Best of the Week
Most Popular
1. Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - Nadeem_Walayat
2.Gold Price Focusing on May Cycle Bottom - Jim_Curry
3.Silver, silver, and silver! There’s More Than Silver, People! - P_Radomski_CFA
4.Is the Malaysian Economy a Potemkin Village - Sam_Chee_Kong
5.Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - Troy_Bombardia
6.A Big Stock Market Shock is About to Start - Martin C
7.A Long Term Gold Very Unpopular View - Rambus_Chartology
8.Stock Market “Sell in May and go away” Study When Stocks Are Down YTD - Troy_Bombardia
9.Global Currency RESET Challenge: Ultimate Twist - Jim_Willie_CB
10.The Coming Silver Supply Crunch Is Worse Than You Know - Jeff Clark
Last 7 days
More Clarity for the Short Term for Bitcoin Price - 22nd May 18
Study: A Rising and Strong U.S. Dollar Isn’t Consistently Bearish for the Stock Market - 22nd May 18
Gold, Silver & US Dollar Updates with Review of Latest COTS - 22nd May 18
Upside DOW Stock Market Breakout May Be Just the Beginning - 22nd May 18
5 Reasons Why Forex Trading Is Becoming Such A Big Deal In SA - 22nd May 18
Fibonacci And Elliot Wave Predict Stock Market Breakout Highs - 21st May 18
Stock Market Ideal Cycle Low Near - 21st May 18
5 Effects Of Currency Fluctuations On The Economy - 21st May 18
Financial Conditions are Still too Easy for the Stocks Bull Market to End - 21st May 18
US Stock Market Elliott Wave Predictions for 2018 and Beyond - 20th May 18
Are You Still Fearful of Cryptos? - 20th May 18
US Stocks - Why I am Short-term Bearish, Medium-term Bullish - 20th May 18
Looking for a Turn in Gold Price - 20th May 18
GDX Gold Mining Stock Fundamentals 2018 - 19th May 18
Semiconductor Stock Market Canaries: Chirp, Warble… Soon a Croak and Silence? - 19th May 18
Three Drivers of Gold Price - 18th May 18
Gold Market in First Tertile of 2018 - 18th May 18
What Happens Next When Small Cap (Russell) Leads the Stock Market - 17th May 18
Negative Signs for EUR/USD? AUD/USD - Battle - 17th May 18
DOW Jones and CRUDE Oil on a Cliff Edge, Waiting for a Nudge! - 17th May 18
Gold Price No More Subtleness – It’s Show Time! - 17th May 18
VIX Cycles Point to Stock Market Correction - 17th May 18
Trump Sounds End Times Armageddon Trumpet for Jerusalem, Israel Evangelical Prophecies - 16th May 18
Our Next Stock Market Dow Fibonacci Price Targets – Get Ready! - 16th May 18
The Coming Copper Crunch - 16th May 18
Stock Futures Are on a Sell Signal - 16th May 18
What to do When the IRS Comes for Your Property - 16th May 18
IS BITCOIN ANONYMOUS? - 16th May 18

Market Oracle FREE Newsletter

Trading Lessons

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

© 2005-2018 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

6 Critical Money Making Rules