Saturday, February 02, 2013

Obama Blames "Bad Decisions in Washington" for Bad Economic News

Yet refuses to accept any of the responsibility for those "bad decisions" as he doubles down on the spending requests "investments" that have done nothing to spur growth!

After four years of weak economic growth and high unemployment you would think Obama would learn. But apparently the blame game and politics is all he knows how to do.

Here's an excerpt from his Weekly Address. I've highlighted certain phrases for discussion:
[T]his week, we also received the first estimate of America’s economic growth over the last few months. And it reminded us that bad decisions in Washington can get in the way of our economic progress.

We all agree that it’s critical to cut unnecessary spending. But we can’t just cut our way to prosperity. It hasn’t worked in the past, and it won’t work today. It could slow down our recovery. It could weaken our economy. And it could cost us jobs – now, and in the future.

What we need instead is a balanced approach; an approach that says let’s cut what we can’t afford but let’s make the investments we can’t afford to live without. Investments in education and infrastructure, research and development – the things that will help America compete for the best jobs and new industries.

Already, Republicans and Democrats have worked together to reduce our deficits by $2.5 trillion. That’s a good start. But to get the rest of the way, we need a balanced set of reforms.

For example, we need to lower the cost of health care in programs like Medicare that are the biggest drivers of our deficit, without just passing the burden off to seniors. And these reforms must go hand-in-hand with eliminating excess spending in our tax code, so that the wealthiest individuals and biggest corporations can’t take advantage of loopholes and deductions that aren’t available to most Americans.

2013 can be a year of solid growth, more jobs, and higher wages. But that will only happen if we put a stop to self-inflicted wounds in Washington. Everyone in Washington needs to focus not on politics but on what’s right for the country; on what’s right for you and your families. That’s how we’ll get our economy growing faster. That’s how we’ll strengthen our middle class. And that’s how we’ll build a country that rewards the effort and determination of every single American.

"Bad decisions in Washington can get in the way of our economic progress. "

You mean like ObamaCare? Or perhaps your quest to shut down development of energy resources other than the massive spending on green energy (with so many of those firms going bankrupt). And what about the massive regulatory burden your Administration is placing on business?

No... Obama doesn't mean any of that. It's just another political dig at Republicans.\

"Balanced approach; an approach that says let’s cut what we can’t afford but let’s make the investments "

Oh, there's that "balanced approach again." Like the balanced approach in the so-called "fiscal cliff" deal that saw a HUGE tax increase and next to nothing in cuts? And there's the word "investment" again  too. A code word for more wasteful spending on liberal programs that do nothing to generate economic growth or create jobs.

"We need to lower the cost of health care in programs like Medicare that are the biggest drivers of our deficit,"

Sounds great. But when has he EVER put forward a realistic plan to do that? Instead, Republicans like Paul Ryan have put forward plans and Obama has used them as a political football.

"Reforms must go hand-in-hand with eliminating excess spending in our tax code, so that the wealthiest individuals and biggest corporations can’t take advantage of loopholes and deductions that aren’t available to most Americans. "

Oh, that's rich (pun intended)! It was Obama who insisted that his Hollywood and Big Business buddies like billionaire Warren Buffet got special tax breaks totaling $76 billion in the same fiscal cliff deal that saw payroll taxes go up on middle and lower income workers.

"Everyone in Washington needs to focus not on politics but on what’s right for the country; on what’s right for you and your families. That’s how we’ll get our economy growing faster. That’s how we’ll strengthen our middle class."

When has Obama done anything BUT focus on the politics? And when it comes to the Middle Class, he'll stand with them for a photo op at the same time he's raising their taxes!

Four More Years of THIS?

Obama's very partisan Inaugural Address was the first sign that he intends to continue with the same misguided policies and leadership style that made the last four years such a colossal mess. His Weekly Address merely confirms the trend. No doubt he'll continue playing his brand of hardball Chicago politics since it's obvious that's all he knows. Meanwhile, the country, and especially the Middle Class Obama claims to care so much about, will suffer. It's no wonder he's ranked by Gallup as one of the most polarizing Presidents ever!

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