Biden’s State of the Union Another Futile Plug for Build Back Better

State of the Union image from White House briefing room

Text of Biden’s Address

Interested parties can find the Remarks of President Joe Biden – State of the Union Address as Prepared for Delivery at the White House Briefing Room.

The president kicked off with some words on Russia and Ukraine including a few words we should all agree with.

“Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Ukrainian people. He will never extinguish their love of freedom.”

On inflation, Biden noted “too many families are struggling to keep up with the bills. Inflation is robbing them of the gains they might otherwise feel.”

“I get it. That’s why my top priority is getting prices under control.” said the president. 

No! He doesn’t get it. 

The rest of his speech was nothing but one plug after another for Build Back Better, which he says “I call it building a better America.”

Curiously, he bragged about being “the only president ever to cut the deficit by more than one trillion dollars in a single year,” even though that comes the largest deficit in history, trillion dollar deficits for as fart as the eye can seen and a plan that dramatically understates the deficit by at least a trillion more.

To attack inflation the president says “Tonight, I’m announcing a crackdown on these companies overcharging American businesses and consumers.”

Excuse me for pointing out that oil futures are up, agricultural futures are up, metal futures are up, and lumber futures are up. 

It’s ridiculous to attempt to pin inflation on gouging. But he needs a scapegoat and found was as expected.

After attacking gougers Biden called for child tax credits, unionization, paycheck fairness, and a cornucopia of items 100% guaranteed to raise inflation.

On Covid, the president called for “free vaccines, treatments, tests, and masks.”

“Of course, continuing this costs money. I will soon send Congress a request.”

What a hoot: These “free” programs “cost money”. Who coulda thunk?

Read the rest yourself. Or just tune into Elizabeth Warren.

It reads as if Warren and the extreme Progressive wing of the party wrote his speech.

The president is seriously out of touch and the polls all show it.

Addendum Courtesy of Steph Pomboy

This post originated on MishTalk.Com.

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prumbly
prumbly
3 years ago
“… trillion dollar deficits for as fart as the eye can see…”
Freudian slip there somewhere…
Six000mileyear
Six000mileyear
3 years ago
We know the state of the union: dementia.
Dr_Novaxx
Dr_Novaxx
3 years ago
I’m sorry I couldn’t even bear to watch, I don’t dislike the guy, but he just doesn’t say anything I’m interested in hearing.  Mish I’m glad people like you watched and could distill the information for us, you told me everything I need to know in a 15 second read, saves me a lot of time & angst.
Cocoa
Cocoa
3 years ago
Biden takes from the real Bush Doctrine, which is,”Say it enough and it’s true.” Though this time, most people think he has Alzheimers and is incompetent and led by the Progressive wing. We can only hope he hangs on until the midterms, the DNC gets wiped out and then Kamala has to take over and cannot get anything done and then her large behind is run out of DC
RonJ
RonJ
3 years ago
On Covid, the president called for “free vaccines, treatments, tests, and masks.”
Denninger: This is yet another data set, this time from Israel and Pfizer which was intentionally suppressed and is still being intentionally suppressed.
“Additionally, roughly 24% of people with pre-existing autoimmune disorders, and 5%-10% of those with diabetes, hypertension, and lung and heart disease, also reported a worsening of their condition.”
RonJ
RonJ
3 years ago
Reply to  RonJ
Are the vaccines free, if they result in worsening health conditions that require more medical treatment?
Are they safe, if they cause these problems?
 
Dr_Novaxx
Dr_Novaxx
3 years ago
Reply to  RonJ
Beware of Greeks bearing gifts…A free injection that changes your DNA to continually produce toxins will cost you your good health, and that’s a very steep price to pay.
Tony Bennett
Tony Bennett
3 years ago
“Another Futile Plug for Build Back Better”
Hhmm, this doesn’t bode well for prospect:
Sen. Joe Manchin, a Democrat from West Virginia, opted to sit on the Republicans’ side of the House chamber during President Biden’s first State of the Union address.
thimk
thimk
3 years ago
Reply to  Tony Bennett
wow , I  hear the Rhinos  are losing credibility also .
TheWindowCleaner
TheWindowCleaner
3 years ago
It’s presently futile alright…because both sides are either 1) bought and sold by the banking/financial interests who own the joint or 2) ignorant of the fact that the austrian/libertarian route to price deflation is doubling everyone’s purchasing power with a 50% Discount/Rebate policy at retail sale NOT AUSTERITY. Well meaning but stubborn dunces who can’t think a new thought are doomed to repeat the history of every empire that did not deal with debt deflation. WAKE UP AND THINK A NEW THOUGHT!
TheWindowCleaner
TheWindowCleaner
3 years ago
The 50% Discount/Rebate policy is also the route to large tax reductions and payroll tax elimination by the way. Every genuine paradigm change is enabled by the ability of people to dare to embrace conceptual opposition and characterized by temporal universe inversion of reality. The Copernican cosmological paradigm change for instance where the realization was that inverting the positions of the earth and the sun led to all of the elimination of all of the anomalies of Ptolemaic cosmology and so accurate tracking of the planets. Try it, you’ll like it
dbannist
dbannist
3 years ago
The President called on companies to reduce costs, keep wages high and also wants to tax them more.

So raising taxes on companies reduces costs how exactly?

Tony Bennett
Tony Bennett
3 years ago
Reply to  dbannist
I cringe when career politicians talk economics … especially on MMT.
thimk
thimk
3 years ago
Reply to  dbannist
not a word on reducing tariffs .
FromBrussels
FromBrussels
3 years ago
slightly off topic …..WHY does the US of A have so many military bio labs in corrupt basket case Ukraine ?  The answer is in my very question of course …..’corrupt and basket case’   I LOVE THE US ! …..A FN EXAMPLE FOR THE WHOLE FN WORLD ! 
Zardoz
Zardoz
3 years ago
Reply to  FromBrussels
Should change your handle to FromMoscow.
FromBrussels
FromBrussels
3 years ago
Reply to  Zardoz
that doesn’t  answer my question ….and I AM from Brussels….only a odd 30 kms away from it and from EU and NATO HQs… helas 
Doug78
Doug78
3 years ago
Reply to  FromBrussels
Why are you still near there at ground zero???? I told you to get away.
FromBrussels
FromBrussels
3 years ago
Reply to  Doug78
listen di$khead  STOP IT !    I for one don  t need, and nobody for that matter,  needs your STUPID cynical comments ….unless you are passed 80  and want to sing your swan song….
Doug78
Doug78
3 years ago
Reply to  FromBrussels

Look
friend. I am deadly serious. There is a high chance of things becoming
uncontrolled. Both sides have positions that are completely incompatible. There
is no possibility of compromise that either side will accept so it comes down
to brute force and that is not in Russia’s favor so there is a definite
possibility that the worse will happen. I lived a good part of my life under the MAD doctrine. It’s back with a vengence so get used to it.

FromBrussels
FromBrussels
3 years ago
Reply to  Doug78
OK ,  under the circumstances I do get carried away in recent days,  I admit ,  especially so  because I ve never been  the typical follower, whatsoever……Believe me, I am a reasonable person,  quite sceptic though vs our idiotic leaders and criminal US in general…. 
Doug78
Doug78
3 years ago
Reply to  FromBrussels
Read Thucydides’ “History of the Peloponnesian War”. It has all happened before many times.
Maximus_Minimus
Maximus_Minimus
3 years ago
Reply to  FromBrussels
You might have a valid point, but the way you put it is not conducive to your argument.
FromBrussels
FromBrussels
3 years ago
CAN you help me then ? 
thimk
thimk
3 years ago
double down on a failed policy , -If the GOP mid term gains are overwhelming , perhaps congress  can pass  mitigation legislation without executive approval . 
KidHorn
KidHorn
3 years ago
Worst president and administration in my lifetime. Maybe ever. Don’t know enough about the 1800’s to state confidently.
The people in charge only care about gaining autocratic control of the US in perpetuity. They couldn’t care less about the ordinary travails of the people.
Anon1970
Anon1970
3 years ago
Reply to  KidHorn
Bush 43 got the country into a war that lasted 20 years. He paid for the war by borrowing money and failed to pay for even part of the war by having Congress cancel his tax cuts. So he gets my vote for being the worst president in the past 75 years. High on my list is LBJ whose Vietnam adventure cost almost 60,000 American troops their lives. It also ruined the lives of many others who came back from the war as drug addicts and/or alcoholics. Biden’s term is less than half over so I will reserve judgment on him until he leaves office.
jiminy
jiminy
3 years ago
Reply to  Anon1970
I agree except LBJ is number one and Bush two.  LBJ forced 18 year olds to spend 13 months in hell before they could vote or buy a beer.  What a monster, Bush was merely an idiot with power, LBJ was evil.
Mish
Mish
3 years ago
Reply to  jiminy
I believe Bush was primarily an idiot
Cheney was evil and calling the shots for Bush
Captain Ahab
Captain Ahab
3 years ago
Reply to  Mish
Perhaps the Cheney negativity stemmed from his being far smarter than Bush, and therefore could not be tolerated? One thing I am certain of: mind control thrives in the USA, on all sides.
Dutoit
Dutoit
3 years ago
Is there an estimate of the supplementary inflation (if any)  that would be caused by the end of delivery of Russian gas and oil to NATO countries ?
Jojo
Jojo
3 years ago
Reply to  Dutoit
Doesn’t matter.  We need to do what has to be done.  No pu**y footing around.
Dutoit
Dutoit
3 years ago
Reply to  Jojo
This matters if it brings the fall of western economy
Jojo
Jojo
3 years ago
Reply to  Dutoit
It’s not going to destroy any wester economy.  Whew.  Did WWII destroy our economy?  Will somethings be more difficult?  Sure.  But that is the price that needs to be paid.
KidHorn
KidHorn
3 years ago
Reply to  Dutoit
Oil shippers are afraid to pickup Russian oil. They’re afraid sanctions will kick in prior to delivery and they’ll be stuck with oil they can’t unload. I can only see this driving up the price of oil. Nobody trusts anything NATO says.
Russia was exporting about 5 mbpd. And I think about 95 mbpd is exported world wide, so a drop of 5% or so worst case.  The effect on prices will be determined by how much oil production can be increased elsewhere. The US is producing about 2 mbpd less than our peak thanks to wokeness. That would have helped a lot.
Roadrunner12
Roadrunner12
3 years ago
Reply to  KidHorn
Im reading self sanctioning of Russian oil is >2 mbpd and possibly up to 4 mpbd or more. I have my doubts that production can be increased elsewhere to make up for the lost oil. Pretty much everyone was pumping full out plus oil companies capex have been declining for the last 8 years or so. As this plays out Im guessing the Russian oil will probably end up in China and India just like Iranian oil.
The collateral damage remains to be seen. We can expect much higher prices for food and energy, fertilizer, etc. Coal is now at an all time high.
Roadrunner12
Roadrunner12
3 years ago
Reply to  Roadrunner12
Im also reading that China is not sanctioning Russia. As you have said in a few posts, Russia is being driven more and more to be a satellite state of China. Eventually Germany being drawn in also becomes more realistic. I believed the 2014 Russian sanctions were a mistake and now we have 2022 Russian sanctions.
KidHorn
KidHorn
3 years ago
Reply to  Roadrunner12
Germany is my biggest fear. China clearly want Eurasia to become a single trading block and Russia, being in between China and Europe would be a huge beneficiary. China is pushing their belt and road initiative and has made a lot of progress. Germany would be better off getting goods from Asia via land routes than getting goods via sea routes. And if Germany ever figured this out and became an ally of Russia and China, all of Europe would soon follow. Maybe not Britain.
Roadrunner12
Roadrunner12
3 years ago
Reply to  KidHorn
Economic realities starting to hit home. Europe would definitely be the most affected by Russian sanctions. Germany getting cold feet?
Roadrunner12
Roadrunner12
3 years ago
Reply to  Roadrunner12
Oops, never noticed the article was on Jan 23, 2022?
FromBrussels
FromBrussels
3 years ago
Reply to  Roadrunner12
CHINA ??   FORGET IT !  Rhetorically and theoretically…possibly….but that ‘s where it ends !
Roadrunner12
Roadrunner12
3 years ago
Reply to  KidHorn
Like I said, its very confusing about whats going on with Russian oil. Oil shippers in a quandry about what to do? Apparently  govts want to continue importing Russian oil.
Jojo
Jojo
3 years ago

On Covid, the president called for “free vaccines, treatments, tests, and masks.”

“Of course, continuing this costs money. I will soon send Congress a request.”

I was hoping to hear him say that after reading Robert F Kennedy Jr’s book title “The Real Anthony Fauci”, I have asked for Dr. Fauci’s resignation and will ask the Attorney General to investigate his prosecution. 
JeffD
JeffD
3 years ago
It was a campaign speech… and a very bad one at that. He basically proposed an array of subsidies, whose net effect is to drive up prices. Way up. That’s how government “leadership” fights inflation.
Democritus
Democritus
3 years ago
“trillion dollar deficits for as fart as the eye can seen”
FAR… SEE… (remove comment after)
TexasTim65
TexasTim65
3 years ago
As I said in the last thread, he’s completely obtuse to what’s going on.
Essentially he said we can raise taxes on companies and they should hold the line on salaries (or raise them) and make up the profit difference via some sort of magic productivity increase that lowers costs! Presumably because higher wages / union wages will make people more efficient in their jobs and somehow make raw materials go further.
Electric cars of course are the solution to the high gas prices. Never mind that upgrading the car costs thousands or 10s of thousands that make take a decade or more to pay for itself (if ever).
That’s without getting into all the Build Back Better / Building a Better America nonsense.
His speech essentially says there is nothing the government is going to do in the short term for Americans because not a single thing in his speech is going to help in the next year (ie Mid-Terms). It’s shaping up to be a blood bath.
KidHorn
KidHorn
3 years ago
Reply to  TexasTim65
Not to mention there are huge material constraints limiting electric car production.
Karlmarx
Karlmarx
3 years ago
Reply to  KidHorn
I don’t want to sound partisan or insulting but why on earth to democrats think that somehow electricity just comes magically out of their wall.  
KidHorn
KidHorn
3 years ago
Reply to  Karlmarx
The same reason they think supermarkets produce their own food. I think  if you plotted a chart of ignorance vs political affiliation, you would see a straight line.
Captain Ahab
Captain Ahab
3 years ago
Reply to  Karlmarx
But it does. Stick your finger in a socket and you will see electricity is inside the wall.
Roadrunner12
Roadrunner12
3 years ago
Reply to  Captain Ahab
You can feel electricity is inside the wall but you cant see electricity inside the wall.
Carl_R
Carl_R
3 years ago
Reply to  TexasTim65
Raising taxes on corporations is fine, but they will just pass it through. Corporations collect taxes, not pay them. To “pay” tax is to give it to the government in lieu of consumption, and corporations are not consumers. They collect money from customers, and pass it to suppliers, employees, government, and shareholders. If they give more to government, they need to either give less to one of the others (suppliers, employees, or shareholders), or collect more from customers, and it is almost always to collect more from customers.
TexasTim65
TexasTim65
3 years ago
Reply to  Carl_R
I don’t think you have that quite right. Corporations collect sales tax which they remit to the government, so that part is true.
But they pay taxes on their profits. No profits, no tax. The idea that corporations aren’t consumers is only partially true because *someone* owns those corporations (share holders or just a personally held family business) and those *someones* are themselves consumers. So every dollar less in profit (due to tax) is a dollar less than shareholders/business owners have to consume.
Now some businesses can raise prices to offset higher taxes but it’s a never ending spiral of chasing your tail. If you sell 1 million goods for $1 profit each which is $1 million total profit and the tax goes from 20% (200K) to 30% (300K) then you need to either sell ~120K more items OR you need to raise your price per item by 10% (100K/1 million items). Both things are hard to do in competitive markets because selling 120K more items means someone else sells 120K less items or consumers need to have 10% more disposable income they weren’t using elsewhere (or you pull 10% away from some other sector). Typically what happens is in essential goods (food, energy etc) consumers have to suck it up but in discretionary items they mostly buy less which means lower profits.
Maximus_Minimus
Maximus_Minimus
3 years ago
Reply to  TexasTim65
The solution to what electric cars are supposed to solve is reduced consumption, not cheap, counterproductive gimmicks.
Electric cars are good for many individual situations, but not as a solution to a climate agenda.
The problem with reduced consumption is; the whole system is built on ever increasing consumption.
That’s only economic aspect of it. There is more to it.
TexasTim65
TexasTim65
3 years ago
I’ve never heard it said electric cars are to reduce consumption unless you mean Oil consumption because electric cars are definitely not going to reduce miles driven nor have I ever heard them touted as doing that.
Anyway, he clearly said “lower the price of electric vehicles saving you another $80 a month because you’ll never have to pay at the gas pump again”. Hence electric cars are the solution to high gas prices in his mind.
Christoball
Christoball
3 years ago

Mexican President Andrés Manuel López Obrador said on Tuesday his
country won’t impose economic sanctions on Russia over its invasion of
Ukraine.

“We are not going to take any sort of economic reprisal
because we want to have good relations with all the governments in the
world,” López Obrador said at his daily news conference.

Now imagine if the now defunct WARSAW PACT was cooing to Mexico for inclusion into the PACK. This is probably a question Dr. Phil might ask the dysfunctional World Family if they were guests.
FromBrussels
FromBrussels
3 years ago
Reply to  Christoball
KUDOS to mr Andrés Manuel Lopez Obrador !
StukiMoi
StukiMoi
3 years ago
Reply to  Christoball
“Now imagine if the now defunct WARSAW PACT was cooing to Mexico for inclusion into the PACK.”
That, and arbitrary Russian military equipment, up to and including nukes, pointed North, is exactly analogous to the situation Russia is/was faced with in Ukraine.
While invading and bombing is not a nice thing to do, I’d be awfully surprised if the US junta wouldn’t react at least as “brutally” once the threat of unlimited  Russian equipment and personnel popping up in Mexico started becoming likely, as the Russians are doing in Ukraine. Of course, if so, the ambulance chasers of the world, would no doubt arbitrarily deem and hold and find that such a reaction were somehow not violating “international law” when they were the ones doing it….
In reality, as always, the problem is not that Putin’s unlimited government is any better nor worse than any other unlimited government. They’re all the same. Self righteous scumbags, every single one of them. None neither better nor worse than any other.
Karlmarx
Karlmarx
3 years ago
Reply to  StukiMoi
Pretty sure this exact thing happened in oh 1962.  Thing is that Russia had a politburo then and not a dictator.  Khrushchev and Kennedy were able to come to an agreement that removed nuclear missiles from both of their borders without firing a shot.  Sad to say, neither Putin or … well any of the western chieftains have the skill to do that.
EGW
EGW
3 years ago
I’m pretty sure he said “Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Iranian people.” Replayed that line 3 times and came to the same conclusion each time. It’s Biden speaking, so it makes perfect sense.
RunnerDan
RunnerDan
3 years ago
Reply to  EGW
It was the truest statement uttered in that speech.  
Captain Ahab
Captain Ahab
3 years ago
Reply to  EGW
Eighty million people voted for Biden. What does it say about them?
bobcalderone
bobcalderone
3 years ago
Reply to  Captain Ahab
It says they hate Trump.

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