“Over the next four months you have a choice to make. Not just between two political parties or even two people. It’s a choice between two very different plans for our country.
Governor Romney’s plan would cut taxes for the folks at the very top, roll back regulations on big banks, and he says that if we do our economy will grow and everyone will benefit.
But you know what? We tried that top-down approach. It’s what caused the mess in the first place.
I believe the only way to create an economy built to last is to strengthen the middle class. Asking the wealthy to pay a little more so we can pay down our debt in a balanced way. So that we can afford to invest in education, manufacturing, and homegrown American energy for good middle class jobs. Sometimes politics can seem very small. But the choice you face, it couldn’t be bigger.”
There are a lot of things I could say about Obama’s lies in this video. But I’ll start with just a few of his lies.
1) “Governor Romney’s plan would cut taxes for the folks at the very top”.
Governor Romney’s plan would keep the same tax rates that everyone has enjoyed for almost a decade. Tax rates that, while lower than they had been previously, resulted in higher tax receipts (up 44% in FY 2007 compared to FY 2003) and resulted in over 8 million more people employed.
Now, while Romney wants to keep tax rates the same for everyone (not “cut taxes for the folks at the very top” as Obama falsely claimed), Obama wants “Obama Tax Hikes” on those he considers “wealthy”, which includes many small business owners…
Obama wants to increase the tax burden on the very engines of economic growth and job creation.
What would the Obama Tax Hikes do?
It should be easy to see that the Obama Tax Hikes would do the opposite of what the Bush Tax Cuts did, and the Obama Tax Hikes would result in LOST JOBS and LOWER tax revenues.
Why would anyone who want to do that?
Is Obama’s plan to help America succeed, or to bring the American “Empire to its knees”? Does Obama believe that America is exceptional, or that America is “imperialistic”?
2) “roll back regulations on big banks” … Dodd-Frank has been a nightmare, and should be repealed.
3) “But you know what? We tried that top-down approach. It’s what caused the mess in the first place.”
What cause the mess in the first place was Democrat policies, not Republican policies.
Republican policies more often than not made the economy better, while Democrat policies more often than not made the economy worse.
Compare the effects of the Bush Tax Cuts vs. Obama Stimulus.
It was the policies of the Democrats that tanked the economy in 2008 and 2009.
Who passed the Community Reinvestment Act? Carter and the Democrats.
Who expanded the Community Reinvestment Act? Clinton and the Democrats.
The Republicans tried for years to rein in Fannie & Freddie, while the Demonrats obstructed, said that there were not any “safety and soundness” issues, and accused the Republicans of racism. (shocker!)
Watch Maxine Waters and other Democrats accuse Republicans of racism as the Republicans tried to increase regulation of Fannie Mae & Freddie Mac, and Democrats covered up the corruption.
It was the Democrats who drove the economy into the ditch, including Senator Obama who was a Senator in the minority in 2005-6 and a Senator in the majority 2007-8. Obama was one of the
Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008 (exceeded only by Chris Dodd and John Kerry, and if you consider that Obama was only campaigning for Federal office 2004-2008, Obama’s per year receipts of Fannie Mae and Freddie Mac Campaign Contributions easily tops the list).
It wasn’t the Bush Tax Cuts that tanked the economy. It was the Democrats’ reckless, irresponsible, and likely criminal handling of Fannie/Freddie the created the sub-prime mortgage crisis that tanked the economy. And his crony capitalist Stimulus made things WORSE, not better.
I’m just fed up with the lies of Obama and his sycophantic media.
Caught in Another Lie…