The real state of the union . . . by the numbers

Herman Cain

Now that the mainstream media is hopefully done swooning over President Obama’s State of the Union Speech, some of us are more concerned about the real State of the Union, by the numbers. It’s not what he said or did not say, nor is it how he said it. It should be about our national security and our national economic health.

The day after the president’s State of the Union speech, an appliance installation and repair man was installing some new appliances in our home. Unsolicited, he said he had a hard time sleeping last night after hearing the president’s speech. When I asked why, he said he did not hear anything in the speech that made him feel that America is safer as a nation, nor did he hear anything that would really help grow the economy.

No wonder the man doesn't sleep.

I told him I agreed with him, and that he expressed the feelings of probably most of us who are not intoxicated by the president’s words and his delivery. Many people are, but most of us are not.

Maybe there are some provisions in the START Treaty that regular folk like the repair man and I don’t know about. But it appears as if the Russians got a better deal by limiting our ability to deploy missile defense systems in other parts of the world, where a lot of our enemies are located. For example, cancellation of the missile defense system being built in Turkey does not seem like a good idea. The world is not safer! And we have reduced our ability to help keep it safe.

Many of the most compelling facts about the real state of our economy were missing from the president’s speech.

Gross Domestic Product did grow year over year in 2010 by 2.6 percent. But China’s economy grew by around 10 percent, which means, at those comparable rates, China’s economy will surpass us 15 to 20 years from now. Since China holds the largest percentage of our foreign-held debt, I consider that a national security threat as well as a threat to our financial stability.

In fact, the total amount of U.S. Treasury Securities held by foreign countries increased 18.5 percent in 2010 (Treasury.gov). That’s not a comforting sign.

Total bankruptcy filings were nearly 14 percent higher in 2010, on top of the 1.4 million fillings in 2009. It should be no surprise that the unemployment rate remained between 9.4 and 9.8 percent throughout 2010, and that the weekly new jobless claims were around 400,000 per week nearly every week. The small number of “new” private sector jobs has simply not been enough to offset that pace of joblessness.

A year ago, in the president’s State of the Union speech, he said that creating jobs would be a top priority. In early 2009, he said that the nearly $1 trillion in stimulus spending would keep unemployment under 8 percent and grow the economy.

The unemployment rate has not been below 9 percent since the stimulus bill was passed, and I guess it depends on his definition of “grow”. I call a 2.6 percent increase in GDP anemic, especially when most of it was generated by a productivity blitz by U.S. businesses and not by economic policies.

A year ago, Congress raised the statutory debt ceiling, and now they are talking about the need to raise it again. The current national debt, which amounts to $45,000 for every man woman and child in national debt ($14 trillion total) is not enough for this administration. If it is left unchecked, there appears to be no end in sight. And we are supposed to feel good about the state of the union.

Like the appliance repair man, we will continue to have some restless nights because of broken promises and failed policies by the administration. The House is starting to see the light, but this president isn’t even aware of the heat.

Maybe he will become aware in 2012 when he joins the ranks of the unemployed.


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12 Responses to “The real state of the union . . . by the numbers”

  • Kimberly:

    I thought it was so funny, reading the SOTU Address later (because listening to President Obama’s voice to me is like listening to fingernails on a chalk-board, and I didn’t want to see all the hand-holding and “kum-bay-ya” between the Republicans and Democrats) that President Obama talked about “winning the future”, like that’s the next “campaign” slogan from his administration. Did anyone in his administration realize that on a bumpersticker, it would be “Obama: WTF”? LOL I guess it’s better than his Bob the Builder slogan of “Yes we can!” from last year… I just know I don’t feel anything “hope”-ey or “change”-ey. CAIN 2012!!!

  • [...] This post was mentioned on Twitter by Doug Welch, Jimmie, Joshua Price, Tish , Casey Kelley and others. Casey Kelley said: RT @THEHermanCain: My weekly commentary: "The Real State of the Union… by the Numbers" http://bit.ly/eWP7OL #tcot #citizencain [...]

  • James McD.:

    Mr. Herman Cain! That was a delicious article! Poetic and informative. I totally agree that we should have continued the construction of our missile defense systems, it doesn’t inspire confidence knowing we are screwed if they wanna go at us. The national debt is out of control. We are so close to being underwater in our own debt. Our national debt is about to exceed(if it already hasn’t) our GDP value. We need to cut spending, not raise the level of debt we can have. If our government was a private business it would be out of business by now. We need to stop spending money we don’t have.

  • [...] second article was written by Mr. Cain himself entitled “The Real State of the Union” as a followup response to the President’s State of the Union address. It’s an [...]

  • Jbo812:

    All I hear from this thread is “The Sky Is Falling…” Do you people have any positive suggestions of just a bunch of complaints?

  • I also am tired of the problems. I want to hear solutions. And when and if those solutions are presented we must also address why we got to this point in America.

    I would offer that the state of the union is spiritually bankrupt. Now I know I just stated a problem, but I do have solution. We must get on track spiritually and that is by building a strong relationship with God.

    I address this relationship in my book ‘In The Hands Of The Father’ and write about it on my blog.
    http://inthehandsofthefather.blogspot.com/

    I present this solution and look forward to dialogue, so please let me know where you are.

    Also Herman Cain, what do you believe? That is a key question to your getting my support for president.

  • Oldguy:

    Good article.

    I am also tired of problems, but one of Obama’s policies appears to be ‘overwhelm the system’! He, Reid and Pelosi passed Obamacare against the will of the people. He and Congress took an oath to support and defend the Constitution.
    If the law is found unconstitutional, the leaders and Mr. Obama should be removed from office for violating their oath!

    Fixes? 1) Dismantle Government Departments and Agencies that have no direct constitutional foundation. Do the EPA,Depts. of Education or Energy, or the FCC have that foundation?
    2) No more raising the Debt Ceiling. 3) Take back unspent Federal funds. 4) Start drilling as fast as possible. 5) Defund all the Green projects and allow the private sector to develop the viable ones. 6) Get rid of the FED if it can’t or won’t account for ALL of the currencyit is producing.

    That IMHO would be a start!

  • Bitter Gun-Owner:

    The first problem that put us in this sad situation is that too many people allowed Obama to flamboozel them into thinking that he could give money to the poor so that poverty wouldn’t exist in this country. I am not a bigot or racest. However, I think that if Obama was not black and campained and said the exact same things. He would not have been elected. It is a fact that thousands of the dumb masses voted for him for one reason. Obama is black. It seems to have removed the common sense from a great deal of people. I ask all voting american people to LISTEN and not look at the COLOR of your canidate.
    Listen to Herman Cain….

  • jeff:

    The more I read and hear your editorials, the more I am convinced that you should run for office in 2012. I wouldn’t care if the next president was purple, your insite on to what our problems really are, and what we are about to face as a nation are refreshing, and inspiring. Thanks for the honesty, and keep digging in.

  • The president and his policies are very tiresome. He is nothing more than a “Show Horse”. He shows up for everything, but makes not meaningful contributions. His work ethic seems to be let everyone else, but him do the work while he takes the credit. If he wants to move to the center, which is unlikely, because of the left, he ha to become a “Work Horse” and really make some meaningful changes.

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