Obama Warns Debt Ceiling Should Not Be ‘Used As A Gun’ To Extract Tax Breaks

gun or assault rifle?

“gun or assault rifle?”
Both! Shop smart, shop S-Mart!

“The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, for oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high.”
Same talking points, different day. Jet owners, evil. Oil companies, evil. Tax hikes, good.
“Despite the nation’s 9.1 percent unemployment rate, the president touted that his administration has created 2 million jobs in the private sector over the past 15 months”
The White House Council of Econimic Advisors (hand picked by Obama) reports:
the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.
Heck of a job Barry. What a bargain.

ABC News: “In some of his harshest language to date in the fight over the deficit, President Obama warned today that the debt ceiling should not be “used as a gun” against Americans to extract tax breaks for the wealthy.”
Harsh language? I thought Progressives called this “violent rhetoric.”
It’s interesting that Obama, a multi-millionaire, took full advantage of the Bush tax cuts he railed against but ultimately extended last December when both chambers of Congress were controlled by Democrats. That saved him $100,000 on his 2010 tax return. He hasn’t returned his tax cuts to the IRS, even though he doesn’t need the money. His lifestyle is fully bankrolled by taxpayers. For some odd reason, there’s no outrage from the left. Why is that?

Obama said he froze salaries at the WH.
Gawker reports:
“special assistant to the president for economic policy Matthew Vogel’s $59,000, 82% raise to an annual salary of $130,500, or director of African American media Kevin Lewis’ $36,000, 86% pay hike.
Both of those were accompanied by title changes indicating that the bigger paychecks came along with new duties. But almost half of the raises doled out by the White House in the last year—59, or 40% of all raises—weren’t accompanied by new job descriptions. One of them—special assistant and associate counsel to the president Michael Gottlieb’s 14% pay bump from $114,000 to $130,500—was a clear violation of Obama’s freeze on salaries over $100,000.”
AND the media will let this lie slide right on by also….,

We keep hearing about oil companies and airlines – things that produce a product people actually use. We keep hearing that these things are harmful to American prosperity. When are we going to hear that single moms having multiple children out of wedlock, deadbeats with no work ethic, welfare addicts, WIC users, those having their rent subsidized, etc…when are we going to be told that those many millions of irresponsible people making irresponsible decisions are harmful to American prosperity?

It’s interesting that Obama, a multi-millionaire, took full advantage of the Bush tax cuts he railed against but ultimately extended last December when both chambers of Congress were controlled by Democrats. That saved him $100,000 on his 2010 tax return. He hasn’t returned his tax cuts to the IRS, even though he doesn’t need the money. His lifestyle is fully bankrolled by taxpayers. For some odd reason, there’s no outrage from the left. Why is that?
—-
He donated that $100,000 to those in need. Much of the money went to the Sidwell Institution. It provides education for the less fortunate. Nancy Pelosi cahrity work with with her wealth as well. You can also work in her vineyard.

Hey Chuck,
Bush supposedly had a successful track record as governor of Texas… look what he did to America

Economic numbers are worse now than 12 months ago, and Obama’s minions somehow blame Bush for it?? The private sector workforce is at a 30 year low, as people give up looking for work. The longest stretch of chronically high unemployment since the Depression. Obama took Bush’s last annual deficit and nearly quadrupled it. All the while Obama gives his staffers raises double the national average. Obama still has not proposed a budget which would actually REDUCE the debt–CBO reminds him, “We don’t estimate speeches.” The DoJ is pumping illegal weapons across the border into Mexico–while thwarting Congressional investigation into it. The One not only continues the wars he promised to end, but he adds more in Libya, Yemen, and Somalia–all while shredding the War Powers Act.
Heckuva job, Barry.

The longest stretch of chronically high unemployment since the Depression
++++++++++++++++++++++
What are the Republicans doing about it? They promised to make unemployment their top priority last election.

All of the Democrats disparaged here willingly vote to raise their own taxes, which is more than can be said of almost any Republican.

Posted by: Merlot | Jul 6, 2011 5:47:58 PM
Who cares? This is a time of crisis. He should forfeit his annual income. He’s already a multi-millionaire who has no living expenses. He doesn’t need the money.
What makes Obama special? Many Americans donate larger percentages of their incomes to charity than Obama does. And they need income to support their lifestyles, unlike Obama.

There are more dems than Pelosi. Please.
Yes. Chris Dodd, Barney Frank, Claire McCaskill…

“What are the Republicans doing about it? They promised to make unemployment their top priority last election.”
Posted by: Skip | Jul 6, 2011 5:56:11 PM
The GOP is trying to keep the Dems from increasing business’s tax burden, trying to keep Obama from crushing the job creating private sector with an out-of-control EPA and NLRB, and trying to reduce the government’s spending and restore solvency to entitlements. The Dems keep pretending that doing absolutely nothing to fix Medicare and Social Security is actually a viable option.
What are Obama and Reid doing? NOTHING. They STILL have the majority of power in Washington. Reid can’t pull his head out of his “comfort zone” and pass a budget–which could then be negotiated against the House budget in conference committee.

“That is leading by example.”
By doing nothing. All they have to do is write that check…

The IRS is not a donation program. Your attempt at obfuscation is weak as usual.

Business is not investing or expanding because of the uncertainty
++++++++++++++++++++
Absolute baloney. There is always uncertainty in business. This is the standard Republican line now because they want supply-side concessions from the public as usual when the real problem is demand-side and they have no means or motivation whatsoever to deal with it.

Actually I have benefited from democratic backed laws. So have many Americans. I have no elusions about my party. Some of them are undoubtedly corrupt. Overall, what the democrat party stands for serves me alot better than what the republicans have to offer. If I was rich then I would probably vote republican.

This country has a history of creating and keeping a large social and economic underclass. What most democratic policies do is right those historical wrongs. Like what LBJ did with voting rights and what Obama did with civil rights pertaining to gays

there=their

Others become users because of it.

President Obama shouldn’t use the Debt Ceiling as a gun to extract tax increases! He should no demonize one group against another! He needs to put his cards on the table. If President Obama is honest with the American people there will be a lot of people angry with the President!

I suspect President Obama extended the tax cuts just so it would look like he has an idea– increase taxes.
It’s the same thing he ran on in 2008.
What would his big idea be if he’d allowed the taxes to go up last year?

obama says he’s going to interject himself into the debt talks to bridge the partisan divide…and immediately starts lobbing bombs at republicans…”gun to the head of the american people”…wasn’t it just a few months ago during the giffords tragedy that he was lecturing us all about “returning to civility”? he and the rest of washington are such a horribly bad joke. why don’t all these jerks stop insulting our intelligence and just come out of the gates swinging 24/7/365? oh, yeah, because all their collective partisan outrage and disdain for their counterparts is all part of the idiotic political charade that we have to suffer.

It’s about time Obama said something like that. From a 5/11 Center for Labor Market Studies report:
“Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”

obama says he’s going to interject himself into the debt talks to bridge the partisan divide…and immediately starts lobbing bombs at republicans…
Posted by: grumpopolis | Jul 6, 2011 6:49:11 PM
The President did not ‘lob any bombs’ – that is your expression.
And I agree with the President, the Republicans should not use this debt ceiling as a means of getting their way through extortion – threat of catastrophe (debt default) unless they get everything their way.
Time for the Republicans to grow up. They couldn’t compromise within themselves on reforming Fannie and Freddie and we saw the result of that.
Get it together!

cynthia, AND massive spending cuts, right? because that’s the only answer…cut and raise…no other choice.
Posted by: grumpopolis | Jul 6, 2011 6:54:59 PM
Clear as can be – except to the Republicans apparently.

skip, i didn’t believe it either, until that clown george allen who is running for reelection in VA was called on making the comment by the nonpartisan group politifact. they said that, when all things are taken into consideration (including tax breaks, subsidies, etc.) the u.s. DOES have the highest corporate rates in the developed world. again, i didn’t believe it, but that’s what their research concluded…and no one can accuse politifact of being FOX news.

“worst”

Closing tax loopholes was the best part of the tax cut bill Obama signed
+++++++++++++++++++
Are you claiming Democrats will not close these loopholes if they get the chance?

If the words were money President Obama would single-handedly bail out the National Debt! Someone should tell President Obama that “Brevity is the soul of wit.” (William Shakespeare, “Hamlet”)

Why is it so hard for everyone here to understand that it is going to take both sides giving up something to get this fixed.
The democrats have to cut back on spending and I believe they are willing to do some of this. Their attitude on this seems pretty clear. They understand that money has to be saved where it can be. The problem is where do we cut back. As soon as you say we need to cut back on any service there is a group that screams …”oh not not that!!!”
The republicans say we need to cut back and No new taxes. Well I don’t see this as a reasonable solution to our situation.
We need to do both cutback and remove the loopholes that are allowing giant corporations to make billions.
For those that say that will kill jobs I really think your underestimating the free market system.
If a company is making a 15% profit it will not simply stop trying to grow because the year before it was making a 30% profit. If anything it will try and grow to make more profit.
I seriously doubt that Exxon will stop drilling because the taxes go up. I also doubt that the price of gas will be adjusted to the levels people like to post about to scare people. Supply and demand still works even if Exxon is only making a 100 billion profit next year.
I really wish both parties would get responsible and stop pointing the finger at Obama. I blame both sides of the isle for the mess we are in and if its going to get fixed it is going to need all the resources both loophole closings and Cutbacks in spending.
Too many people here have a my team must win at any cost mentality. Its why the nut jobs on both sides of the isle are running the show.
It’s killing hard working middle class people like myself who are looking for some reasonable voice in a world full of crazies.

Closing tax loopholes was the best part of the tax cut bill Obama signed
++++++++++++++++++++++
Come on chicken. Criticism where there is no option is worthless as usual.

You could tax 100% of the wealthy US income… and not even cover half of the deficit brought on by this administration.
They increased the spending. They need to cut it again.
It’s like you had $25k income, which dropped to $21k in a bad economy. So you increased spending from $28 to $40k a year. Obama’s solution: spend $0.02 less. And don’t bother with a budget. And blame the rich.
What a ridiculous way to run a government.

Posted by: MrPete | Jul 6, 2011 7:31:09 PM
You seem to forget that the Bush administration doubled the national debt and left the country in almost complete economic collapse – banks and major financial institutions defaulting, millions of Americans losing their jobs, businesses going bankrupt, stock market crashing, the international banking system almost destroyed, millions of people losing their homes . . . the list goes on and on.
You seem to miss the fact that every western democracy in the world instituted stimulus type programs, increased deficits and decreased taxes – in an EMERGENCY attempt to save their individual – and the global – systems from complete collapse.
Go

Green Goddess; you shouldn’t start throwing around Ayn Rand’s name unless you actually know who she was. She wasn’t a Libertarian, and social security is supposed to be your money, not the government’s. She would’ve rather not had it at all, but since you Progressive demand it at the point of a gun, we who disagree hardly have any choice. And besides, who’s worse – Ayn, who was just trying to get her money back… or you on the Left who took it, spent it, and left an IOU. What a tool.

Janet, don’t confuse the debt and the deficit. Bush’s deficit was 180billion before the DemocRATS took control in 2007. They spent. Now the deficit is 1.7 – 4.2TRILLION, depending on who you ask. The crash was precipitated by Fannie Mae’s collapse, which Bush tried to regulate 11 times, but was protected by Frank and Dodd. You also fail to note that this idea of stimulus is a keynesian model – there were other options/ideas. And one thing that can be said about keynesianism – it’s failed. Just look at Greece.

“The crash was precipitated by Fannie Mae’s collapse, which Bush tried to regulate 11 times, but was protected by Frank and Dodd.”……. We’re up to he tried to save the world eleven times now? ah hahahahaha I still want some republican to explain how a democrat controlled this when the republicans had the majority. It’s not possible people. YOU HAD THE MAJORITY. You own it.

“I’ve been doing Afghanistan, bin Laden, and the Greek crisis…” — “I’m just going to keep on trying. And eventually, I’m sure the Speaker will see the light.”–
pride (and pomposity) come before the fall.

Posted by: TheLoyalOpposition | Jul 6, 2011 7:57:41 PM
You seem to forget that the Bush administration doubled the national debt and left the country in almost complete economic collapse – banks and major financial institutions defaulting, millions of Americans losing their jobs, businesses going bankrupt, stock market crashing, the international banking system almost destroyed, millions of people losing their homes . . . the list goes on and on.
You seem to miss the fact that every western democracy in the world instituted stimulus type programs, increased deficits and decreased taxes – in an EMERGENCY attempt to save their individual – and the global – systems from complete collapse.

JROBINSON — Besides it’s stupid anyway. Fannie and Freddie did NOT cause the mortgage crisis. Keep on making junk up tho. Bush wanted to reform “accounting” after the idiot cooked the books for a bigger bonus. That was all Bush tried to reform. Meanwhile he totally pushed an ownership society and all of the policy to loan to minorities. Look it up. He bragged about his numbers on the WH website.

JROBINSON – You do grasp you posted a link about “accounting errors” like I said? You can’t grasp this has nothing to do with the loans? Way to prove my point.

MaeMobly; The Republicans were solely responsible for Fannie Mae’s hand in the housing bust? That’s a good one. Wow!

LONGT – I don’t believe I said that, but thanks for putting words in my mouth. Why do so many of you do that? I will say this. It’s a joke to try to pin the whole thing on democrats like so many of you attempt. Fannie/Freddie was pretty bi-partisan.

You guys do know Fannie/Freddie don’t deal in subprimes, correct? You grasp they were the driving force behind this entire thing for the most part? They were the money makers that went into derivatives?

It’s counterproductive to keep arguing the past. The problem is NOW and it’s Obama’s problem.
Argue the merits, if you can find any, of Obama’s handling of the economy and the debt ceiling.
Be clear in the concept that money pours into the federal government through payroll taxes, bonds, treasury bills, etc. on a daily basis. The government’s coffers are filled everyday. The debt ceiling “crisis” is mostly artificial and promoted by Obama and Geitner. The question is, “WHY?”

Bush didn’t have the political will to stop what Barney Frank
+++++++++++++++++
I always love this part of the story:
Utilizing his incredibly intimidating personality Barney Frank roared, and the Republicans scattered.

JANET: “those budgets were strongly effected by Bush’s not paying for the two wars and the seniors drug plan.”
Wow, then all the more reason to spend 4.2 TRILLION more, start two new wars, and take over the entire healthcare industry.
No one was happy with Bush’s spending… that’s why the independents went to Obama in 2008. The even crazier part, is you expect these same people to sit still while you spend 10x what Bush could ever dream of.

No matter how you slice it, Fannie Mae was the epicenter
++++++++++++++++++
Oh yes the GSEs have to be the epicenter in the Righty World because they don’t like them. The blame can’t fall on runaway free markets, it has to be blamed on helping lower income borrowers somehow.

Skip – There is one piece of this I don’t get. Why blame Freddie/Fannie? To take the focus off their part? I mean, it seems to me Freddie and Fannie actually help the banks so I don’t get why the cons want to cut them off really.

taxtherichtaxtherichtaxtherich
extendBushTaxCuts
taxtherichtaxtherichtaxtherich

Posted by: jrobinson | Jul 6, 2011 8:19:42 PM
Again you seem to miss the fact the Bush administration left the American economy in almost complete collapse, tax base disappearing as millions lost their jobs, major banks and financial institutions defaulting, stock market crashing, business going bankrupt by the tens of thousands, etc.
Do you have no idea what that does to a government’s expenses and revenues? No idea?

Posted by: Chuck | Jul 6, 2011 8:26:00 PM
Check out bill H.R. 1461 – that’s the reform bill that passed the House with Democratic support to the Republican majority, but that Bush threatened to veto . . . and the Republicans let die in their majority Senate.
The Republicans proved one thing in their handling of Fannie and Freddie when they held majorities and the presidency – they proved their were politically incompetent.

“And if Latinos sit out the election instead of saying, we’re gonna PUNISH OUR ENEMIES and we’re gonna reward our friends who stand with us on issues that are important to us,”
-Obama, October 2010
“Never in our history has the United States defaulted on its debt. The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, for oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high. I mean, I’m happy to have those debates. I think the American people are on my side on this,” Obama said.
“I think it’s tempting not to negotiate with hostage-takers — unless the hostage gets harmed, in which case, I think people will question that strategy,” Obama said. “In this case, the hostage was the American people, and I was not willing to see them get harmed.
-Obama, December 2007
(explaining his decision to give in to Republicans on extension of Bush tax cuts)
What is with this guy? He uses these phrases so flippantly and I suppose he thinks they are catchy or funny. In a time of war(s) where our military people and other innocent bystanders are ‘being held hostage’, or have guns held to their heads, or are facing TRUE ENEMIES, for him to toss these words out like candy is just wrong. Is this the same guy who constantly talks about ‘everyone getting along’ and being ‘adults’? If someone called me a hostage taker, and then wanted my backing later on, I’d tell him very politely to shove it.

I love the way the Republicans pretend they’re not responsible for failing to reform Fannie and Freddie – even though they held the House and the Senate for 12 years, and the presidency for 8 years during the crucial years just before leading up to the collapse.
They were politically incompetent, and continue to be.

. Snow was obviously correct, and Frank was obviously a weasel
++++++++++++++++++++
Being incorrect does not necessarily make one a weasel, unless Bush, McCain, Romney and all the other Republicans are weasels too since they claimed the economy was strong right up until it collapsed.

“How about the SEC letting them start to leverage 30 to 1 instead of the 12 to 1 limit?”
Posted by: Skip | Jul 6, 2011 8:23:13 PM
Actually, it was as high as 40:1, not 30:1. But that’s nothing. Congress permitted the GSEs to legally leverage their balance sheets up to 100:1. At such leverage, a 1% default rate would wipe out common shareholders.
“In 2008, Fannie’s total assets to capital (leverage ratio) was about 20:1, while Freddie’s was about 70:1.” (Source: Wikipedia)

Let the oil companies justify their subsidies. I think they can. Our country subsidizes its oil companies the LEAST, and the lack of higher subsidies hurts our oil companies’ competitiveness in the world.

SKIP: “Oh yeah? How? Everything you posted is just talk.”
This is getting tiring… we’ve proved this to you several posts back. Do you need to see the video again? Is this how you and Janet debate – you fail to prove your point, wait 30 minutes, and just bring it up again, hoping no one notices?

[[It's a matter of public record that Democrats blocked multiple attempts by Republicans to regulate the GSEs]] That’s true. The objections by Democrats are even on YouTube, where those videos are legendary!

What about the Republican infighting and political ineptness Robo?
October 26, 2005
H.R. 1461 (reform of Fannie and Freddie) passes the Republican House by a vote of 331-90, with 122 Democrats voting in favor.
October 26, 2005
The Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill 1461.
Political infighting and ineptness from the Republicans fails to avert the Fannie and Freddie crisis.

“It’s my hope that everybody is going to leave their ultimatums at the door, that we’ll all leave our political rhetoric at the door.” – President Barack Obama, 5:00 PM yesterday
So he couldn’t quite go 24 hours without partisan political rhetoric?
Yeah, addiction to ultimatums and exaggeration for partisan politics is quite the addiction… I wish him the best in finding help for his problem.
It’s a shame to see someone fail so hard when they’ve decided they want to do something.

“Janet: Look, I know “blame Bush” always worked in the past… but you really should read Reckless Endangerment. The blame is about 75/25, with Democrats responsible for most of it.”……… Says one reporter. Let’s view “The Warning” where it shows it to be more bi-partisan. BTW, ALL presidents have pushed “an ownership society” since Carter. Republicans as well.

Why should the Republicans vote to raise taxes now, when the HEAVILY Democrat House and Senate could not do so last December?? Instead they voted to extend the “evil” Bush tax cuts, and Obama signed it! Thus they confirmed the wisdom of the Bush tax rates.
And don’t say that the economy is better now, so we can afford tax hikes–because it’s not. If anything, it’s worse.

“What are the Republicans doing about it? They promised to make unemployment their top priority last election.”
Posted by: Skip | Jul 6, 2011 5:56:11 PM
Obama said unemployment wouldn’t go above 8%. Ask HIM where the jobs are. Dems still control 2/3′s of the voting process.

Obama said unemployment wouldn’t go above 8%.
Posted by: wheresmymoney | Jul 6, 2019:24:28 PM
The right wing liars still continue to repeat this lie – no class, no ethics.
Obama said nothing of the sort. That figure was pulled from a report published BEFORE the final amount of the stimulus was even known!
The figure was included in the report only with VERY STRONG qualifiers that the figure should NOT be taken as exact nor definitive – which is exactly what the Republican right went ahead and did.
Terrible ethics. Using lies and misinformation to push their garbage agenda.

Obama extended the Bush tax cuts for the upper income level for 2 years as a compromise with the Republicans
======
Obama extended the Bush tax cuts for all income levels. He did not have to compromise with Republicans, as he could have addressed the tax rates during the time the Democrats had control of the House and the Senate. He, along with Pelosi and Reid, waited until the 11th hour to deal with the tax code. I suspect the statement that we’d hear about it during the 2012 elections was a clue as to why Obama did it that way.
He has almost nothing else.
FWIW, If the tax rate on the upper incomes was raised to pre-2002 rates, it would be a mere drop in the bucket, revenue wise.

Terrible ethics. Using lies and misinformation to push their garbage agenda.
Posted by: Jim | Jul 6, 2011 9:33:10 PM
Typcial liberal paid hack. If you have no rebuttal, attack the person you disagree with. If you have a problem with Obama and the 8% unemployment statement, take it up with Jake Tapper.
Political Punch (Jake Tapper) reports on June 16, 2009:
“In January, the incoming administration predicted in a white paper study that without a huge stimulus package, unemployment would reach just over 8%, and would be contained at under 8% with a stimulus package.”
LOL

The total debt was $8.2 trillion when Obama took office, it now stands at 14.2 trillion and counting which means Mr. Barry Obama is responsible for about 6 trillion. A 73% total increase in just 2 SHORT YEARS. UNBELIEVABLE !!! It took 235 years to rack up the first $8.2 trillion and that includes George Bush’s contribution to the deficit while serving 8 years in office. Obama’s motto ” I’M A SOCIALIST, I WANT WEALTH REDISTRIBUTION.” And he did. As a disenchanted liberal like most democratic voters, I’m absolutely SITTING OUT THE 2012 ELECTION !!!

Mr. Barack Obama is not a negotiator nor a dealmaker. He’s definitely no Bill Clinton. What he is, is just a quintessential conman who sweet talk his way with a “teleprompter” into the White House. Now he wants to raise the debt ceiling which in laymans terms translates to more spending which translates to an economic meltdown. America does not have a revenue problem, it has a spending problem. Obama can’t see that because obviously he was sick the day economics was taught at Harvard. Republicans aren’t gonna budge eighter because they want to play a little politics and so are the Democrats. Too bad, that’s just the nature of the beast. This is exactly what happens when we elect a guy who has zero executive experience, lacks human relationship skills and needing a lot of on the job training. Now we’re paying the ultimate price. Unfortunately this a losing battle for the Democrats. Don’t we all wish we nominated Hillary back in 08′, we probably wouldn’t be in this God awful mess.

Posted by: Chuck | Jul 6, 2011 9:51:59 PM
October 26, 2005
H.R. 1461 (reform of Fannie and Freddie) passes the Republican House by a vote of 331-90, with 122 Democrats voting in favor.
October 26, 2005
The Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill 1461.
Political infighting and ineptness from the Republicans fails to avert the Fannie and Freddie crisis.
Did you write this out of your history Chuck, because it was more convenient for the Republicans?
You’re sticking with the party line are you – despite the Republicans holding the Congress, the Senate and the Presidency – it’s all the Democrats fault.
And we believe you . .. sure we do.

Obama said unemployment wouldn’t go above 8%.
Posted by: wheresmymoney | Jul 6, 2019:24:28 PM
The right wing liars still continue to repeat this lie – no class, no ethics.
Obama said nothing of the sort. That figure was pulled from a report published BEFORE the final amount of the stimulus was even known!
The figure was included in the report only with VERY STRONG qualifiers that the figure should NOT be taken as exact nor definitive – which is exactly what the Republican right went ahead and did.
Terrible ethics. Using lies and misinformation to push their garbage agenda.
_______________________________
Every word of this is true. Obama did not say uemployment would not go above 8%.
The report only published the 8% figure with very strong qualifiers – that it was not to be taken as exact or definitive.
Jake Tapper was losing the figure loosely and without stating the qualifiers. Not the best reporting.

Janet — remember there were no super-majorities by the GOP…. congress had to work together (not)… and the GOP majority ended in January 2007!! —- You blame the Bush administration for failing to take action… the Dems ran the Senate Commerce and Finance committee headed by Barney Frank, Maxine Waters Charlie Rangel and Chris Dodd… and Freddie and Fannie were totally run by Dems… EIGHT Republican inquiries were made to the committee AFTER your date in 2005… and every time they were told that there was “NO PROBLEM”!!!!!! —- I can still hear Barney Frank lisp the words “we are not in a crisis”… and they are “financially sound”!!!

Janet —- But what is MORE important is who will lead us OUT of the recession?? Obama is “out of touch” on the economy!! —- he said he was “laser-focus” on jobs? (NOT)! —- His only idea, tried in a number of ways… his only plan is “stimulus money”… and his stimulus money… QE1…and QE2… is exhausted!! — So he will next try to obtain more stimulus… and try to get QE3!! — Keynesian theories are NOT working (they never have)!!!

If you can’t count when a new party takes over… then your figures are screwy too!! — So then why didn’t the Democrat-controlled Senate pass NO budget for 760 Days!!!!! Now THAT is fiscal responsibility!!!!

If you can’t count when a new party takes over… then your figures are screwy too!!
Posted by: TheLoyalOpposition | Jul 6, 2011 11:34:55 PM
Think Loyal . .. seriously. Yes, the Democrats walked through the doors on January 2007, BUT the budget for 2007 was already put together by Bush and the Republican Congress.
2007 is not the Democrats’ budget – it is the Republican’s budget.

Jake —- Face it…. the Derms had AS MUCH if not more to do with the crisis……. It was Democrats Franklin Raines, Jamie Gorelick, and Jim Johnson who managed Fannie-Freddie in a corrupt scheme to make MILLIONS in CEO bonuses —- but the Dems know how to protect their own — Clear back in 2003, the Bush white house calls Freddie-Fannie a “systematic risk” which could spread beyond the housing sector… but Barney Frank says “we are not in a crisis”, and Fannie-Freddie are “financially sound”!!! —— In Feb 2005, Greenspan warns “we are placing the total financial system at substantial risk”, but Chuck Schumer says Fannie-Freddie doing “a very, very good job”.
And don’t say the GOP didn’t try to stop the crap!! — The congressional committee meeting held in 2007… republicans raised issues with the ongoing practices at Freddie and fannie and Maxine Waters told us that it was mearly a “republican attempt to deny minorities the ability to own a home” (it’s a matter of C-span Video record) … then Fannie Mae reaped over 60 million in profits while the rest of the mortgage industry paid the price. ——– An investigated is initiated by the Office of Federal Housing Enterprise Oversight, in their report they find that Democrats Franklin Raines, Jamie Gorelick, and Jim Johnson (VP search committee for OBAMA CAMPAIGN) managed Fannie-Freddie in a corrupt scheme to make MILLIONS in CEO bonuses. — Although the report names them all as GUILTY, they were never prosecuted by a then-Dem majority!!!!!

“And we believe you . .. sure we do.”
Posted by: Janet | Jul 6, 2011 11:00:55 PM
I couldn’t care less what you believe. In fact, except for Progressives, nobody cares what Progressives believe. That’s why they were thrown out of office in record numbers in 2010 and will continue to be thrown out in 2012.

. . . nor should they be used as a gun to enact tax hikes either. What is with this guy and his double standards? The notion that I can use the “default on our debt” as a loaded gun to scare the country into submission is just appalling especially in light of the “civilized politics” Obama claimed he would reintroduce to the White House.
Obama’s a farce.

“…and then the 2000s, when taxes were cut on wealthy individuals, jobs didn’t grow as fast, businesses didn’t grow as fast.” Nice of the President to conveniently ignore the daytrading dot-com bubble that developed on Clinton’s watch and started the 2000s off with a major downturn when it burst.

“…and then the 2000s, when taxes were cut on wealthy individuals, jobs didn’t grow as fast, businesses didn’t grow as fast.” Nice of the President to conveniently ignore the daytrading dot-com bubble that developed on Clinton’s watch and started the 2000s off with a major downturn when it burst.
Posted by: Publius | Jul 7, 2011 1:07:32 AM
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as it is so convenient for all of you righty haters to ignore the fact he was saddled with the worst recession since the great depression? But he should have fixed it in 2 years right?
Could you people be any more partisan? Really, it’s just verging on pathetic at this point.

Why hasn’t Ron Paul’s idea been given more MSM attention? Dr Paul says the Fed now holds nearly $1.7 trillion in U.S. debt. But that is really phony debt. His plan: Get the Fed and the Treasury to rip up that debt. It’s fake debt anyway. And the Fed is legally allowed to return the debt to the Treasury to be destroyed.

Jake —– And YOU completely ignore the fact that Fannie-Freddie was basically run by Democrats….. their own little “reward” to loyal Dems… put them in charge of F-F so they could skim off their illegal money!!! —– WHO is more guilty??? — To the point where the Office of Federal Housing Enterprise Oversight had to investigate CRIMINAL WRONGDOING by DEMOCRATS!!!!! —- The fingerprints are DEMS… Franklin Raines, Jamie Gorelick, and Jim Johnson were FOUND GUILTY… and even then the Dems in congress PROTECTED THEM!!!! —–GEEEEEESH!!!!!

Well, golly, then why did Obama call raising the debt ceiling a sign of leadership failure and vote AGAINST it in 2006?? And why did Hoyer and Ried vote against it???

What possible explanation can there be for a PRESIDENT who continues to make bad decisions, in spite of uproar and warnings of disaster? How can he possibly look at his poor results and continue to claim success? How does he gather the nerve to speak “authoritatively” on a subject for which he’s never had ANY prior training or experience? IT only seems obvious to me that his agenda is not the economic strength and success of the USA, but the only thing that a total failure and collapse would accomplish – a wealth redistribution to reshape the nation into a Marxist state.

Obama: “We can test the two theories. . . I mean, it’s not like we haven’t tried what these other folks are pitching. It didn’t work.”
Yes, let’s test theories. The Obama stimulus failed. It didn’t work.
Obama: “And we should go with what works . . .”
You know what theory always works, which really isn’t a theory at all? Letting the people and their economy generate their own jobs less the government interference, inefficiencies, and waste.
Obama: “You had what happened during the ’90s. Right?”
Right, a tech boom with a Democrat president with an economy that couldn’t lose until it did when Clinton left Bush with a recession in 2000. How’d that theory go again?
Obama: “. . . and then the 2000s . . .”
. . . when Clinton left Bush with a recession in 2000, 9/11 happened with the aid of Clinton’s negligence, we became engaged in 2 wars, Katrina struck the gulf coast, and gas prices sky rocketed.
Obama: “. . . when taxes were cut . . .”
. . . we were able to rise from Clinton’s recession and the other challenges negatively affecting the economy at the time. Like JFK, Regan, and others, cutting taxes and allowing the people to spend their money worked as it always does. When you know that government doesn’t create anything and the true economic engine is the private sector, you know that any money taken from the private sector only serves to slow its growth.
Obama: “. . . jobs didn’t grow as fast, businesses didn’t grow as fast.”
As fast as what? As fast as if we didn’t inherit a recession from Clinton? No doubt. Just another time when government took too much of the people’s money at the expense of their economy and at a time when they needed it most. And, liberals continue to scratch their heads over why our current economy has not recovered. Liberals never learn . . .

“Gun against the heads”, huh?
I’m so glad Democrats never resort to violent rhtoric. What a load of crap.