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Cato’s Dan Mitchell Exposes Obama’s SOTU Fairy Tales

January 14, 2016 By Richard C. Young

The Cato Institute’s Dan Mitchell explains, with laser like clarity, that Barack Obama, with his SOTU, proved clearly to Americans that his grasp of domestic policy is even more shallow and devoid of background, if that’s possible, than his grasp of foreign policy.

I normally enjoy working for the Cato Institute since it’s a principled and effective organization.

But every so often, my job requires an unpleasant task, and watching the State-of-the-Union Address as part of Cato’s live-tweeting program counts as one my least enjoyable experiences since joining the team.

But let’s make lemonade out of lemons by looking at lessons that can be learned from Obama’s speech. The most jarring part of the evening was when Obama bragged about the American economy.

Since we’re suffering through the weakest recovery since the Great Depression, that was rather bizarre.

Moreover, being proud that we’re doing better than Europe is akin to getting a participation ribbon in a soccer league for kids.

More from Cato Institute on the State of the Union here:

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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