"Last summer, I worked with Republicans in Congress to cut $1 trillion in spending
"Now, I'm still eager to
reach an agreement based on the principles of my bipartisan debt
commission. No party has a monopoly on wisdom. No democracy works
without compromise."
Absent were direct
references to the stimulus or Obama's health care plan -- both partisan
flashpoints that still get mixed reviews from voters in most opinion
polls.
1 trillion cuts in spending. Mark my words, they will never happen. If cuts are not made immediately, they never happen and if they do, they will be a fraction of what was agreed upon.
Obama soundly rejected the bipartisan commission. In his acceptance speech he wants to compromise?? No references to the healthcare plan.
This is the person some want to run the coun ry for the next 4 years.
Biden's argument that "after the worst job loss since the Great Depression we created 4.5 million private sector jobs in the past 29 months" – a frequent response by the Obama campaign when questioned about the slow economic recovery.
ReplyDeleteThe Associated Press and others point out that statement is misleading because it counts jobs from the recession's lowest point to where employment began to grow again – excluding jobs lost earlier in Obama's term and masking that overall unemployment has increased over that period.
The Associated Press also points out that Obama said in his speech that he wants to use money saved by ending the wars to build highways, schools and bridges.
ReplyDeleteHowever, the wars were largely financed by borrowing "so there is no ready pile of cash to be diverted to anything else," the wire service writes.
Iouman,
DeleteNo interest? Not so. I had come across this elsewhere posted a 'strongly agree' reply. Certainly DCdoublespeak, or is that DCdoubledip?
Honestly, what else is there to say about this 'stuff'? There is no way to defend it, and walking it back, an oft-used phrase nowadays, would only muddyup the Obamawaters, no?
Jean
Obama boasted that "independent experts" found his economic plan would cut the deficit by $4 trillion over 10 years. However, one such analyst called a key element of the plan a ‘gimmick,’ the group said.
ReplyDeleteOther examples include the president saying U.S. auto makers are back on top of the world.
"Nope," writes FactCheck, pointing out that General Motors has slipped back to No. 2 and is headed for third place in global sales this year behind Toyota and Volkswagen.
Biden misquoted Mitt Romney when he said the GOP presidential nominee "believes it's OK to raise taxes on middle classes by $2,000."
ReplyDeleteRomney in fact promises to lower middle-class taxes, FactCheck points out.
Guess there is little interest in the stories.
ReplyDeleteOne thing is for sure - the money will be spent. who it gets spent on is the biggest issue. We really need to look at the programs that increase the velocity of money in our economy and put our resources there. We tried spending it in the banks and big car companies and that didn't work. Maybe it is time to give everybody a tax holiday for a couple of years and see if that doesn't cure a few ills.
ReplyDelete