Thursday Feb 14, 201301:38 PM GMT
Political economist: I was disgusted by Obama’s STOU address
Wed Feb 13, 2013 7:20PM
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As President Barack Obama outlined his agenda during his State of the Union address, critics believe the president stretched the truth on a range of issues mostly the state of the U.S. economy.


“I was disgusted by the statements from our president, well our so-called president, I think the country is on the verge of collapse and it’s up to the American people to stand up and say we are not going to be debt slaves to the criminals that run our country anymore,” Chris Dorsey, political economist from Richmond, Virginia said in an interview on Wednesday.


President Obama addressed many issues on Tuesday but jobs and the economy made the nub of his speech. He said that after a grueling recession, the economy has turned around and job numbers were rising. “Together, we have cleared away the rubble of crisis, and can say with renewed confidence that the state of our union is stronger,” he said.


Dorsey said that was far from the truth. “The idea that the economy is turning around is ludicrous. It is an insane statement and flies in the face of all facts known to the American people: More Americans are living under poverty, more Americans are requiring government assistance to eat.”


He pointed out that the real unemployment rate in America hovers around 25 percent as opposed to the official figure which puts it at 7.9 percent


The president’s call for action on issues ranging from taxes to gun control to climate change appeared to have landed in the laps of the Republicans he needs to persuade to pass his agenda.


Hours after the president’s State of the Union address, House Speaker John Boehner (R-Ohio) said Obama lacked “guts” and the “courage” to act on the deficit. Many other key Republicans reacted in the same manner.


Despite this display of division in public, Dorsey said there is “bipartisan support” in Washington when it comes to the financial agenda of the Federal Reserve Bank and that of the international military industrial complex.  


“Any dispute between Republicans and democrats… is just a diversionary tactic and it’s not accurate because the Republicans and Democrats are both bought and paid for by the same interest, they are both under the control of the international banking cartel,” he said.




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