Obamanomics in Action… Barack’s Latest Line: “We Cannot Just Cut Our Way to Prosperity” (Video)

Barack Obama lectured Americans today,
“We cannot just cut our way to prosperity.”

From the President’s Weekly Address:

For some time now, I’ve been calling on Congress to take steps to make higher education more affordable – to prevent these interest rates from doubling, to extend the tuition tax credit that has saved middle-class families millions of dollars, and to double the number of work-study jobs over the next five years.

Instead, over the past few years, Republicans in Congress have voted against new ways to make college more affordable for middle-class families, and voted for huge new tax cuts for millionaires and billionaires – tax cuts that would have to be paid for by cutting things like education and job-training programs that give students new opportunities to work and succeed.

We cannot just cut our way to prosperity. Making it harder for our young people to afford higher education and earn their degrees is nothing more than cutting our own future off at the knees.

And, Lord knows, we can’t spend out way to prosperity either.

Barack Obama added a record $5 trillion in new debt in just three years.

Obama tripled the national deficit above one trillion dollars.

(J. Hoft Chart)

And, because of the runaway spending, the economy was downgraded for the first time in history.

And today he tells us we cannot cut our way to prosperity.
It’s an Obama world.

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  • Sasja

    Fat lot of good a higher education will do when there are no jobs to fill after one graduates.
    Last figure I read stated 2 million jobs have been lost; jobs that are no longer available for anyone to fill, since His Unholiness became prez. That figure has probably increased by now.

    I think Congress should cut spending by 50%, if not totally eliminate, the EPA, NEA; all the unncessary bureaucracies in that alphabet soup we call government.

    One good cut which will benefit our country is cutting this piece of crap come
    November.

  • John Fembup

    “Making it harder for our young people to afford higher education and earn their degrees is nothing more than cutting our own future off at the knees.”

    I may be wrong here, but isn’t it colleges and universities themselves that are making higher education overly expensive and cutting off our future at the knees?

    I may be wrong here, too, but doesn’t Obama’s suggestion to subsidize tuition actually guarantee additional income to colleges and universities? That won’t encourage the colleges and universities to reduce their tuitions – in fact, the opposite will occur. What then?

    “We cannot just cut our way to prosperity”

    Yeah? Well we sure can’t TAX our way to prosperity.

    Our Dear Leader once again makes his choice clear: spend more, tax more (and, oh yeah, waste more).

    We should all be sure to make OUR choice clear, come November.

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  • tommy mc donnell

    any successful obama program is a failure for america.

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  • pjean

    How can this president say such things after stories of sickening government waste and abuse like this one?

    http://www.usatoday.com/news/nation/story/2012-04-19/rita-crundwell-dixon-illinois/54420344/1

  • Laura Castellano

    Well darlin’ we sure can’t SPEND our way to prosperity.

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  • vityas

    That’s why saving for a rainy day has always been such a stupid idea.

  • 1RedBeard

    The One is having a lot of tantrums lately, and throwing his rattle out of his stroller. Mean ol’ Republicans won’t do everything his way, so he can’t wreck the country as fast as he wants to. [sob]

  • kelly

    Good greif…what he is one big fat LIAR!!! Excutive order after Excutive order,the FRAUD does nothing but of what he did and does and blame republicans.check out repubicans been saying all along and this FRAUD take their words as his speech in what republicans been saying and trying to do. And his as they’re speech.fraud is a liar and has done not a dam thing.Speeches of lies,he is a total Jackass! TREASON HIM!HE HAS DONE GRAVE DANGER TO OUR COUNTY WHILE USING OUR TAXDOLLARS IN BOOSTING UP HIS COUNTRY,KENYA that’s where he was born.He has given to Hamma’s and other countries while tearing down ours as Sorto tried to do in ENGLAND he was sort after in fleed to NY after staying in hideing Sorto is wanted in Spain he lost his court Appeal for his inside tradeing which is ILLEGAL.Sorto,Bill Ayers,Acorn,Move on,Seiu are all tearing our country down . STOP THEM!

  • SeniorD

    The ‘Perfect Storm’ of Keynsian economics, Cloward-Priven Socialism and inflationary money policies.

    Boy, these Social Democrats really know how to muck things up!

  • Perhaps, but we can cut our way back from the abyss- and we no longer have ANY choice

    The numbers don’t lie…

    ALL Any American Needs to Know About the Astonishing Obama Debt Crisis… in Pictures

  • michael Collins, Esq

    Where is it written, that the government should co-sign a loan for kids to go to college? I have no problem with the GI Bill because veterens served our country, but to those smart enough to get out of bed and finish high school should figure out how to do it on their own.
    Trade schools are a scam milking the government. Right now 6.8% is better than 18% that credit cards charge, lowering it to 3% is a trap. { next course for the Progressives is student-loan forgivness }

  • olm

    Wow, his speeches don’t even make sense anymore. Did they ever?
    The tragedy is that there are countless studnets graduating soon and no jobs for them to fill with an eye popping amount of student loan debt.
    I don’t know quite how this “bubble pops” but I do know one thing, even if this new workers could find jobs, which I doubt, their enormous debt hampers their ability to participate in this economy.

  • bg
  • JoyO

    Well, he has proven we can’t spend our way to prosperity! Obama has increased our national debt by $5 trillion in just three years. I hate to imagine what our debt will be if he is elected again. We will probably all be eating dog meat by the end of his second term.

  • He likes to talk about America’s young people. Who do you think is hurt most by the ever growing national debt. It is generational theft, plain and simple!

    http://beatbarack.blogspot.com/2012/01/debt-generation.html

  • bg

    ++

    re: #16 April 21, 2012 at 9:41 am bg

    btw, i don’t understand the dissing of GW Bush (or i’m just not getting the
    sarcasm), as his grades were higher than Mr. John ‘i served in Vietnam and marr$ed up” F’n Kerry.. 😀

    ==

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  • SeniorD

    Of course our Socialist President likes to talk about ‘young people’ – he’s the Pied Piper luring unsuspecting children (both the young and old) to a Government provided paradise!

  • cal rifkin

    Well, yer average dipsh!t Obama voter falls into a spell when He speaks. That sh!t works on them, and they’ll still come out in Nov. to cast their ballots and cancel out your vote…that and cheating will maybe put him over the top again.

  • Patty

    There is a debt that the youth owe on their College Education. Those who have attended College have had to pay on their loans. Now, they graduate and there aren’t the jobs out there but this has nothing to do with the cost of College. It is the responsibility of a student to pay for College. There are Pell grants, FASA, Scholarships and even sponsors who can help. There are plenty of ways to help students but there is a point where students must grow up and pay their dues, too.

    Obama hasn’t done a thing to create jobs and if anything his idea of green is a failure and now he keeps blaming Congress. What makes this incredible is that he won’t stop spending his way out of his own predicament. Billions on waste and Obama being in charge instead of Budget and tightening their belts in Washington he keeps blaming the other guy.

    Here is something that makes me livid. There are schools, because of some grant Obama has given to them, pay $100 dollars for every test a kid passes.

    Well, like always by sons are a day late on this one too. If this was in affect when my sons were in High school they would have their college Tuition paid in Full.

  • arnonerik

    Other world leaders laugh at Obama when he tries to give them economic advice. I wish we could, but it’s difficult to laugh at 5 trillion in new debt in 3 years. This man is a disaster and I don’t think it is stupidity. He is realizing his dream of “transforming America” into a basket case.

  • StrangernFiction

    Pure Evil

  • tommy mc donnell

    #18…is right sooner or later someone is going to have to pay the bill for all the money the spendaholic politicans have spent.

    OT… a couple of questions: how many women do you think will swoon this election season? maybe some of the women that post here can answer this question, how does a woman see a male that looks like alfred e neumann and get the vapors?

  • Patty

    ot

    New Law To Require ‘Black Boxes’ In All Cars

    http://nation.foxnews.com/cars/2012/04/20/new-law-require-black-boxes-all-cars

    It doesn’t stop, intervening in every, every single part of our life!!!

  • Patty

    #26

    Well, I will take a stab at that!!..Obama is gross. I never thought he was good looking. OMG

  • We can’t just cut our way to prosperity?

    Yes, we can!

  • Redlite

    The Whiner In Chief at his best. This S o b has a future as a motivational speaker when he gets out of prison. His own lawyer Alexandra Hill now admits that the B.C. that was put on the ‘net is a forgery.

  • Finncrisp

    Tax More, Spend More, Make Less, Have Less

    We get it already. So why would anyone vote for another term for the Clown Prince of Kenya?

  • Patty
  • Blacque Jacques Shellacque

    “We cannot just cut our way to prosperity.”

    Sure we can.

    Didja bother to consider including regulations and red tape in those cuts?

  • owl

    LOVE the chart. If ever a picture was worth a few trillion………………….. Hey GOP! You blind? Can anyone see Jim’s chart???

    Obama’s little sermon of the day reminded me of his ‘silver spoon’ dig at Romney. Romney did one of my favorite comebacks of all time when he shot back that his Dad started poor and did not have a college education. Just WOW. I call that shooting him off at the knees.

    Who paid Obama’s bill for Harvard?

    Doggygate beat all their ‘funny people’ and their MSM could not protect them with The Silence. Breitbart is here.

  • Patty

    Black Students Beat Piñata Shaped Like White Woman (at the University of Memphis)

    Here are some students that Obama wants to help.

    A piñata shaped like a white woman was strung up to a tree at the University of Memphis, then African-American students took turns beating it with a stick.

    Where is Al Sharpton when you need him? Isn’t this a shocking case of racism?

    No, actually it isn’t. Turns out the students involved were mere grade school kids, brought on campus for a special “Luau” party sponsored by the university. The piñata was supposed to represent a hula dancer.

    “We want to assure our community that no racial or gender animosity was intended,” said a university spokesperson.

    At worst, this seems like a bad case of multicultural confusion. (Hawaiian luau + Mexican-style piñata = what cultural tradition exactly?)

    Luckily, in this case, the racial dynamics were not reversed, with white students and a black piñata strung up to a tree. Imagine the controversy that would have generated.

    Nevertheless, the university was compelled to explain itself when the picture started generating backlash after it was posted online.

    It’s a sad thing when a few kids can’t swing at a piñata without unleashing an avalanche of racial grievances. But that’s the reality we live in.

    http://www.thecollegefix.com/post/10559

  • Patty

    http://shine.yahoo.com/parenting/ad-praising-moms-olympians-moves-212200056.html#more-id

    THIS IS FOR ALL YOU MOMS OUT THERE. AND WE THANK YOU FOR ALL YOU DO!!

    WATCH AND YOU TELL ME IF THERE ARE TEARS OF JOYS.

    SEND THIS TO HILLARY ROSEN

  • Patty

    #36

    ot SORRY.

  • Patty

    CBO estimates Obama’s 2013 budget plan would hit economic growth

    “CBO’s report confirms what millions of Americans already know from experience: the president’s failed policies impede job creation, stifle economic growth, and ensure a diminished future,” House Budget Committee Chairman Paul Ryan (R-Wis.) said in a statement.

    “It’s official: President Obama’s idea of a ‘balanced approach’ leads to an unstable economy,” said Speaker John Boehner (R-Ohio). “This CBO report confirms the president’s policies will hurt long-term job creation and economic growth, and proves we have to do everything possible to stop Washington from spending money it doesn’t have, get control of our debt, and get government out of the way.”

    http://thehill.com/blogs/on-the-money/budget/222767-cbo-sees-obama-budget-reducing-growth-in-long-term

  • Patty

    Unbelievable: Jon Corzine still bundling mega-bucks for Obama’s campaign

    The information’s hiding in plain sight but it’s still a nifty catch by the Standard’s Daniel Halper. You know why? Because the idea that Jon Corzine is still raising hundreds of thousands of dollars for The One is so insane and implausible, virtually no one would have thought to check. Of course that’s not happening. Of course.

    And yet.

    read more here:

    http://hotair.com/archives/2012/04/20/unbelievable-jon-corzine-still-bundling-mega-bucks-for-obamas-campaign/

    http://media.hotair.com/wp/wp-content/uploads/2012/04/jc6.jpg “a chart here.”

  • Patty
  • Patty

    10 TOP OBAMA FLIMFLAMS

    1. Unprecedented shorthand

    2. Invoking Reagan

    3. Keystone cop-out

    4. False Rutherford B. Hayes smear

    5. Weathering budget cuts

    6. Poisoning children

    7. Buffett gimmick

    8. Blaming others

    9. Rhetorical overkill

    10. War on Women

    http://www.humanevents.com/article.php?id=50982

  • Patty

    Pelosi on Americans not paying income tax: ‘I wish they would earn more so they can pay more’ [VIDEO]

    Read more: http://dailycaller.com/2012/04/20/pelosi-on-income-tax-i-wish-they-would-earn-more-so-they-can-pay-more-video/#ixzz1sh8ISfH6

    She is one of the biggest Problems we have in Washington. She doesn’t talk to much about her Obama care. Read later first sign.

    The movers and shakers are holding their Millions and some have more because of her and Obama. They just don’t get it. Those with money and who will hire others are waiting for this administration to be a memory and November when we will get back to our most basic roots. Employment can once again soar.

    We need to clean house and nothing will make me any happier as to see Boxer, Reid, Holder, Pelosi and Obama out of Washington so we will see real recovering.

  • Valerie

    Oh, I agree with him, sort of.

    There is an economic theory that government spending for any purpose can result in cycles of subsequent consumer spending and improved economic prosperity. This is called a Keynseian multiplier, or stimulus. http://www.investopedia.com/ask/answers/09/keynesian-multiplier.asp#axzz1sh6IoSyg

    The key term in that definition turns out to be the phrase “any purpose.” The example used by an economist interested in discussing real national purposes might be a dam, a canal, a highway system, or even a world war.

    An Alynskyite would say, “any purpose? ANY purpose? Great. Political organizing is a purpose.
    We can use this theory to send money to our friends, get kickbacks to pay for our next elections, and we can claim that it will IMPROVE THE ECONOMY because the spending can be for ANY PURPOSE! Wow! Rob the government for fun and profit, give power to your friends, and you never even have to pay off the little people.

    The Romans had a little problem with this.

    The Keynsians made a mistake. They assumed at the time that everyone understood a certain limitation on the term “any purpose.” They assumed that phrase to mean “any legitimate purpose” or “any purpose that results in some long-term good.” Further, they failed also to explicitly state another limitation, namely that the spending by the government must be proportionate to the overall resources of the country. They assumed that other people would understand that DISPROPORTIONATE spending by the government necessarily withdraws resources from the private sector, to the detriment of both the public and private sectors.

    The Keynsians failed to say “PROPORTIONATE government spending for any LEGITIMATE purpose” will result in cycles of further spending.

    They failed to protect themselves from people of determined ill will.

  • jainphx

    Yes we can cut or way to prosperity, and its simple, just cut you out of the peoples house Mr Soetero. We can send you on a one way trip back to Kenya.

  • Valerie

    #41 April 21, 2012 at 11:59 am
    Patty commented:

    Rep. Nancy Pelosi is from California. If she is to be defeated, there has to be a viable candidate to run against her. In California, unions pay for the elections.

    http://www.opensecrets.org/politicians/contrib.php?type=C&cid=N00007360&newMem=N&cycle=2012

    Further, Nancy Pelosi’s family has prospered amazingly since Barack Obama’s election. She can self-finance.

    http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00007360&year=2010

  • jainphx

    valerie=== Someone should do a forensic audit of all elected officials. I still am amazed how most, come into office with average income, and after being in office a few terms, are multii millionaires. Piglosi is no exception, or Diane fienstein, who as chairman of defense spending commitee, awarded her husbands firm a multi billion dollar no bid contract. When caught, her only penalty was to be removed as chairman. There are so many like stories that it makes one want to cry.

  • Blacque Jacques Shellacque

    If she is to be defeated,…

    HAAAHAHAHAHAHHAAAA!!!!!

    You can’t be serious. The only way this loathsome turd would be beaten is for the opponent to be even more of a left-wing idiot.

    Always remember, Pelosi’s district encompasses maybe around 70% of San Francisco proper.

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  • David Christensen

    It is so clear. Vote for a man this November with a resume of accomplishment and success. Vote for a man of honor, integrity and decency. Or, vote for a community organizer, who set a record for being present in his senate positions. Vote for a person who has absolutely no worthwhile accomplishments attached to his name.

  • bg

    ++

    Valerie #44 April 21, 2012 at 12:14 pm

    a bit more here (in connecting links), and here
    (would enjoy your critique so to speak), thanks..

    ==

  • FurryGuy

    Even if it were possible for a nation to spend its way to prosperity, with Barry and his anti-America/anti-Capitalist Merry Band of Marxists in charge it wouldn’t happen no matter what. While Barry stumps for more companies to “in-source” back to the US (in anticipation of the tax windfall obviously), the administration is throwing millions in taxes to pay for training of foreign nationals to work in English language call centers.

    USAID training foreign workers for English-speaking jobs

  • Valerie
  • bg

    ++

    Valerie #51 April 21, 2012 at 4:36 pm

    😆 too 8)

    ==

  • FreedomFighter2

    ” If I wanted America to fail”

    http://www.canadafreepress.com

  • Valerie

    #49 April 21, 2012 at 2:49 pm
    bg commented:

    Nancy Pelosi gives every indication of being senile, and yet her personal finances are in magnificent shape. Suddenly she is making fabulously lucky investments, so that her personal wealth grows by leaps and bounds, well beyond the rate of recovery other investors experience.

    Of course, her district gets valuable political favors such as waivers
    http://www.foxnews.com/politics/2011/05/17/restaurants-cafes-pelosis-district-eat-health-care-law-waivers/

    porn support
    http://talk.baltimoresun.com/showthread.php?t=208840

    and protection for mice
    http://www.youtube.com/watch?v=U6Icj14RzsA

    Nancy Pelosi’s office is a favor machine.

  • bg

    ++

    #53 April 21, 2012 at 5:01 pm
    FreedomFighter2

    link fail, please try again..

    thanks..

    ==

  • bg

    ++

    re: #55 April 21, 2012 at 5:23 pm bg

    re: #53 April 21, 2012 at 5:01 pm
    FreedomFighter2

    ndver mind, found it..

    ”If I wanted America to fail”

    ===

  • bg

    ++

    Valerie #54 April 21, 2012 at 5:22 pm

    thank you..

    seems to me they’ve all evolved into “favor machines”..

    “Power tends to corrupt, and absolute power corrupts
    absolutely. Great men are almost always bad men.”

    ==

  • bg

    ++

    FreedomFighter2 #53 April 21, 2012 at 5:01 pm

    thank you, already passed it on..

    ==

  • lizzy84

    198 days till we can give him the boot.

    Meanwhile, weasel zippers delivers again:

    Obama Regime Blowing Millions of Dollars to Train Foreign Students for Outsourced Positions. And suddenly this morning’s Weekly Address calling on the GOP to lower interest rates for student loans becomes twice the crock of fish than at first sight:

    link:http://weaselzippers.us/2012/04/21/obama-regime-blowing-millions-of-dollars-to-train-foreign-students-for-outsourced-positions/

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