State of the Union Address filled with empty promises

"The American people certainly don't need any more empty promises.  Millions of American families have been pushed to the edge of desperation by this economy.

There has been a lot of talk that the economy is "turning around", but in many areas of the country the employment situation continues to get even worse.  Payrolls decreased in 35 U.S. states during the month of December.

The truth is that the number of "good jobs" produced by the U.S. economy continues to shrink.  In fact, only 47 percent of working-age Americans have a full-time job at this point.

The American people are not going to buy this "economic recovery" as long as unemployment remains at epidemic levels in so many areas.  Just consider some of the stunningly high unemployment rates in some of our most important states....

Nevada - 14.5%

California - 12.5%

Florida - 12.0%

So did Barack Obama propose anything substantial that will actually create real jobs?

No.

Instead, all he had to offer was just a bunch of empty promises."

Read the rest at zero hedge here.

Here is the change promised...

Keynesian economic policy almost destroys Sweden; economy saved by frugality since '92

 Which, of course, is a principle of Austrian economics.

"...there has been no job creation at all in the private sector from 1950 to 2005.

Yes, you read that correctly: there was no net increase in the number of jobs in the private sector in Sweden over a period of 55 years. In other words, starting five years after the end of the Second World War, the Swedish economy was at a complete standstill."

Read the rest at mises.org blog