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Posts Tagged ‘national debt’

PERRspectives

April 25, 2012

On Tuesday night, the GOP’s presumptive presidential nominee Mitt Romney threw down the gauntlet. Declaring the election is “still about the economy – and we’re not stupid,” Romney warned that “President Obama and I have very different visions.” After claiming that “government is at the center of his vision,” the Republican offered the Romney Vision:

“I have a very different vision for America, and of our future. It is an America driven by freedom, where free people, pursuing happiness in their own unique ways, create free enterprises that employ more and more Americans. Because there are so many enterprises that are succeeding, the competition for hard-working, educated and skilled employees is intense, and so wages and salaries rise. I see an America with a growing middle class, with rising standards of living.”

Unfortunately for Mitt Romney, it has been Democrats in the White House who have delivered the shared prosperity he describes. After all, as the historical record shows, from economic growth and job creation to stock market performance and just about every other indicator of the health of the U.S. capitalism, the modern U.S. economy has almost always done better under Democratic presidents. Despite GOP mythology to the contrary, America generally gained more jobs and grew faster when taxes were higher (even much higher) and income inequality lower. And while the U.S. recovery from the Bush recession remains painfully slow, most economists – including the nonpartisan CBO and some of John McCain’s own 2008 advisers – believe President Obama saved the American free-enterprise system from the abyss.

(Click a link below for the details on each.)

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If you happen to be a swing voter who’s considering the Republican slate next month, you’re being tricked. That’s not to say you’re an idiot, but the Republicans are doing an excellent job masking over what they really stand for, and millions of Americans seem to be falling for it.

The Republican strategy for this midterm election is simple: Treat voters like easily manipulated hoopleheads. The GOP and its various apparatchiks are spending untold millions of dollars, much of it from anonymous donors and, perhaps, even some illegal foreign donors, in order to play out this nationwide swindle. They’re investing heavily on the wager that Americans are so kerfuffled by the slow-growth (but growth nevertheless) economy that they’re willing to buy any line of nonsense as an alternative solution.

Regarding that nonsense, just about every GOP solution and every GOP idea reveals either a hilariously obvious contradiction or an utterly transparent hypocrisy. Say nothing of unchecked awfulness like Southern Strategy race-baiting or bald-faced lies. But it doesn’t seem to matter much because they’ve buried most of it under heaping piles of inchoate outrage and fear. Just like always. It’s not unlike the 2000s all over again. They’re engaging in the same bumper sticker sloganeering and myopic agitprop, but with updated content for 2010.

If you’ve seen any of the Republican TV spots this cycle, you’re probably familiar with the focus-group-tested duet of fear: “Obamacare and Stimulus.” For example, that infamous John Raese commercial featuring two not-West-Virginian West Virginians in full “hicky” regalia discussing why they’re voting Republican. Among the reasons: “Obamacare and Stimulus.” No specific reasons why those items are evil, they’re just two scary things the hicky guys are pissed about.

And why aren’t there any specific gripes cited along with those two items? Because the actual gripes are ridiculous.

Let’s start with “Obamacare,” then hit “Stimulus” presently.

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Obama On Lessons Learned: I Should Have Started With No Tax Cuts And Let GOP Take Credit For Them»

Think Progress- By Faiz Shakir on Feb 9th, 2009 at 9:42 pm

At tonight’s White House press conference, NPR’s Mara Liasson asked President Obama what lessons he has learned through the process of negotiating with Republicans over the economic recovery package. Obama explained there’s a lot of people who “sort of want to test the limits of what they can get.”

Reflecting further, Obama reminded the journalists present that the conservatives had originally expressed their approval of Obama’s plan to offer over $300 billion in tax cuts. But over time, they decided not to negotiate in good faith:

They were pleasantly surprised and complimentary about the tax cut that were presented in that framework. Those tax cuts are still in there. I mean, I suppose what I could have done is started off with no tax cuts, knowing that I was going to want some and then let them take credit for all of them. And maybe that’s the lesson I learned.

He added, “People have to break out of some of the ideological rigidity and gridlock that we’ve been carrying around for too long.”

Obama went on rip Republicans who now lecture about the need for fiscal responsibility. “It’s a little hard for me to take criticism from folks about this recovery package after they presided over a doubling of the national debt,” he said. “I’m not sure they have a lot of credibility when it comes to fiscal responsibility.” Watch it:

In early January, when Obama unveiled his recovery plan, ThinkProgress’ Matt Yglesias warned of the problem with starting off the stimulus negotiation with a healthy amount of tax cuts. “It’s one thing to unveil a compromise as a result of a bipartisan negotiation, and another thing to unveil an opening bid that you say you hope conservatives can get on board with,” he wrote.

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Obama News Conference (VIDEO)

Huffington Post |   February 9, 2009 09:48 AM

Scroll down for video… Read Obama’s opening remarks here

President Barack Obama, pressuring lawmakers to urgently approve a massive economic recovery bill, turned his first prime-time news conference Monday night into a determined defense of his emergency plan and an offensive against Republicans who try to “play the usual political games.”

He said the recession has left the nation so weak that only the federal government can “jolt our economy back to life.” And he declared that failure to act swiftly and boldly “could turn a crisis into a catastrophe.”

He said the country could be in better shape by next year, as measured by increased hiring, lending, home values and other factors. “If we get things right, then, starting next year, we can start seeing significant improvement,” Obama said.

With more than 11 million Americans now out of work, Obama defended his program against Republican criticism that it is loaded with pork-barrel spending and will not create jobs.

“The plan is not perfect,” the president said. “No plan is. I can’t tell you for sure that everything in this plan will work exactly as we hope, but I can tell you with complete confidence that a failure to act will only deepen this crisis as well as the pain felt by millions of Americans.”

MORE VIDEOS & MORE ON THE STORY HERE

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