I know all you political people are watching, figured I\'d give you all a head start and start the thread seeing as I stopped listening a while ago. Enjoy and please, lets not flashback to the political pissing contest :duck:
then why did you start this thread? it will HAVE to become a political pissing contest
All I have to say after watching that speech is: I am proud to be an American! :flag: Death to the towelheads!
Oh the idiot was giving that address tonight?
oh darn I missed another spewing of
****. Oh darn.
I unfortunate missed it as I was at work later then usual. It\'s too bad I can always use a good laugh. There\'s nothing like watching the Fat Cats in Warshington play the game of life with us. ahhh, the good times...
I heard a rumor that Ms. Sheehan of protest fame was arrested in the Senate Chambers this evening although she was a guest of the Democratic Senator from California. Any else hear this?
Sheehan wore a KKK outfit to protest the rememberance of Coretta Scott King.
Sheehan wore a KKK outfit to protest the rememberance of Coretta Scott King.
any truth to this?
if so, link me, I have to read this...
HAHAHA are you serious Spacey?
video (click to right of bush picture to watch the speech)
The full text of the speech:
Mr Speaker, Vice-President Cheney, Members of Congress, Members of the Supreme Court and diplomatic corps, distinguished guests, and fellow citizens:
Today our nation lost a beloved, graceful, courageous woman who called America to its founding ideals and carried on a noble dream.
Tonight we are comforted by the hope of a glad reunion with the husband who was taken from her so long ago, and we are grateful for the good life of Coretta Scott King.
Each time I am invited to this rostrum, I am humbled by the privilege, and mindful of the history we have seen together. We have gathered under this Capitol dome in moments of national mourning and national achievement.
We have served America through one of the most consequential periods of our history - and it has been my honour to serve with you. In a system of two parties, two chambers, and two elected branches, there will always be differences and debate. But even tough debates can be conducted in a civil tone, and our differences cannot be allowed to harden into anger.
To confront the great issues before us, we must act in a spirit of good will and respect for one another - and I will do my part. Tonight the state of our Union is strong - and together we will make it stronger.
In this decisive year, you and I will make choices that determine both the future and the character of our country. We will choose to act confidently in pursuing the enemies of freedom - or retreat from our duties in the hope of an easier life.
Leadership
We will choose to build our prosperity by leading the world economy - or shut ourselves off from trade and opportunity. In a complex and challenging time, the road of isolationism and protectionism may seem broad and inviting - yet it ends in danger and decline.
The only way to protect our people - the only way to secure the peace - the only way to control our destiny is by our leadership - so the United States of America will continue to lead.
Abroad, our nation is committed to a historic, long-term goal - we seek the end of tyranny in our world. Some dismiss that goal as misguided idealism. In reality, the future security of America depends on it. On September 11, 2001, we found that problems originating in a failed and oppressive state 7,000 miles away could bring murder and destruction to our country.
Dictatorships shelter terrorists, feed resentment and radicalism, and seek weapons of mass destruction. Democracies replace resentment with hope, respect the rights of their citizens and their neighbours, and join the fight against terror. Every step toward freedom in the world makes our country safer, and so we will act boldly in freedom\'s cause.
Far from being a hopeless dream, the advance of freedom is the great story of our time. In 1945, there were about two dozen lonely democracies on Earth. Today, there are 122. And we are writing a new chapter in the story of self-government - with women lining up to vote in Afghanistan - and millions of Iraqis marking their liberty with purple ink - and men and women from Lebanon to Egypt debating the rights of individuals and the necessity of freedom.
At the start of 2006, more than half the people of our world live in democratic nations. And we do not forget the other half - in places like Syria, Burma, Zimbabwe, North Korea, and Iran - because the demands of justice, and the peace of this world, require their freedom as well.
\'No surrender\'
No one can deny the success of freedom, but some men rage and fight against it. And one of the main sources of reaction and opposition is radical Islam - the perversion by a few of a noble faith into an ideology of terror and death. Terrorists like [Osama] Bin Laden are serious about mass murder - and all of us must take their declared intentions seriously.
They seek to impose a heartless system of totalitarian control throughout the Middle East, and arm themselves with weapons of mass murder. Their aim is to seize power in Iraq, and use it as a safe haven to launch attacks against America and the world.
Lacking the military strength to challenge us directly, the terrorists have chosen the weapon of fear. When they murder children at a school in Beslan - or blow up commuters in London - or behead a bound captive - the terrorists hope these horrors will break our will, allowing the violent to inherit the Earth. But they have miscalculated: We love our freedom, and we will fight to keep it.
In a time of testing, we cannot find security by abandoning our commitments and retreating within our borders. If we were to leave these vicious attackers alone, they would not leave us alone. They would simply move the battlefield to our own shores. There is no peace in retreat. And there is no honour in retreat.
By allowing radical Islam to work its will - by leaving an assaulted world to fend for itself - we would signal to all that we no longer believe in our own ideals, or even in our own courage. But our enemies and our friends can be certain: The United States will not retreat from the world, and we will never surrender to evil.
America rejects the false comfort of isolationism. We are the Nation that saved liberty in Europe, and liberated death camps, and helped raise up democracies, and faced down an evil empire. Once again, we accept the call of history to deliver the oppressed, and move this world toward peace.
We remain on the offensive against terror networks. We have killed or captured many of their leaders - and for the others, their day will come.
We remain on the offensive in Afghanistan - where a fine president and national assembly are fighting terror while building the institutions of a new democracy.
And we are on the offensive in Iraq, with a clear plan for victory. First, we are helping Iraqis build an inclusive government, so that old resentments will be eased, and the insurgency marginalized.
Second, we are continuing reconstruction efforts, and helping the Iraqi government to fight corruption and build a modern economy, so all Iraqis can experience the benefits of freedom.
Third, we are striking terrorist targets while we train Iraqi forces that are increasingly capable of defeating the enemy. Iraqis are showing their courage every day, and we are proud to be their allies in the cause of freedom.
Our work in Iraq is difficult, because our enemy is brutal. But that brutality has not stopped the dramatic progress of a new democracy. In less than three years, that nation has gone from dictatorship, to liberation, to sovereignty, to a constitution, to national elections.
At the same time, our coalition has been relentless in shutting off terrorist infiltration, clearing out insurgent strongholds, and turning over territory to Iraqi security forces.
I am confident in our plan for victory - I am confident in the will of the Iraqi people - I am confident in the skill and spirit of our military. Fellow citizens, we are in this fight to win, and we are winning.
Troop levels
The road of victory is the road that will take our troops home. As we make progress on the ground, and Iraqi forces increasingly take the lead, we should be able to further decrease our troop levels - but those decisions will be made by our military commanders, not by politicians in Washington DC.
Our coalition has learned from experience in Iraq. We have adjusted our military tactics and changed our approach to reconstruction. Along the way, we have benefited from responsible criticism and counsel offered by Members of Congress of both parties. In the coming year, I will continue to reach out and seek your good advice.
Yet there is a difference between responsible criticism that aims for success, and defeatism that refuses to acknowledge anything but failure. Hindsight alone is not wisdom. And second-guessing is not a strategy.
With so much in the balance, those of us in public office have a duty to speak with candour. A sudden withdrawal of our forces from Iraq would abandon our Iraqi allies to death and prison - put men like Bin Laden and [Abu Musab] al-Zarqawi in charge of a strategic country - and show that a pledge from America means little.
Members of Congress: however we feel about the decisions and debates of the past, our Nation has only one option: We must keep our word, defeat our enemies, and stand behind the American military in its vital mission.
Our men and women in uniform are making sacrifices - and showing a sense of duty stronger than all fear. They know what it is like to fight house to house in a maze of streets - to wear heavy gear in the desert heat - to see a comrade killed by a roadside bomb. And those who know the costs also know the stakes.
\'Never falter\'
Marine Staff Sergeant Dan Clay was killed last month fighting the enemy in Falluja. He left behind a letter to his family, but his words could just as well be addressed to every American.
Here is what Dan wrote: "I know what honour is. It has been an honour to protect and serve all of you. I faced death with the secure knowledge that you would not have to. Never falter! Don\'t hesitate to honour and support those of us who have the honour of protecting that which is worth protecting."
Staff Sergeant Dan Clay\'s wife, Lisa, and his mom and dad, Sara Jo and Bud, are with us this evening. Our nation is grateful to the fallen, who live in the memory of our country. We are grateful to all who volunteer to wear our nation\'s uniform - and as we honour our brave troops, let us never forget the sacrifices of America\'s military families.
Our offensive against terror involves more than military action. Ultimately, the only way to defeat the terrorists is to defeat their dark vision of hatred and fear by offering the hopeful alternative of political freedom and peaceful change.
So the United States of America supports democratic reform across the broader Middle East. Elections are vital - but they are only the beginning. Raising up a democracy requires the rule of law, protection of minorities, and strong, accountable institutions that last longer than a single vote.
The great people of Egypt have voted in a multi-party presidential election - and now their government should open paths of peaceful opposition that will reduce the appeal of radicalism. The Palestinian people have voted in elections - now the leaders of Hamas must recognize Israel, disarm, reject terrorism, and work for lasting peace.
Saudi Arabia has taken the first steps of reform - now it can offer its people a better future by pressing forward with those efforts. Democracies in the Middle East will not look like our own, because they will reflect the traditions of their own citizens.
Yet liberty is the future of every nation in the Middle East, because liberty is the right and hope of all humanity. The same is true of Iran, a nation now held hostage by a small clerical elite that is isolating and repressing its people. The regime in that country sponsors terrorists in the Palestinian territories and in Lebanon - and that must come to an end.
The Iranian government is defying the world with its nuclear ambitions - and the nations of the world must not permit the Iranian regime to gain nuclear weapons.
America will continue to rally the world to confront these threats. And tonight, let me speak directly to the citizens of Iran: America respects you, and we respect your country. We respect your right to choose your own future and win your own freedom. And our Nation hopes one day to be the closest of friends with a free and democratic Iran.
Compassion
To overcome dangers in our world, we must also take the offensive by encouraging economic progress, fighting disease, and spreading hope in hopeless lands. Isolationism would not only tie our hands in fighting enemies, it would keep us from helping our friends in desperate need.
We show compassion abroad because Americans believe in the God-given dignity and worth of a villager with HIV/Aids, or an infant with malaria, or a refugee fleeing genocide, or a young girl sold into slavery. We also show compassion abroad because regions overwhelmed by poverty, corruption, and despair are sources of terrorism, organized crime, human trafficking, and the drug trade.
In recent years, you and I have taken unprecedented action to fight Aids and malaria, expand the education of girls, and reward developing nations that are moving forward with economic and political reform.
For people everywhere, the United States is a partner for a better life. Short-changing these efforts would increase the suffering and chaos of our world, undercut our long-term security, and dull the conscience of our country. I urge Members of Congress to serve the interests of America by showing the compassion of America.
Vigilance at home
Our country must also remain on the offensive against terrorism here at home. The enemy has not lost the desire or capability to attack us.
Fortunately, this nation has superb professionals in law enforcement, intelligence, the military, and homeland security. These men and women are dedicating their lives to protecting us all, and they deserve our support and our thanks.
They also deserve the same tools they already use to fight drug trafficking and organized crime - so I ask you to reauthorize the Patriot Act. It is said that prior to the attacks of September 11, our government failed to connect the dots of the conspiracy.
We now know that two of the hijackers in the United States placed telephone calls to al-Qaeda operatives overseas. But we did not know about their plans until it was too late. So to prevent another attack - based on authority given to me by the Constitution and by statute - I have authorized a terrorist surveillance program to aggressively pursue the international communications of suspected al-Qaeda operatives and affiliates to and from America.
Previous presidents have used the same constitutional authority I have - and federal courts have approved the use of that authority. Appropriate Members of Congress have been kept informed. This terrorist surveillance program has helped prevent terrorist attacks. It remains essential to the security of America. If there are people inside our country who are talking with al-Qaeda, we want to know about it - because we will not sit back and wait to be hit again.
In all these areas - from the disruption of terror networks, to victory in Iraq, to the spread of freedom and hope in troubled regions - we need the support of friends and allies. To draw that support, we must always be clear in our principles and willing to act. The only alternative to American leadership is a dramatically more dangerous and anxious world.
Yet we also choose to lead because it is a privilege to serve the values that gave us birth. American leaders - from Roosevelt to Truman to Kennedy to Reagan - rejected isolation and retreat, because they knew that America is always more secure when freedom is on the march. Our own generation is in a long war against a determined enemy - a war that will be fought by Presidents of both parties, who will need steady bipartisan support from the Congress.
And tonight I ask for yours. Together, let us protect our country, support the men and women who defend us, and lead this world toward freedom.
Strong economy
Here at home, America also has a great opportunity: We will build the prosperity of our country by strengthening our economic leadership in the world. Our economy is healthy, and vigorous, and growing faster than other major industrialized nations.
In the last two-and-a-half years, America has created 4.6 million new jobs - more than Japan and the European Union combined. Even in the face of higher energy prices and natural disasters, the American people have turned in an economic performance that is the envy of the world.
The American economy is pre-eminent - but we cannot afford to be complacent. In a dynamic world economy, we are seeing new competitors like China and India. This creates uncertainty, which makes it easier to feed peoples fears. And so we are seeing some old temptations return.
Protectionists want to escape competition, pretending that we can keep our high standard of living while walling off our economy. Others say that the government needs to take a larger role in directing the economy, centralizing more power in Washington and increasing taxes.
We hear claims that immigrants are somehow bad for the economy - even though this economy could not function without them. All these are forms of economic retreat, and they lead in the same direction - toward a stagnant and second-rate economy.
Tonight I will set out a better path - an agenda for a Nation that competes with confidence - an agenda that will raise standards of living and generate new jobs. Americans should not fear our economic future, because we intend to shape it.
Keeping America competitive begins with keeping our economy growing. And our economy grows when Americans have more of their own money to spend, save, and invest. In the last five years, the tax relief you passed has left $880bn in the hands of American workers, investors, small businesses, and families - and they have used it to help produce more than four years of uninterrupted economic growth.
Yet the tax relief is set to expire in the next few years. If we do nothing, American families will face a massive tax increase they do not expect and will not welcome. Because America needs more than a temporary expansion, we need more than temporary tax relief. I urge the Congress to act responsibly, and make the tax cuts permanent.
Keeping America competitive requires us to be good stewards of tax dollars. Every year of my presidency, we have reduced the growth of non-security discretionary spending - and last year you passed bills that cut this spending.
This year my budget will cut it again, and reduce or eliminate more than 140 programs that are performing poorly or not fulfilling essential priorities. By passing these reforms, we will save the American taxpayer another $14bn next year - and stay on track to cut the deficit in half by 2009.
I am pleased that Members of Congress are working on earmark reform - because the Federal budget has too many special interest projects. And we can tackle this problem together, if you pass the line-item veto.
Baby boomers
We must also confront the larger challenge of mandatory spending, or entitlements. This year, the first of about 78 million Baby Boomers turn 60, including two of my Dad\'s favourite people - me, and President Bill Clinton. This milestone is more than a personal crisis - it is a national challenge. The retirement of the Baby Boom generation will put unprecedented strains on the Federal government.
By 2030, spending for Social Security, Medicare, and Medicaid alone will be almost 60% of the entire federal budget. And that will present future Congresses with impossible choices - staggering tax increases, immense deficits, or deep cuts in every category of spending.
Congress did not act last year on my proposal to save Social Security, yet the rising cost of entitlements is a problem that is not going away - and with every year we fail to act, the situation gets worse.
So tonight, I ask you to join me in creating a commission to examine the full impact of Baby Boom retirements on Social Security, Medicare, and Medicaid. This commission should include Members of Congress of both parties, and offer bipartisan answers. We need to put aside partisan politics, work together, and get this problem solved.
Keeping America competitive requires us to open more markets for all that Americans make and grow. One out of every five factory jobs in America is related to global trade, and we want people everywhere to buy American.
With open markets and a level playing field, no one can out-produce or out-compete the American worker. Keeping America competitive requires an immigration system that upholds our laws, reflects our values, and serves the interests of our economy. Our Nation needs orderly and secure borders. To meet this goal, we must have stronger immigration enforcement and border protection.
And we must have a rational, humane guest worker program that rejects amnesty - allows temporary jobs for people who seek them legally - and reduces smuggling and crime at the border.
Keeping America competitive requires affordable health care. Our government has a responsibility to help provide health care for the poor and the elderly, and we are meeting that responsibility. For all Americans, we must confront the rising cost of care - strengthen the doctor-patient relationship - and help people afford the insurance coverage they need.
We will make wider use of electronic records and other health information technology, to help control costs and reduce dangerous medical errors. We will strengthen Health Savings Accounts - by making sure individuals and small business employees can buy insurance with the same advantages that people working for big businesses now get.
We will do more to make this coverage portable, so workers can switch jobs without having to worry about losing their health insurance. And because lawsuits are driving many good doctors out of practice - leaving women in nearly 1,500 American counties without a single OB-GYN - I ask the Congress to pass medical liability reform this year.
Oil addiction
Keeping America competitive requires affordable energy. Here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world. The best way to break this addiction is through technology.
Since 2001, we have spent nearly $10bn to develop cleaner, cheaper, more reliable alternative energy sources - and we are on the threshold of incredible advances. So tonight, I announce the Advanced Energy Initiative - a 22% increase in clean-energy research at the Department of Energy, to push for breakthroughs in two vital areas.
To change how we power our homes and offices, we will invest more in zero-emission coal-fired plants; revolutionary solar and wind technologies; and clean, safe nuclear energy. We must also change how we power our automobiles. We will increase our research in better batteries for hybrid and electric cars, and in pollution-free cars that run on hydrogen.
We will also fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips, stalks, or switch grass. Our goal is to make this new kind of ethanol practical and competitive within six years. Breakthroughs on this and other new technologies will help us reach another great goal: to replace more than 75% of our oil imports from the Middle East by 2025.
By applying the talent and technology of America, this country can dramatically improve our environment - move beyond a petroleum-based economy - and make our dependence on Middle Eastern oil a thing of the past.
Human resources
And to keep America competitive, one commitment is necessary above all: We must continue to lead the world in human talent and creativity. Our greatest advantage in the world has always been our educated, hard-working, ambitious people - and we are going to keep that edge.
Tonight I announce the American Competitiveness Initiative, to encourage innovation throughout our economy, and to give our Nations children a firm grounding in math and science.
First: I propose to double the Federal commitment to the most critical basic research programs in the physical sciences over the next 10 years. This funding will support the work of Americas most creative minds as they explore promising areas such as nanotechnology, supercomputing, and alternative energy sources.
Second: I propose to make permanent the research and development tax credit, to encourage bolder private-sector investment in technology. With more research in both the public and private sectors, we will improve our quality of life - and ensure that America will lead the world in opportunity and innovation for decades to come.
Third: We need to encourage children to take more math and science, and make sure those courses are rigorous enough to compete with other nations. We have made a good start in the early grades with the No Child Left Behind Act, which is raising standards and lifting test scores across our country.
Tonight I propose to train 70,000 high school teachers, to lead advanced-placement courses in math and science - bring 30,000 math and science professionals to teach in classrooms - and give early help to students who struggle with math, so they have a better chance at good, high-wage jobs. If we ensure that America\'s children succeed in life, they will ensure that America succeeds in the world.
Preparing our Nation to compete in the world is a goal that all of us can share. I urge you to support the American Competitiveness Initiative - and together we will show the world what the American people can achieve.
Hopeful society
America is a great force for freedom and prosperity. Yet our greatness is not measured in power or luxuries, but by who we are and how we treat one another. So we strive to be a compassionate, decent, hopeful society.
In recent years, America has become a more hopeful Nation. Violent crime rates have fallen to their lowest levels since the 1970s. Welfare cases have dropped by more than half over the past decade. Drug use among youth is down 19% since 2001. There are fewer abortions in America than at any point in the last three decades, and the number of children born to teenage mothers has been falling for a dozen years in a row.
These gains are evidence of a quiet transformation - a revolution of conscience, in which a rising generation is finding that a life of personal responsibility is a life of fulfilment. Government has played a role.
Wise policies such as welfare reform, drug education, and support for abstinence and adoption have made a difference in the character of our country. And everyone here tonight, Democrat and Republican, has a right to be proud of this record.
Yet many Americans, especially parents, still have deep concerns about the direction of our culture, and the health of our most basic institutions. They are concerned about unethical conduct by public officials, and discouraged by activist courts that try to redefine marriage.
And they worry about children in our society who need direction and love - and about fellow citizens still displaced by natural disaster - and about suffering caused by treatable disease.
As we look at these challenges, we must never give in to the belief that America is in decline, or that our culture is doomed to unravel. The American people know better than that. We have proven the pessimists wrong before - and we will do it again.
A hopeful society depends on courts that deliver equal justice under law. The Supreme Court now has two superb new members, Chief Justice John Roberts and Justice Sam Alito. I thank the Senate for confirming both of them. And I will continue to nominate men and women who understand that judges must be servants of the law, and not legislate from the bench.
Today marks the official retirement of a very special American. For 24 years of faithful service to our Nation, the United States is grateful to Justice Sandra Day O\'Connor.
Cloning ban
A hopeful society has institutions of science and medicine that do not cut ethical corners, and that recognize the matchless value of every life. Tonight I ask you to pass legislation to prohibit the most egregious abuses of medical research - human cloning in all its forms - creating or implanting embryos for experiments - creating human-animal hybrids - and buying, selling, or patenting human embryos. Human life is a gift from our Creator - and that gift should never be discarded, devalued, or put up for sale.
A hopeful society expects elected officials to uphold the public trust. Honourable people in both parties are working on reforms to strengthen the ethical standards of Washington - and I support your efforts. Each of us has made a pledge to be worthy of public responsibility - and that is a pledge we must never forget, never dismiss, and never betray.
As we renew the promise of our institutions, let us also show the character of America in our compassion and care for one another.
A hopeful society gives special attention to children who lack direction and love. Through the Helping America\'s Youth Initiative, we are encouraging caring adults to get involved in the life of a child - and this good work is led by our First Lady, Laura Bush.
This year we will add resources to encourage young people to stay in school - so more of America\'s youth can raise their sights and achieve their dreams.
A hopeful society comes to the aid of fellow citizens in times of suffering and emergency - and stays at it until they are back on their feet. So far the Federal government has committed $85bn to the people of the Gulf Coast and New Orleans.
We are removing debris, repairing highways, and building stronger levees. We are providing business loans and housing assistance. Yet as we meet these immediate needs, we must also address deeper challenges that existed before the storm arrived.
In New Orleans and in other places, many of our fellow citizens have felt excluded from the promise of our country. The answer is not only temporary relief, but schools that teach every child - and job skills that bring upward mobility - and more opportunities to own a home and start a business. As we recover from a disaster, let us also work for the day when all Americans are protected by justice, equal in hope, and rich in opportunity.
A hopeful society acts boldly to fight diseases like HIV/Aids, which can be prevented, and treated, and defeated. More than a million Americans live with HIV, and half of all Aids cases occur among African-Americans. I ask Congress to reform and reauthorize the Ryan White Act - and provide new funding to states, so we end the waiting lists for Aids medicine in America.
We will also lead a nationwide effort, working closely with African-American churches and faith-based groups, to deliver rapid HIV tests to millions, end the stigma of Aids, and come closer to the day when there are no new infections in America.
Fellow citizens, we have been called to leadership in a period of consequence. We have entered a great ideological conflict we did nothing to invite. We see great changes in science and commerce that will influence all our lives.
And sometimes it can seem that history is turning in a wide arc, toward an unknown shore. Yet the destination of history is determined by human action, and every great movement of history comes to a point of choosing.
Lincoln could have accepted peace at the cost of disunity and continued slavery. Martin Luther King could have stopped at Birmingham or at Selma, and achieved only half a victory over segregation. The United States could have accepted the permanent division of Europe, and been complicit in the oppression of others.
Today, having come far in our own historical journey, we must decide: Will we turn back, or finish well? Before history is written down in books, it is written in courage. Like Americans before us, we will show that courage and we will finish well. We will lead freedoms advance. We will compete and excel in the global economy.
We will renew the defining moral commitments of this land. And so we move forward - optimistic about our country, faithful to its cause, and confident of victories to come.
Thank you, God bless you, and may God bless America. "
President Bush gave his State Of The Union address last night, or as ABC likes to call it, \'Dancing With The Issues\'... (-Jay Leno)
I was surprised how he said outright that America is addicted to foreign oil and how he\'s making plans to cut us off of 75% of foreign oil by 2009 and all oil by 2025. Now, do I really think this will happen? No way. I bet Nixon probably said something similar 40 years ago. But I was still surprised that Bush said that we need to get off of oil. It\'s a great idea.
I was surprised how he said outright that America is addicted to foreign oil and how he\'s making plans to cut us off of 75% of foreign oil by 2009 and all oil by 2025. Now, do I really think this will happen? No way. I bet Nixon probably said something similar 40 years ago. But I was still surprised that Bush said that we need to get off of oil. It\'s a great idea.
Its interesting a man / family that made all/most of their money from the addiction is now telling us it is no good for us. I dont by it for 1 minute. The people who put him in the white house make their money from oil. The saudis who are his best friends are not going to let that happen. The value of the US dollar is based on the trade of oil.
Its a great idea but it would cripple the middle east economy at the same time it cripples our own.
The trade of oil currently has to be done using us dollars. It was an agreement between the saudis and thre US back in the 1970\'s at that time our money was based on the gold standard. When we took the dollar off of the gold standard back in the early 1970\'s we the US effectively defaulted on all the loans made to other countries at the sametime witht the argeement with the Saudis we forced the world to have to buy and sell oil using US currency. OPEC follow suit and all global trade of oil was / is done in US currency. It forces all the nations of the world to hold US dollars which depreciate in value. In effect it is our way of taxing all other natons. Now we jump ahead to the present day. The real threat that Saddam posed was because he was the only person country willing to trade oil in non-us currency. He was willing to except Euros for Oil. Many countires find this extremely attractive. They don\'t have to hold large sums of value losing dollars and this is a real threat to our economy. If the world stopped having to trade oil w/ us dollars and theses folks who hold large sums dumped them to manage their loss we would be screwed because it would greatly reduce the value of the dollar.
This is exactly what Iran wants to do. They are trying to setup a trading exchange like NYSE for oil that would be based on the euro. This is 1 of the reasons a lot of folks think we are looking at them. Not because of a Nuke program but the fact they they want to circumvent our control over the oil market and cripple our economy at the sametime.
Yeah I thought it was comical that Bush of all people brought up the oil addiction... but it is true and he is right that we need to ease up... thanks Georgey for throwing us that bone.
That aside, I don\'t think he said much of anything really. Nothing new at all. The steadfast, almost arrogant defense of domestic warrantless wiretapping was a bit irritating but not suprising. I also thought he misused the word "isolationist." (I do not think that word means what you think it means...
)
One thing I have to give to the republicans: they sure are better rthan the democrats at letting the country know where they stand. I do appreciate the lack of ambiguity.
Really though, I think the State of the Union Address has become an antiquated tradition at this point. In today\'s high-tech live-everything media atmosphere, the Address is unneccessary. I seems like more of an opportunity to throw out some pretty rhetoric which the president can hope to be remembered by. (a la JFK) It is reiteration and not much more than that.
Daaaamn, missed it!
If I want to get lied to I can always lie to myself anyway...
Jocelyn, I think the reason there seems to be more of a cohesive message among Republicans is because they are very good at sticking to the same talking points and hammering in a message over and over again. Also, there is much less room for dissent within their party. This is starting to change now that Bush\'s approval ratings are in the gutter and more old-school conservatives and libertarians are trying to distance themselves from Bush to save their asses in \'06.
Democrats (the lesser of two evils, imo) seem to embrace a bit more diversity in their ranks and constituency.
In reality, the world is not black and white, and by looking at every important (and stupid) issue that way, the Republicans in power have created a very divisive political and cultural climate.
I believe people are actually capable of handling slightly higher-level thought processes.
..
So yeah, I intentionally didn\'t watch the State of the Union. I think I\'m much more in touch with the state of our union than George Bush ever has been.
I was surprised how he said outright that America is addicted to foreign oil and how he\'s making plans to cut us off of 75% of foreign oil by 2009 and all oil by 2025. Now, do I really think this will happen?
Won\'t happen; here\'s the finance/investments perspective that explains the oil industry:
The oil companies have billions of dollars invested in gas/oil projects around the world. The objective of any investor/company is to maximize the return on any investment (or project such as a major drilling rig). They won\'t maximize their return if there are still oil reserves at the site of each project and thus have no incentive to end the project till all reserves are depleted.
The oil companies know there are enough worldwide reserves to keep us "hooked" on oil for decades, regardless of whether it is/isn\'t the socially responsible thing to do. As a result, most of the huge companies that make up the oil oligopoly are spending little, if no money at all on alternative energy projects. They don\'t see the value (return on investment) of adding alternative energy projects to their balance sheets when they will be flush with cash from fossil fuels. Resultingly, the alternative energy industry is comprised of smaller enterprises and little of the big money is going to be there anytime soon. Alternative energy industry will probably remain in a state of infancy till the incentives are enough to allure the big money players.
If your peers (oil companies) aren\'t taking large, expensive positions in alternative energy development projects that provide a lower return on investment and you decide to, you will earn less profit than the peers that stuck to the traditional model of oil-only extractions projects. We all know that investors favor companies that earn higher profits than the competition so I probably don\'t need to elaborate any further.
The good news is that people want both cars that don\'t rely on fossil fuels and homes powered by the sun (among other products). Any technologies that are developed will greet receptive consumers and a governement that is helping to provide favorable tax incentives to those that wish outfit a home with solar panels or buy a hybrid.