REMARKS BY THE PRESIDENT ON THE ECONOMY
The White House, Office of
the Press Secrectary
I want every American to know
that each action we take and each policy we pursue is driven by a larger
vision of America's future -- a future where sustained economic
growth creates good jobs and rising incomes; a future where
prosperity is fueled not by excessive debt, or reckless speculation, or
fleeting profits, but is instead built by skilled, productive workers,
by sound investments that will spread opportunity at home and allow this
nation to lead the world in the technologies and the innovation and
discoveries that will shape the 21st century. That's the America I
[Notice the absence of any reference to entrepreneurial ventures -- the
individual ingenuity and personal efforts that has been the praise and
envy of the world. Instead, he emphasized the management of "workers" --
the key vision of totalitarian socialism.]
...since the problems we face are all working off each other to feed a
vicious economic downturn, we've had no choice but to attack all fronts
of our economic crisis simultaneously.
The first step was to fight a severe shortage of demand in the
Second, I absolutely agree that our long-term deficit is a major problem
that we have to fix. But the fact is that this recovery plan represents
only a tiny fraction of that long-term deficit.....
Finally, to coordinate a global response to this global recession, I
went to the meeting of the G20 nations in London the other week. Each
nation has undertaken significant stimulus to spur demand....
It is simply not sustainable
to have a 21st-century financial system that is governed by 20th-century
rules and regulations that allowed the recklessness of a few to threaten
the entire economy....
[In the next section, notice how God's Word is taken out of context and
used to substantiate a global socialist economic system. But his
fallacious arguments have nothing to do with actual economic realities:]
Now, there's a parable at the
end of the Sermon on the Mount that tells the story of two men. The
first built his house on a pile of sand, and it was soon destroyed when
a storm hit. But the second is known as the wise man, for when "the rain
descended, and the floods came, and the winds blew, and beat upon that
house, it fell not: for it was founded upon a rock."
It was founded upon a rock.
We cannot rebuild this economy on the same pile of sand. We must build
our house upon a rock. We must lay a new foundation for growth and
prosperity -- a foundation that will move us from an era of borrow
and spend to one where we save and invest; where we consume less at home
and send more exports abroad
[The next illustration brings a reminder of "The five pillars of Islam."
Islamic banking -- based on Sharia law -- is fast expanding into
Western nations, including the USA]
It's a foundation built upon
five pillars that will grow our economy and make this new century
another American century: Number one, new rules for Wall Street....
number two, new investments in education that will make our
workforce more skilled and competitive.... number three, new investments
in renewable energy and technology.... number four, new
investments in health care.... and number five, new savings in
our federal budget that will bring down the debt for future generations
[probably includes reducing entitlements and health care for the
That's the new foundation we must build. ... Let me talk about each of
these steps in turn. The first step we will take to build this
foundation is to reform the outdated rules and regulations that allowed
this crisis to happen in the first place.....
[He proceeds to discuss the second, third and fourth points, but
not the fifth point.
He ends with his supposedly Biblical reference. It must sound good to
all who don't know the context. Remember, the solid rock refers knowing
and following God's Word -- what Obama has repeatedly mocked. And his
final statement mocks the values of America's founders. Unlike Obama,
they did attempt to
build on the
foundations of God's holy Word.]
That is the house upon the rock -- proud, sturdy, unwavering in the face
of the greatest storms. And we will not finish it in one year. ... But
if we use this moment to lay that new foundation, if we come together
and begin the hard work of rebuilding, if we persist and persevere
against the disappointments and setbacks that will surely lie ahead,
then I have no doubt that this house will stand and the dream of our
founders will live on in our time.
In preparation for this important speech, Christian
symbols had to be hidden:
Religious Symbols Covered Up When President Obama Spoke at a Catholic University:
Officials at Georgetown University covered a monogram symbolizing the name of Jesus because it was inscribed on the stage where the president spoke Tuesday. The White House asked for all symbols to be covered at the lecture hall.
...."The cowardice of Georgetown to stand fast on principle tells us more than we need to know... but the bigger story is the audacity of the Obama administration to ask a religious school to neuter itself before the president speaks there."
The Sting, in Four Parts
by Charles Krauthammer, April 17, 2009: "In a major domestic policy
address at Georgetown University this week, Barack Obama promised --
eight times -- a 'New Foundation.' For those too thick to have noticed
this proclamation of a new era in American history, the White House Web
site helpfully titled its speech excerpts 'A New Foundation.'...
Obama offered his New Foundation speech as the complete, contextual,
canonical text for the domestic revolution he aims to enact. It had
everything we have come to expect from Obama:
- The Whopper: The boast that he had "identified $2 trillion in
deficit reductions over the next decade." It takes audacity to
repeat this after it had been so widely exposed as transparently
- The Puzzler: He further boasted of his frugality by saying that
his budget would reduce domestic discretionary spending as share of
GDP to the lowest level ever recorded....
- The Non Sequitur: ...Obama rarely fails to repeat this false
connection. A crisis -- and the public's resulting pliability to
liberal social engineering -- is a terrible thing to waste....
- The Swindle: The Obama administration is spending money like
none other in peacetime history....