Author Topic: Obama on the economy: "We tried our plan — and it worked" - Holy S%^& LMAO!!!  (Read 3534 times)

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Obama on the economy: ‘We tried our plan — and it worked’

July 24, 2012

Joel Gehrke

http://washingtonexaminer.com/obama-on-the-economy-we-tried-our-plan-and-it-worked/article/2502981




President Obama, discussing his economic policies during a fundraiser in California, told supporters last night that “we tried our plan — and it worked” as he explained why they should reelect him.

“We tried that and it didn’t work,” Obama said of Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy.  “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech.  “That’s the difference. That’s the choice in this election.  That’s why I’m running for a second term.”


 
Obama made these comments in Oakland, Calif., where the unemployment rate was 13.7 percent in May 2012. The national unemployment rate is 8.2 percent — up from 8.1 percent in May — for the second straight month.
 
To prove that his economic plans have “worked,” Obama cited the auto industry bailouts. “I refused to turn my back on a great industry and American workers,” he said. “Three years later, the American auto industry has come roaring back.”
 
Obama’s auto bailouts aren’t the unalloyed success he describes. “President Obama’s auto task force pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded,” The New York Times reported in 2010, based on an audit. “The report … estimated that tens of thousands of jobs were lost as a result.”
 
The Washington Examiner’s Conn Carroll also observes that Obama bailed out union pensions, while neglecting non-union workers, and decided not to follow the law by paying certain creditors — and still didn’t save money.
 
“All told Obama’s violations of bankruptcy law made the bailout of GM and Chrysler $26.5 billion more expensive than it had to be,” Carroll explained recently. “And according to Obama’s own Treasury Department, taxpayers stand to lose $23 billion if GM stock were sold today.”
 
Obama’s view of the economy is not shared by congressional leaders in his own party. “The economy has not recovered,” Rep. Henry Waxman, D-Calif., said in a recent interview. “Some people call it a recession, I think it’s a depression.”
 
Waxman’s message might not inspire enthusiastic cheers at a campaign rally, but at least he avoided having a Mission Accomplished moment on the economy.

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In a parallel universe, Obama has just fired most of his senior staff in a feeble attempt to thrwat what has risen to an 11-point Jeb Bush lead in most polls.

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In a parallel universe, Obama has just fired most of his senior staff in a feeble attempt to thrwat what has risen to an 11-point Jeb Bush lead in most polls.

240 - is obama FOS here? 


240 is Back

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240 - is obama FOS here? 



of course he is full of shit.   But when you have idiots like Rick Scott bragging about how things have recovered for 11 straight months...

well, it's difficult for republicans to say this tea party hero is WRONG.

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of course he is full of shit.   But when you have idiots like Rick Scott bragging about how things have recovered for 11 straight months...

well, it's difficult for republicans to say this tea party hero is WRONG.

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 ;)

Soul Crusher

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Dos Equis

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“We tried that and it didn’t work,” Obama said of Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy.  “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech.  “That’s the difference. That’s the choice in this election.  That’s why I’m running for a second term.”


He must be on crack.

dario73

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"The private sector is doing fine"

MCWAY

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of course he is full of shit.   But when you have idiots like Rick Scott bragging about how things have recovered for 11 straight months...

well, it's difficult for republicans to say this tea party hero is WRONG.

Once again, you completely botch the issue. Scott is talking about HIS PARTICULAR STATE, not the country overall.

Things are recovering in Wisconsin, too, thanks to Scott Walker. But for the bulk of the states, it's lousy. That's hardly unusal in a situation like this.

whork

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He must be on crack.

So was Bush apparently he inforced the tax cuts

whork

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Once again, you completely botch the issue. Scott is talking about HIS PARTICULAR STATE, not the country overall.

Things are recovering in Wisconsin, too, thanks to Scott Walker. But for the bulk of the states, it's lousy. That's hardly unusal in a situation like this.


Haha yes the economy is shit and when it isnt its because of an republican ::)

You forget it was an republican who was on watch when the economy turned shit dont you?

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Haha yes the economy is shit and when it isnt its because of an republican ::)

You forget it was an republican who was on watch when the economy turned shit dont you?

and it hasnt gotten any better under you gay communist messiah 

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Haha yes the economy is shit and when it isnt its because of an republican ::)

You forget it was an republican who was on watch when the economy turned shit dont you?

And the guy who was supposed to fix it made it even worse, notwithstanding that the Republican in question had a Democrat Congress his last two years, which just so happens to be the time when the economy tanked.


whork

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and it hasnt gotten any better under you gay communist messiah 

Actually it has.

Several states has a way better economy and we have 30 million more people insured now.


Soul Crusher

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Actually it has.

Several states has a way better economy and we have 30 million more people insured now.




LOL - you chooming now too? 

whork

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And the guy who was supposed to fix it made it even worse, notwithstanding that the Republican in question had a Democrat Congress his last two years, which just so happens to be the time when the economy tanked.



You thought Obama could FIX the economy. Did you think he was a magical ::)

I thought you were a capitalist if you are you should know that its the private sector that is responsible/ has impact on the economy not so much the white house.

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LOL - you chooming now too? 

And it will continue to get better. No wars started and a health care reform although by no means perfect will save us money in the long run.

Obama is doing great compared to the republicans thats for sure

Soul Crusher

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And it will continue to get better. No wars started and a health care reform although by no means perfect will save us money in the long run.

Obama is doing great compared to the republicans thats for sure

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Dos Equis

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This one is just as bad as "you didn't build that." 

MCWAY

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And it will continue to get better. No wars started and a health care reform although by no means perfect will save us money in the long run.

Obama is doing great compared to the republicans thats for sure

When did we get downgraded under the Republicans?

Under which Republican did we have 42 straight months of 8% (or higher) unemployment?

Which Republican spent more than nearly all of his predecessors?

When did the Republicans bleed over 60 House seats and six Senate seats in one midterm election?


Under which GOP adminstration did we have a year, hwere unemployment was at least 9.5%?

Kazan

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When was the last time we actually had a budget?

And if this is working I would hate to see what would happen if is failed
ΜΟΛΩΝ ΛΑΒΕ

Soul Crusher

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Video: Romney Camp Hits Obama Over "It Worked," Left Screams "Out of Context"
Townhall.com ^ | July 26, 2012 | Guy Benson
Posted on July 27, 2012 6:15:33 AM EDT by Kaslin

Impressively quick reflexes from the Romney campaign -- hopefully this is only the beginning of a wider attack strategy constructed around "it worked:"
It Worked

Liberals are again claiming that Obama is being taken "out of context" here.  Slate's Dave Weigel says Obama was obviously referring to the Clinton-era tax rates -- which he mentioned just prior to "it worked."  Five points:  (1) If you read the full transcript of the speech, Obama was building a broader case against Mitt Romney's "top down" approach to governance (full of distortions, of course, but that's politics).  The president described at length the "contrasting visions" that separate himself from his opponent, listing off tendentiously-phrased examples along the way.  So the "context" of "it worked" was ambiguous, at best.  The Examiner's Joel Gehrke makes this point, as does The Fix's Aaron Blake, albeit reluctantly:
 

If you’re a Democrat, Romney’s ad will look wildly out of context and irresponsible. But if you’re a Republican, you can make a credible case that the ad is completely justified. It goes like this: Obama was contrasting two different tax policies — one being the Republican policy, and the other being the Democrats’ policy. Obama was talking about how the Democrats’ policy is better. But Democrats have been in the White House for four years now, and things are still bad. So obviously Democrats’ policies — on taxes or otherwise — aren’t that great.

 
(2) If Obama was referring only to the Clinton-era tax rates "working" in the clip, is he using the royal "our" when he described "our policies"?  Obama was a nowhere near Washington when those policies were in place.  Also, within Democrats' preferred contextual intepretation, what exactly constitutes "their policies," which presumably didn't work, according to Obama?  The Bush tax cuts?  Last I checked, GDP growth, unemployment, and annual deficits were all much better under Bush than they've been under Obama -- up until the 2008 crash, that is, which had virtually nothing to do with tax policy.  So if we're to believe that Obama was exclusively discussing Clinton's tax rates (why won't he praise Clinton's spending rates?), he's being rather promiscuous with the word "our," and he's mischaracterizing Republican-era policy outcomes. 

(3) If Clinton's rates "worked," why didn't Obama and the Democrats re-impose them when they controlled everything for two years, which included a lengthy Congressional supermajority?  And what has changed between 2010, when Obama defended his decision to maintain and extend the Bush rates based on the "fragile" economy, and now?

*(4)* If Obama was "taken out of context," as Democrats vigorously assert, don't those complaints tacitly concede that Obama's economic policies haven't worked?  Think about that.  I eagerly await the next defensive Obama advertisement: "Of course I didn't say that my economic plan worked..."

(5) Let's say, for the sake of argument, that the Romney campaign secretly agrees with Obama supporters' view of this context flap.  Let's assume they're deliberately ignoring the truth in order to score points and wound the president politically.  Are those who are shrieking loudest now also willing to totally repudiate the tens of millions of dollars Chicago has already dropped on baseless, discredited "outsourcing" ads?  They're still airing, despite earning 'Four Pinocchio' rulings and "no evidence" verdicts from fact-checkers.  Even within the hypothetical Team-Romney-is-intentionally-fibbing scenario, aren't they merely giving as good as they've gotten?  Hardball, and all that? In other words, cry me a river, Obama supporters.  Let me clarify that I am not imputing those motives onto the Romney campaign here, and I wouldn't defend them if I thought they were being dishonest.  They have taken Obama out of context before, which I condemned.


UPDATE - Right on cue:
 

Consumer confidence falls to 2012 low: The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, fell another point on Thursday to the lowest level of 2012. At 78.5, confidence is down three points from a week ago, down three points from a month ago and down 11 points from three months ago. Confidence is down 19 points from the highest levels of 2012.


"It worked!

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LOL - Obama can't say a damn thing off teleprompter without creating an ad