President Barack Obama accused Republicans of clinging to economic policies that preceded the Great Depression and the more recent economic downturn, saying his rivals are showing signs of “madness.”
Raising campaign cash in Maine on Friday, March 30, Obama said Republicans want to return to economic policies that would let Wall Street play by its own set of rules and allow insurance companies to roll back health coverage.
“We won’t win the race for new jobs and new businesses and middle-class security if we cling to this same old, worn-out, tired ‘You’re on your own’ economics that the other side is peddling,” Obama said.
“It was tried in the decades before the Great Depression. It didn’t work then. It was tried in the last decade. It didn’t work,” he said. “You know, the idea you would keep on doing the same thing over and over again, even though it’s been proven not to work. That’s a sign of madness.”
Actually, the policies that are not working belong to Barack Obama. The fact that this is the weakest recovery in history proves Obama’s policies failed, not his predecessors.