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No Fooling: President Declares April ‘Financial Capability’ Month

April 2, 2013 by  

No Fooling: President Declares April ‘Financial Capability’ Month
PHOTOS.COM

President Barack Obama has issued a proclamation declaring April “National Financial Capability Month,” urging individuals and families to become more conscientious about how they manage their personal budgets.

The proclamation states the Administration’s conviction that there’s “no economic engine more powerful than the middle class,” and refers would-be home economists to two government websites, mymoney.gov and consumerfinance.gov, to help them attain greater “financial literacy.”

The apparent lack of ironic intent on the part of the Administration for selecting April, of all months, as a time to encourage Americans to do not as the President does, but as he says, was quickly seized upon by one Internet site after another, after another.

Some snippets from the President’s proclamation:

During National Financial Capability Month, we recommit to empowering individuals and families with the knowledge and tools they need to get ahead in today’s economy.

My Administration is dedicated to helping people make sound decisions in the marketplace…

…Together, we can prepare young people to tackle financial challenges — from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.

Of course, there’s no point in the President issuing a proclamation on personal finance without throwing in a little regressive economics:

We also know that too many families are living paycheck-to-paycheck, unable to take advantage of tools that would help them plan for a middle class life. That is why we must build ladders of opportunity for everyone willing to climb them – from a fair minimum wage that lifts working Americans out of poverty to high-quality preschool and early education that gets every child on the right track early. These reforms would encourage the kind of broad-based economic growth that gives everyone a better chance to secure their financial future.

CNS News nicely parsed the absurd irony of this President entreating Americans to live by the basic financial principles that no one in the White House (and few in Congress) have managed to apply toward government borrowing and spending. The national debt has increased by $53,377 per household. It’s increased more than $6 trillion, up from $10 trillion in 2009 to $16 trillion today. And the President still hasn’t submitted a fiscal year 2014 budget.

Ben Bullard

Reconciling the concept of individual sovereignty with conscientious participation in the modern American political process is a continuing preoccupation for staff writer Ben Bullard. A former community newspaper writer, Bullard has closely observed the manner in which well-meaning small-town politicians and policy makers often accept, unthinkingly, their increasingly marginal role in shaping the quality of their own lives, as well as those of the people whom they serve. He argues that American public policy is plagued by inscrutable and corrupt motives on a national scale, a fundamental problem which individuals, families and communities must strive to solve. This, he argues, can be achieved only as Americans rediscover the principal role each citizen plays in enriching the welfare of our Republic.

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  • shade101

    I guess this all makes sense, sicne April 1st is the new President’s Day, named in honor of Obama!

  • RightGunner

    We should thank the President for his admission that the unionized teachers can’t even teach high school math. But since he doesn’t show and ability or understanding of math or finance himself, it’s too bad we can’t see his school records to see which teachers to blame.

    The teachers who don’t believe a high school student has the ability to figure out a mortgage, are hopeless since this was certainly needed more than figuring how much carbon will cause flooding of polar bear homes. Uninspired students will always be a problem, however any teacher who doesn’t start by explaining how the subject at hand fits into the students life, and how it can help them now and throughout their life is the problem, and a cleaning of the house is the answer.

  • steve buckner

    Obama speaks out of both sides of his mouth and my dad always said never trust a person like that as they will lie to you every time. I don’t think obama ever took math he was just a golden child and could do no wrong, well he sure has made a mess of our economy and he needs to go back to school and maybe then with a real education he might just GET IT. Every time he speaks on TV my wife and I both give him his just due—- THE FINGER !!

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