Thursday, September 9, 2010

Obama, not the GOP can fix the economy–not the Dems, him.

Look at the sub-head in this article from the Pittsburgh Libtard newspaper.  
He, not the GOP can fix the economy–not the Dems, him. Yes, His Wholly Reluctance God/King Obama has just been waiting for the perfect strategic moment to rescue the economy–that has tanked under his watch to the tune of nearly 6 million lost jobs–and heroically lead his party to victory.
You know what? I like this plan! I’m excited about this plan! Let’s do this!
Obama rallies Ohioans
President declares that he, not GOP, has the correct plan to spur economy
Thursday, September 09, 2010

President Barack Obama Wednesday presented this fall's election as a stark choice for voters, arguing that he, not Republicans, has the right plan to jump-start the American economy.
Speaking in Ohio, a state deemed critical to his re-election chances in 2012, the president repeatedly said returning to the Republican policies that preceded his election "won't get us there."

"They're making the same calculation they made just before my inauguration -- if I fail, they win," Mr. Obama told an invitation-only crowd of about 800 at Cuyahoga Community College's West Campus near Cleveland.
"Well, they might think this will get them to where they need to go in November. But it won't get our country to go where it needs to go in the long run," he said. "So that's the choice, Ohio. Do we return to the same failed policies that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out? Do we settle for a slow decline, or do we reach for an America with a growing economy and a thriving middle-class?"

Continuing his rollout of what could essentially be considered a second round of stimulus efforts, the president proposed $300 million in long-term expanded tax credits designed to persuade a skittish corporate America that now is the time to invest in plant expansions, new machinery and research and development.
"This will help small businesses upgrade their plants and equipment, and will encourage large corporations to get off the sidelines and start putting their profits to work in places like Cleveland and Toledo and Dayton," Mr. Obama said.

The question is whether any of these proposals -- including $50 billion more for road, rail and other infrastructure construction proposed earlier this week in Milwaukee -- will have any effect on the outcome of midterm elections Nov. 2.

At least some of the proposals face an uphill battle in a stimulus- and deficit-weary Congress, already facing voter backlash. Polls show Republicans are likely to make gains in Congress and potentially take back control of government in battleground Ohio.

Mr. Obama, using rhetoric that sounded more like a campaign rally than a policy speech, specifically targeted House Minority Leader John Boehner.

"When these same Republicans, including Mr. Boehner, were in charge, the number of earmarks and pet projects went up, not down," Mr. Obama said. "These same Republicans turned a record surplus into a record deficit. When I walked in, wrapped in a nice bow was a $1.3 trillion deficit sitting right there on my doorstep -- a welcoming present."

Mr. Boehner, R-Ohio, offered his own proposals Wednesday, saying in a nationally broadcast interview that Congress should freeze all tax rates for two years and cut federal spending to the levels of 2008, before the deep recession took hold.

"People are asking, 'Where are the jobs?' " Mr. Boehner said, calling the White House "out of touch" with the American public.

Urging patience, the president admitted that the recovery has been slower than he had hoped, and that some of his policies have not been popular. "Our job is not easy," he said. "But you didn't elect me to do what's easy. ..."

Mr. Obama urged renewal of Bush-era tax cuts for those earning less than $250,000 a year, while criticizing Republicans' plans to extend the tax cuts for those making more than that as well. The tax cuts are to expire at the end of this year.

The tax incentive package unveiled Wednesday includes $200 million to accelerate business write-offs of the costs of plant and machinery investments through 2011. Mr. Obama is also seeking an expansion of an existing tax credit for research and development that would be worth $100 billion over 10 years.

The proposals received a mixed reception among Republicans. "President Obama seems to finally be realizing that his actions over the last 18 months aren't working," said Ohio's Republican Senate candidate Rob Portman.

"While the announcement today may be politically motivated, at least he is starting to talk about the right issues -- proposals to spur private-sector investment and job growth," Mr. Portman said. "... Unfortunately, President Obama is also talking about tax increases as part of the package that will negate the economic benefits."

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