John Bolton

John Bolton

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Friday, June 15, 2012

Obama's Big Economic Speech: 54 minutes of word for word repetition and NO new ideas

Even Democrats in the media have had enough.

Contrast with 30 House GOP jobs bills waiting for action in the Senate!

So, Thursday was Obama's latest effort at a big speech on the economy. He was trying to get back on top of the news cycle after weeks of reacting to bad news. Considering that political need, why would he spend 54 minutes delivering a speech with so much rhetoric recycled from previous speeches?

Take a look:

By now it's no longer a joke that his teleprompter is broken.

Dana Milbank at Washington Post summed up Obama's speech this way: "instead of going to Ohio on Thursday with a compelling plan for the future, the president gave Americans a falsehood wrapped in a fallacy." Milbank expanded on this theme trashing Obama for his failure to come up with a real viable economic plan and concludes by saying:
Undoubtedly, Obama would take heat from his base if he put forth a serious plan along the lines of Bowles-Simpson, whose recommendations he never quite embraced. Doing so would also blunt his political advantage as the defender of Medicare from Republican marauders.

But taking a stand on concrete fixes for the nation’s fiscal problems would get Obama credit for strong leadership — and he would be able to tell the new economic narrative Americans crave. There’s even the remote chance that taking such a gamble would bring Republicans to the table.

Early in 2010, Obama told ABC’s Diane Sawyer that he’d “rather be a really good one-term president than a mediocre two-term president.” Now he is acting in the opposite manner: hoping to limp to a second term without addressing the looming debt crisis — which, as JPMorgan Chase’s Jamie Dimon told Congress this week, has contributed to today’s economic malaise.

House Jobs Plans Wait for Dems to Act in Senate

Obama has repeatedly said he would listen to ideas from both sides of the aisle. He's also given Congress a "to do list" for action on jobs. Well, perhaps he could set a better example by asking the Senate to consider bills passed with bipartisan support in the House of Representatives.

The GOP has new ideas for job creating that are stalled in the Senate while Obama offers stale recycled rhetoric and political attacks! Where is YOUR plan Obama?

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