Broken Record Obama Lashes Out at GOP on Economy – Pushes for Tax Increase
Posted by Jim Hoft on Wednesday, June 2, 2010, 12:00 PM
Another day… Another campaign speech…
President Obama lashed out at Republicans today for his failed economic policies and pushed to increase taxes during his campaign speech in Pennsylvania.
Here’s something Barack forgot to mention…
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
Obama has tripled the national deficit and nearly doubled the unemployment rate of the previous administration during his first year in office.
The AP reported:
President Barack Obama seized on the nation’s worst oil spill Wednesday to argue for rolling back billions of dollars in oil company tax breaks and using the money to speed the way to a clean-energy future. “The next generation will not be held hostage to energy sources from the last century,” he said.
The White House released excerpts of Obama’s speech while he was en route to a speech at Pittsburgh’s Carnegie Mellon University. In his remarks, the president aggressively sought to cast Republicans as a party that fought him on tax cuts for small businesses, tax credits for college tuition, new spending on clean energy and more.
The timing comes as Obama, juggling the environmental disaster in the Gulf and mounting foreign crises, tried to assure the country that he is also working on the people’s chief concern — the economy. The president’s political speech also underscores the importance of the upcoming midterm elections, in which the outcome of House and Senate races could shape Obama’s ability to enact his agenda for the rest of his term.
“We already know where their ideas led us,” Obama said of Republicans. “And now we have a choice as a nation. We can return to the failed economic policies of the past, or we can keep building a stronger future.”
Obama also said it is time to roll back “billions of dollars in tax breaks” for oil companies and use the money for clean energy research.
He said the catastrophic Gulf oil spill shows the country must move toward clean energy by embracing energy efficiency, tapping natural gas and nuclear power and eliminating tax breaks for big oil. Obama said that the Gulf spill “may prove to be a result of human error — or corporations taking dangerous shortcuts that compromised safety” — but that deepwater drilling is inherently risky and America cannot rely solely on fossil fuels.
66% of Americans believe cutting taxes is a better way to create new jobs than increasing government spending… But not Barack Obama or democrats.
ADVERTISEMENT
-
Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 88 Comments
PJ commented:
“keep building a stronger future.”
Meaning, giving taxpayer monies to Acorn and other assorted socialists.
We’re doomed.
Andreas K. commented:
Of course it’s cutting taxes. If you cut taxes the people have more money in their wallets, companies make more money, keep more money and can thus hire more people, who sell more stuff, which is then bought by more people, who, thanks to cutting taxes, have more money.
But don’t you dare and bring common sense into this!
Common sense is outlawed! Forbidden! Banned! Abolished!
Instead we march with the party because the party is always right!
Heil Hitler/Stalin/Lenin/Mao/Che/Pol Pot/Honnecker/Chavez/Obama/etc
Dennis Thompson commented:
“Oilbama also said it is time to roll back ‘billions of dollars in tax breaks’ for oil companies and use the money for clean energy research.” What, Oilbama said this?!! What did his corporate master BP say in response? Glug, glug, glug…
aprilnovember811 commented:
In other words, who are you going to believe, me, or your lying eyes, on the state of the country. There are always going to be the ignorant who will believe this con man. Let’s hope that those who have some amount of common sense, outnumber those who don’t at election time.
Dazed commented:
So much for waiting for that Deficit Commission thing to do it’s work, eh?
nano commented:
Rush is right in that this is just campaign boilerplate speech.
He has had over a year to get it together and still is stuck in neutral.
The crisis of competence on this guy is starting to grow and will only get stronger with the Blago trial starting.
Liz commented:
My friend owns a small business of 25-30 people. And he said if the government would cut his corporate income tax by 40% then he WOULD hire 3 more people. And that is more jobs than Obama has created.
Scott commented:
I wasn’t paying close attention at first, but as soon as I heard the first lie I muted the TV. The first lie I heard was when he said the GOP wants you to be on your own. He gave the example of if you lose your job, you’re on your own.
Has any Republican advocated repealing unemployment insurance? No. That’s when I knew he was just going to lie, spin, and fabricate like he always does, and I muted the TV.
Dave In Houston commented:
This guy, our President, really has nothing new to offer, does he? He has one basic spiel and that’s it. I don’t think anyone is even listening anymore.
Tammy commented:
I never listen to him speak.
Why bother?
He just lies every time he opens his mouth.
Don’t these Leftists learn anything from history? Raise taxes?
Talk to Jimmah Carter about that move
dlc commented:
http://infidelsarecool.com/2010/05/25/the-grand-jihad-andy-mccarthys-new-book/
Rush’s interview with Andy and his new book, helps explain a lot of the “Plan.”
Maybe “o” wants to give money to the muslim NY building fund (which doesn’t need any funding), in the shadow of the Twin Towers.
The evil is mind boggling, but that’s evil for you.
Sandy commented:
Obama’s become a broken record–Blame Republicans and Raise Taxes. I think Obama’s batteries need changing.
Joanne commented:
Yup, Obama is using this oil spill to push through his agenda, except no other country is adopting it, and they continue to still use oil and spend monies on exploration for more. No doubt the American people will be held hostage because they will be put back in the dark ages searching for a light if Obama has his way, and well, you can’t fight a war to protect yourselves if you don’t have oil.
I have a feeling BP isn’t going to be donating any more monies to Obama’s campaign, nor any other oil companies. Mind you if Obama taxes them to death, they won’t be able to make money and will pull up anchor and leave. Anyone seeing the big picture here.
For a guy who keeps pushing clean energy, how come he travels in gas-guzzling motorcades and jets everywhere he goes. He has no intention of practicing what he preaches.
Me commented:
He is such a riot, blame the republicans, blame Bush, blame the Jooos.. who is next?
Andreas K. commented:
Liz, those would be actual valuable jobs. Obama so far has only created government jobs, which produce nothing at all and only cost money.
Neo commented:
Barack “EPIC STUPIDITY” Obama strikes again.
Andreas K. commented:
Let me just add this, in comparison.
Austria has 8.5 million inhabitans. We also have more than 200,000 civil servants, government employees. That’s not counting all the hired people who work for the government (people like me for example), that’s only counting the so called “Beamten”, who also receive special status (they can’t be fired.)
China, in the Qing dynasty, had 20,000 such “Beamte”, civil servants. And China has always been significantly bigger with more inhabitants than Austria. And they didn’t have computers or even phones.
So… why do we need so many when they managed to do it with only 10% and no modern technology?
It’s like that everywhere in the EU.
And I say: WHAT THE F*CK!
Neo commented:
Let’s see ‘em fly Air Force One on ethanol
ProLifer commented:
“The modern liberal mind, its distorted perceptions and its destructive agenda are the product of disturbed personalities.”
Psychiatrist Lyle H. Rossiter Jr., M.D.
http://www.youtube.com/user/DrAliSina#p/u
jomojava commented:
The Chicago street agitator is becoming more like a two-bit carnival barker. The act has become very old and stale.
He and his corrupt accomplices in Congress are going to feel the boots of We, The People on their necks in November.
PMain commented:
You also forgot the the hurricanes that pounded Florida prior to Katrina, the worst fire season ever in California, with fires burning well into Oregon & Nevada, aid provided for the Tsunami, etc, etc.
kansas commented:
Someone needs to deliver a truck load of STFU to the White House.
Patman commented:
Another reason to hate him even more…
hermie commented:
Sure, remove tax breaks and what will that do to the price of gas oh, great Won? What’s that? You’ll slap gas price controls and send more of Holder’s lawyers after oil companies? Great thinking! That’ll result in less gas and other fuels from being made. What’s that? Then you’ll seize the oil companies? Great! Of course, all they’ll do is to leave the country for more favorable climes, and you can get your high-priced lawyers to refine the oil.
Chisum commented:
kansas,
Amazon is selling coffee mugs with just this suggestion. Perhaps we should all send one to the White House.
http://www.amazon.com/How-About-Nice-Shut-Coffee/dp/B0025V5R5U/ref=pd_sim_k_4
Chisum commented:
On second thought…..keep talking BO! It’s working wonders!
Obama down to 46% in Gallup weekly poll
http://hotair.com/archives/2010/06/02/obama-down-to-46-in-gallup-weekly-poll/
And
Gallup: GOP takes six-point lead in generic Congressional ballot
http://hotair.com/archives/2010/06/02/gallup-gop-takes-six-point-lead-in-generic-congressional-ballot/
USMC Thomas commented:
SOBama is not to be held responsible for any thing that happens on his watch. Sounds like the makings of great Admiral material, in the Sestak tradition.
wow commented:
I have only one word for him – “putz.”
befuddled commented:
this is the democrat agenda–rob the vault and give it away to your cronies, lackeys, and thieves.and when there is no more money, the simple solution is to raise taxes. they may not call it taxes, they may call it mandatory monetary withholdings to invest in the future re-population of bottle nose dolphins destroyed by BP.
i have one word for obama when it’s time to take back this country in 2012:
Adios Amigo. Christie/Palin 2012.
Robert commented:
Literally stuck on stupid, his mind cannot do anything but continue trying to enact his agenda.
In the face of disaster, people’s lives being lost to ruin, and this is the only proposal we have heard, to abandon our very way of life and pursue their hair-brained pie-in-the-sky fantastical imaginary ideal of utopia.
This is clinically insane, and coming from the top of our government.
So far, we have heard they are going to sue and prosecute BP, destroying jobs, tax the industry, destroying more jobs, and waste money on academic research. They are limited to their experience, which is lawyering, taxing, and studying. Not a single practical person in the bunch.
And, as they fail to mobilize to even attempt to contain the oil spill, more jobs will be lost to the loss in tourism, and yet more jobs lost as the regional fishing industry collapses.
Hope and change!
Chisum commented:
Oh My Oh My
How bad are things?
This bad:
In Desperation, Reid Tries Michelle
http://www.floppingaces.net/2010/06/02/in-desperation-reid-tries-michelle-reader-post/
Scott commented:
Haha…Hussein mentioned nuclear power as one of the clean energy solutions of the future…Keep your eye on the ball folks. He already cancelled funding for the Yucca mountain nuclear storage facility after billions of dollars were sunk into research, planning, and development. He declined to propose an alternative to Yucca mountain. If you focus on what Hussein says, as opposed to what he does you will be a couple of steps behind this magician.
Scott commented:
Obama continues to attack the producers of our economy…He already attacked nuclear power by cancelling Yucca mountain. He promised in his campaign to bankrupt coal companies. He has now reversed himself on allowing offshore oil exploration and production. And, now he wants to remove tax incentives from the oil industry. Who is John Galt?
Militant Conservative commented:
thus proving he is an idealoge at the least and a socialist at the most. He could not pour piss out of a boot with the instructions written on the heel. powder is dry.
Major Kong commented:
Queen of diamonds. ‘Nuf said.
obamas dictatorship commented:
He is a liar, con man, destroyer. His mother would be proud. I can’t stand the thought that this American hater is in OUR White House–with all those known communist-Jarrett, Axelrod, the farter fish face–emaunel…we need a champion–a republican who says bring it on! You have to out smart the AL Capones-they are thugs—that they take up tv time–they push bills everyday down our throats-there has tobe a way to get rid of them—evil liars, liars, liars…they destroyed Lousisana, NYC, and Arizona…they are after each state—crooks, crooks…
jorgen commented:
Politicians like Obama always need lots of other peoples’ money to spend.
Swifty commented:
And Obama forgot to mention that the budget surplus that Clinton ended with lead us to 9-11 where the US got caught with their pants down after the vast majority of Clinton’s years in office he underfunded and downsized both our intelligence agencies and military when he should have left them alone.
Clinton took an unearned “peace dividend” as though we were at peace with all of the world as he took us to war in Kosovo, a total non-threat to the United States, and as he watched radical Islamists blow up our property and kill our citizens at the World Trade Center, embassies around the world, and the USS Cole.
Ask the families of those killed on 9-11 if they think that budget surplus could have been money worth spending on upgrading intelligence gather capabilities rather than neutering it for at least seven out of the eight years Clinton was in office.
The nation has tried it the way of liberals, Dems, and progressives before and they always lead to failure based on misguided and wrong-headed policies. Wise up and knock it off, Mr. President.