1) Dull, dull, dull! Nothing inspiring or even interesting.
2) He spent more time and gave more detail attacking the opposing plan than he spent and gave on his own plan.
3) He lied about the surplus and being able to fund Social Security at the end of the Clinton administration. The “surplus” was projected and not actual. Social Security was being raided each year to pay for other spending. There was no money set aside for future obligations. It was all IOUs from the Treasury Department to Social Security. One part of the government owes another part of the government money. Might as well say my left hand owes my right hand money.
He also took the old “blame Bush for everything” tack. Much as I loathe the political dynasty that is the Bush family — the only time I ever again want to hear “Bush” in a political context is if Congress for some reason is debating a bill about shrubbery — the national debt has climbed 40 percent in the two years Obama has been president. And the annual budget deficits under Obama are far larger than they were under any of Bush’s eight years in office.
4) For most of this nation’s history — until the 1930s — the federal government consumed just 2 to 3 percent of the economy. Obama would keep it well above 20 percent of the economy, and Ryan’s plan would put it at 20 percent — and that’s assuming they hit their targets, which is a huge if. At the end of the Clinton administration — Clinton was a liberal Democrat, remember — the federal government consumed 18 percent of the economy.
5) His domestic “investments” are more of the government manipulations of rail, broadband, alternative energy, etc. that have so far failed to achieve anything of substance. If he wants to cut military spending, maybe he should end the wars in Iraq and Afghanistan as he promised while candidate Obama, and end the new war he’s started in Libya. His health cost cuts would simply be rationing of care, thus putting government in charge of deciding who gets what and when. His evidence-based medicine would take decisions out of the hands of doctors and patients and puts decisions in the hands of bureaucrats.
6) I heard about tax “expenditures” that limit deductions for top earners but virtually nothing about the trillions of dollars of corporate welfare that has been flowing to banks, auto companies, insurance companies, the wives of Morgan Stanley executives, ethanol producers, etc. His commitment to “domestic investment” actually keeps the corporate welfare spigot open.
7) In two phrases near the end of the speech, he showed his warped perception of America.
a) He referred to his desire to tax the wealthy more and said this would be proper because America has done things for the wealthy. First, the federal government is not America. The White House, Congress and Senate could magically disappear, and there would still be an America. Most successful people achieved success with little or nothing from the federal government beyond the national defense and other things the federal government provides to all people. Second, most wealthy people have done things for America by inventing things, creating jobs, providing investment capital, etc. They become wealthy by doing things that benefit millions of people.
b) Obama also said to “think about the country that made these liberties possible.” That’s bass ackwards. The country was not created and then liberties bestowed on us. Liberty was achieved and the country was created to preserve those liberties.