Wednesday, February 3, 2010
Obama's State of the Union Address
Barack Obama’s State of the Union address seems very good. Its great that he points out that he and absolutely everyone else hated the bank bailouts. But I would point out that I’ve seen conservatives in the United States blame the hated bank bailouts only on Obama and point to it as example of why Obama is socialist, etc. American conservatives backing Republican Scott Brown in the recent upset Massachusetts Senate election cited the bank bailouts as one of the reasons that they believe Obama is so terrible. But I would point out that the bank bailout bill was signed by George W. Bush in 2008. I’m not sure if Obama was even there to vote for the bank bailout – he was probably out campaigning at the time. American conservatives also have railed against Obama’s stimulus package. But their argument does not hold much water when one considers that Bush also supported a stimulus package in the fall of 2008 but Republicans in his own party filibustered the Bush-supported stimulus until the session ran out. All of these things were just being done to prevent the collapse of the economy and these bailouts and stimulus packages do seem to be preventing the economy from collapsing and seem to be even helping the economy to recover. So in conclusion I’d say a lot more work needs to be done in the United States capital but Obama has given a great State of the Union address.
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