America, to abuse a cliché, stands at a crossroads,where the decision we make in November will profoundly effect on our future. Some of those effects involve whether or not seniors, students, minorities, LGBT folks, and especially women will be relegated to second class citizenship. But today, I want to focus on the economy. Which future economy is right for you?
Framing his re-election bid as a stark choice between government action to lift the middle class and a return to Republican economic policies that he said had caused a deep recession, President Obama on Thursday called the presidential decision facing Americans a clear-cut one that will determine the long-term trajectory of the economy.
“This November is your chance to render a verdict on the debate over how to grow the economy, how to create good jobs, how to pay down our deficit,” Mr. Obama told enthusiastic supporters at Cuyahoga Community College here. “Your vote will finally determine the path that we take as a nation — not just tomorrow, but for years to come.” …
…Point by point, the president listed the Bush-era economic and policy choices — embraced by Mr. Romney and Congressional Republicans — that he said had led to the recession of 2008 and 2009: tax cuts for the wealthy, deregulation, spending on the wars in Iraq and Afghanistan that was added to the deficit. “I don’t believe that the government is the answer to all of our problems,” Mr. Obama said. But, he said, “what is holding us back is not a lack of big ideas, not a matter of finding the right technical solution.”
“What is holding us back is a stalemate in Washington between two fundamentally different views between what direction America should take,” Mr. Obama said… [emphasis added]
Inserted from <NY Times>
If you missed the speech, here is all 53 minutes of it:
I agree
Republicans may say that Obama is offering no new plan to turn the economy around. He does not need to. He still has his old plan, and those ideas would be improving the economy right now, but they are still on the drawing board, blocked by Republicans.
Michael Eric Dyson and Sam Stein discussed the speech.
Visit msnbc.com for breaking news, world news, and news about the economy
Obama cannot run against GW Bush, aka Crawford Caligula. Willard Romney is not GW Bush, aka Texas Torquemada, even though all of his economic policies are the same Bush policies that have proven so very disastrous for all but the 1%. However, if Willard is elected, GW Bush, aka Potomac Pinocchio, will likely lose his well-earned status as the worst president in US History.
8 Responses to “Which Future Economy?”
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The bottom line in all of this is that we must re-elect Pres. Obama to a second term. The USA will go down the tubes otherwise.
Amen to that, Patty!
I can't help but to come back to the statement by Rmoney which he has repeated several times — 'Sauce for the goose is sauce for the gander!' I learned that phrase as 'What's good for the goose is good for the gander', but then I wasn't born with a silver spoon up my ass. We ate plain ordinary food, no sauces except melted cheese on broccoli, and beef gravy on sunday's roast.
Strange that under the 3 most recent Republican presidents, each had a recession during their terms, and each of them increased government spending and public sector hiring to pull the country out of its respective recessions. That was their 'sauce for the goose'! Mr Obama wants to do just that, use the 'same sauce for his gander' but the Republican/Teabaggers have changed their tune and are blocking everything he does, including getting the economy back on the rails. All of a sudden, 'Sauce for the goose is NOT sauce for the gander!' unless of course the Republican/Teabaggers own both goose and gander. If ever there was evidence of their economic perfidy, this is it!
“What is holding us back is a stalemate in Washington between two fundamentally different views between what direction America should take,” Mr. Obama said.
Well he is right. But in my view, that ideological stalemate is fueled primarily by racism — the deep seeded racism and bigotry that is so much a part of the Republican/Teabagger psyche.
In Mr Obama's speech he said that Rmoney and his allies in Congress truly believe (and they talk about it often enough) that the answer to the economic crisis is to deregulate various sectors, strip down government to bare essentials, and let the trickle down work. However, even though there is no time to waste, Rmoney is on record as saying that he would not iniate that right away as it would result in a drop in GDP of 5% or more which would plunge the country into another deep recession.
Rmoney must go straight to jail and not pass 'Go'.
Vote Democrat 2012!!!!! Vote Obama/Biden 2012!!!!!
That is the 1% version of the phrase, for sure.
Excellent Point!
Not completely. Greed as much or more.
Bingo!
There's a great picture of Rmoney looking into a mirror – and the reflection back is that of Dubya. In lieu of the graphic, I'll go with what Pres. Clinton who, while endorsing Pres. Obama's re-election, said that Rmoney's economic ideas are the same as Dubya's … on steroids!
http://articles.boston.com/2012-04-30/politics/31480206_1_president-obama-romney-spokeswoman-andrea-saul-economic-recovery
With any luck, this Link might take you to the photo of Rmoney-Bush: http://inlinethumb34.webshots.com/10785/2281209340082084340S500x500Q85.jpg
The link worked fine and I edited your message to embed the pic. Neat pic!
I fully agree.
I edited your message to do do the block quote you tried. Type a block quote as a separate paragraph, highlight it, and use the " button.