The Real State of the Union By Tom Blumer

    Foreclosed home for sale

In his State of the Union speech on February 12, President Barack Obama failed to note that this nation’s 16th President, Abraham Lincoln, was born on the same date 204 years earlier. Perhaps that’s because it was Lincoln who said: “Better to remain silent and be thought a fool than to speak out and remove all doubt.”

Obama removed all doubt about his foolishness — at least in his public statements, though possibly not in regards to his and fellow progressives’ larger agenda — when he told the assembled senators and congressmen that, concerning the state of the economy, “[W]e have cleared away the rubble of crisis, and can say with renewed confidence that the state of our union is stronger.”

No it’s not, and all of the insufferable media cheerleading describing jobs reports as “mostly encouraging” even when the official unemployment rate goes up, and about “A U.S. Economy That’s Strengthened Over [the] Past 4 Years,” won’t change that.

The evidence could take up a book. I’ll limit mine to three areas: employment, student loans, and housing.
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It took an average of just 24 months to regain all the jobs lost in the previous nine recessions. But at the current Obama job-creation pace, it will take about 80 months to regain those lost jobs.

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