Last night I watched President Obama deliver the State of the Union Speech and probably the only good thing about the speech is that it was his last one

It will probably go down in history as the most clueless State of the Union Address ever

All he talked about was how great the economy is - how he created all these jobs

He even had the chutzpah to take credit for reducing the budget deficit!

President Obama will have doubled the national debt during his presidency

He added more debt than every president from George Washington to George Bush, combined, yet he's taking credit for reducing the deficit

At least when George Bush gave his final State of the Union Address he acknowledged problems brewing in the economy

He acknowledged concerns being addressed by the American people and validated them

He talked about the stimulus plan he had, which I did not agree with, but at least he knew the economy was in some trouble

Although he acknowledged that economic growth was slowing and that housing was down, he didn't come close to preparing Americans for what was about to unfold by the middle of the year

In fact, when the President delivered that State of the Union Address, the economy was already in recession, although the government had not acknowledged it yet

He had no idea how precarious the state of the economy was, we were on the precipice of  a big cliff and he was still optimistic, long term, but cautious given the slowdown in the economy and he wanted to come up with some kind of stimulus to mitigate the slowdown

He did not foresee or warn about the severity of the problem, but at least he acknowledged some problem

In contrast, rather than at least acknowledging weakness in the economy, President Obama claims victory over the Great Recession, that he restored economic health and vitality

The few problems in the economy are beyond his control because the economy is changing

What we do need is more government money for education, to train people for this new economy, we need a higher minimum wage, we need higher taxes on the rich, but other than that everything is great

President Obama's State of the Union Address is on the order of magnitude more clueless that George W. Bush's last SOTU on the eve of the Great Recession

We are now on the eve of a collapse even greater, yet President Obama is saying everything is awesome

What President Obama did is to lecture the American people as to why they have nothing to be concerned about - basically saying that anyone who says that the economy is in decline is peddling fiction.

Obviously the people who don't recognize the decline in our economy are in denial, or have a political agenda

What the President said is, "If you think the economy is headed in the wrong direction, if you think America is in decline, you're wrong, it's just that the economy is changing

Remember, you voted for me and I promised change

It's changing because it's getting worse, that's the change

President Obama points to technology as the problem in the economy - a transition that only makes you feel like you're falling behind even though you're not

The technological revolution did not begin with the election of President Obama

It has been no more transformative, even less so, than the industrial revolution

Machines put a lot more people out of work than computers but we saw an expanding labor force, but women left the labor force, because their husbands started making more money

Real wages were rising

The industrial revolution took place in a free market economy

The technological revolution is taking place in a government controlled economy

The reason so many people are suffering is not because so many technology is changing

What's changing is the size of government

We used to be a free market and now we're not

The reason for so much poverty and decline, and that the President is unwilling to admit, is that the government is responsible