Still, it's unlikely many Republicans will be swayed by the speech.

In particular, any proposals that call for new spending, regardless of how President Obama says he will pay for them, will get an icy reception from House Republicans, who have fought him on budget issues for much of the past two years.

Having just agreed to some tax increases for the wealthy at the beginning of January, and an extension of the debt ceiling until mid-May, House Republicans now want to talk about spending cuts.

"He just got his tax hike on the wealthy, and you can't in this town every three months raise taxes. Again, every time, that's his response," House Majority Leader Eric Cantor, R-VA, said on NBC's "Meet the Press" Sunday. "We've got a spending problem, everybody knows it."

The official Republican response to the State of the Union address has been entrusted to Florida Sen. Marco Rubio, who will speak after the president. Insiders have said Rubio will be "tough" on President Obama.

Rubio will have his hands full if the president successfully couches his liberal goals in terms of helping the economy.

And yet President Obama in his speech may offer GOP lawmakers some sort of political escape hatch, particularly on the looming budget battle.

A White House official asked by Politico about how the president's approach to this year's State of the Union differs from previous years responded by quoting Chinese military strategist Sun Tzu:

"Build your opponent a golden bridge to retreat across."

Source :http://moneymorning.com/2013/02/11/state-of-the-union-speech-to-disguise-true-obama-agenda/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife