[This is the addended transcript of my regular KVMR commentary broadcast on 21 January 2015.]
Last night President Obama gave a well-delivered yet futile State of the Union speech. It contained a list of shibboleths of the kind that the Democrats have long pilloried congressional Republicans during the last six years. All of the president’s new “middle class economics” proposals targeted the tastes of true progressives and their low-information constituencies. None have a snowball’s chance in hell of gaining traction in a Republican congress, especially since the President confirmed that last November’s historic election results have yet to reach the White House.
The main initiative that the president floated was another massive tax increase for his favorite populist target – America’s “rich” who are seen luxuriating in their filthy lucre ignominiously grabbed from the pockets of the poor and the middle class. They must now be made to give a good portion of it back, and the federal government is just the agent to decide who pays and who gets how much of it.