The president’s un-American world view 3

Although the president said in his State of the Union speech last night that ‘The true engine of job creation in this country will always be America’s businesses’, which seems to be a pro-free market view, Erick Erickson at REDSTATE finds convincing evidence in the speech that Obama is against the free market, and probably does not understand how it works.

He quotes this passage:

To make college more affordable, this bill will finally end the unwarranted taxpayer-subsidies that go to banks for student loans. Instead, let’s take that money and give families a $10,000 tax credit for four years of college and increase Pell Grants. And let’s tell another one million students that when they graduate, they will be required to pay only ten percent of their income on student loans, and all of their debt will be forgiven after twenty years – and forgiven after ten years if they choose a career in public service. Because in the United States of America, no one should go broke because they chose to go to college. And it’s time for colleges and universities to get serious about cutting their own costs – because they too have a responsibility to help solve this problem.

And he comments

Barack Obama wants to create a new entitlement that will drive the costs of collegiate education through the roof. If a student knows that only ten percent of their income will be used to pay their student loans and no matter what those students loans are they will be forgiven after 20 years, neither the student nor the college has any incentive to save money. It is basic free market economics.

That the President of the United States would say such a thing and think it a good, responsible idea suggests the man is truly ignorant of or an enemy of the free market.

Beyond that, note the preference for government work. Job creators are given a disincentive. Job regulators are given an incentive. This is both perverse and noxious.

One cannot read through the State of the Union address and come to any other conclusion than that Barack Obama is declaring war on the free market. It is more and more clear that Barack Obama does not have an American world view.

A transcript of the whole SOTU speech can be found here.

Posted under Commentary, Economics, government, Progressivism, Socialism, United States by Jillian Becker on Thursday, January 28, 2010

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This post has 3 comments.

  • He is an embarrassment

  • USMC

    I did a couple a years at a community college and put myself into a little bit of debt. I found about this Post 9/11 GI Bill that the goverment provides after 4 years of active duty military service. Now my problems with education costs are solved and I'm having the time of my life being a Marine. I call it smart living, liberals do not believe in smart living or elevating the American people. The play off peoples naivety and laziness for votes and to be quite frank it repulses me as a self-aware human being. You help Americans by informing them of what options they have. You don't hand them a career for free it defeats the purpose of struggle, which only makes us stronger individuals.

    I believe it all comes down to a matter of personal responsibility. Obama doesn't like personal responsibility, which a free market is based on. The free market empowers the ones that go out and work hard for their living and most of all for their own health care. I believe people are waking up though in this country though and seeing threw most of his bullshit and his socialist strategies. Americans are getting sick of paying taxes for the underachievers in this country and I am no means an underachiever. I work for a living and I'm pretty damn good at it. The human race has the capabilities of abstract reasoning and complex problem solving skills. Collectively we need to start using it in this country, before we destroy this country. Great post though, you only reinforce my ideas already. I apologize for the rant.

  • philabor

    I couldn't agree more.

    “Barack Obama is declaring war on the free market.” – just like his hero, Hugo Chavez. How's that working out for Venezuela?