Pres. Obama’s AP Speech
Normally we do a line-by-line takedown of President Obama’s speeches, but Townhall’s Guy Benson did this one for us! Thanks for taking one for the team, Guy!
“‘They keep telling us that if we convert more of our investment in education, research and health care into tax cuts, especially for the wealthy, our economy will grow stronger. They keep telling us if we strip away more regulations and let businesses pollute more and treat workers and consumers with impunity, somehow we will all be better off. We are told that when the wealthy become even wealthier and corporations are allowed to maximize profits by whatever means necessary, it’s good for America and their success will translate into more jobs and prosperity for everyone else. That is the theory. The problem for advocates of this theory is that we have tried their approach on a massive scale. The results of their experiments are there for all to see. At the beginning of the last decade, the wealthiest americans received a huge tax cut in 2001 and another huge tax cut in 2003. We were promised that these tax cuts would lead to faster job growth. They did not. The wealthy got wealthier, we would expect that. the income of the top 1% has grown by more than 275% over the last few decades to an average of $1.3 million a year. But prosperity sure did not trickle down. Instead, during the last decade, we had the slowest job growth in half a century.’
“Here, our ‘post-partisan,’ self-stylized messiah accuses Republicans of supporting pollution and worker abuse. How insulting. I’ll address this point when he revisits it with a vengeance later on. His unserious caricature of free market capitalism is hardly worth responding to. It’s the equivalent of a petulant Republican president standing up and saying the Democrat vision for the country is to transform it into a North Korea-style police state. This brand of rhetoric is below the presidency, but has never been below this president. The 2001 and 2003 tax cuts helped pull America out of the recession that President Bush inherited. It led to more than 50 consecutive months of job growth and declining deficits (prior to the 2008 crisis) — even as we spent heavily on two wars. President Obama is asking Americans to turn their backs on the “bad old days” of 5.3 percent unemployment (Bush’s average) and annual deficits that look like foothills compared to today’s Obama-institutionalized Himalayas of red ink. And does this president really want to gripe about previous ‘slow job growth’?”
You can read the full article here.