Featured StoryIn his State of the Union Address yesterday (Tuesday) evening, U.S. President Barack Obama said the United States is experiencing another "Sputnik moment."
For a free marketer like myself, that's deeply depressing rhetoric: It reflects the reality that President Obama believes that this crisis - like others that came before it - is best solved by still more government action.
In short, while President Obama employed the language of bi-partisanship, the picture he painted was that of Big Government digging in. Just like at the time of Sputnik.
To understand why you should fear this rhetoric, please read on...
obama state of the union summary
What Do You Think of President Obama's 2011 State of the Union Address?
U.S. President Barack Obama spoke to the country Tuesday night in the annual State of the Union address, an assessment of the nation's biggest issues, and a presentation that is usually draped heavily in rhetoric.
Before the speech, many analysts were afraid President Obama would make broad optimistic statements – while offering no concrete plans for improvement.
White House Senior Adviser Valerie Jarrett said Tuesday morning that one of President Obama's main messages would be to highlight the new "bipartisan spirit" in Washington.
Money Morning's Keith Fitz-Gerald To Address State of the Union in Second Fox Business Appearance This Week
Money Morning Chief Investment Strategist Keith Fitz-Gerald is scheduled to appear today (Wednesday) as a guest on the hour-long Varney & Co. show on Fox Business News.
On that show, which begins at 9:30 a.m. (EST), Fitz-Gerald is tentatively scheduled to sit in for co-anchor Chris Cotter, and to talk about State of the Union issues with company "co-members" Charlie Payne and Tracy Byrnes. The list of guests is currently scheduled to include: