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Obama Now Blames His Trillion Dollar Deficits on Bush Tax Cuts
Gateway Pundit ^ | July 28,2012 | Jim Hoft

Posted on 07/28/2012 8:05:28 AM PDT by Hojczyk

Today Barack Obama blamed his four years of trillion dollar deficits on the Bush tax cuts. From the president’s Weekly Address:

You see, Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top. They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes.

They’re wrong. And I know they’re wrong because we already tried it that way for most of the last decade. It didn’t work. We’re still paying for trillions of dollars in tax cuts that benefitted the wealthiest Americans more than anyone else; tax cuts that didn’t lead to the middle class jobs or higher wages we were promised and that helped take us from record surpluses to record deficits.

And, of course, he’ll get away with these completely inaccurate statements.


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: bhoeconomy; blamegame; bush; bushtaxcuts; hohum; obama; obamanomics; taxes

1 posted on 07/28/2012 8:05:34 AM PDT by Hojczyk
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To: Hojczyk

Wait. Aren’t these the same tax cuts Obama says he wants extended for another year (at least for the Middle Class)?

How can the man contradict himself so glaringly and not get called on it?


2 posted on 07/28/2012 8:10:24 AM PDT by vladimir998
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To: Hojczyk
our country spends trillions more on tax cuts for the wealthy

So THAT'S where all of governments hard earned money was spent.

If WE don't give it to government in the first place then government wouldn't have such money issues to worry about.

3 posted on 07/28/2012 8:13:18 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Hojczyk

The last Republican budget produced a deficit of $168B for the WHOLE year. The total Government Revenue collected that year (Fed, State, and local) was 38% of GDP. There’s a reason there has been a decline in revenue for the government....We saw you coming, Barack & Co.


4 posted on 07/28/2012 8:16:00 AM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: vladimir998
Obie is flailing for a message that resonates.

The problem for the Obster now is that lots of people don't have jobs now who did when "things were trickling down from the top".

5 posted on 07/28/2012 8:17:57 AM PDT by gov_bean_ counter (Too many thinking Freepers have left the building...)
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To: Hojczyk

6 posted on 07/28/2012 8:18:59 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Hojczyk
They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs

No. What we believe is that theres NO SUCH THING as spending money on tax cuts. A tax cut isnt an expenditure. A tax cut is letting people keep more of what they earn.

7 posted on 07/28/2012 8:22:36 AM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Hojczyk

Shall we wait forever for this president to take responsibility for aught that be ill . . . ?


8 posted on 07/28/2012 8:24:33 AM PDT by Olog-hai
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To: Hojczyk

Trillions in tax cuts? Obama needs a therapist to help him cure him of pathological lying.


9 posted on 07/28/2012 8:24:42 AM PDT by CityCenter
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To: Hojczyk
Yet, taxing the ‘millionaires and billionaires’, those who make $200,000+ a year, will bring in only $89 billion/year. How many years would it take to tax away ‘trillions and trillions’? There are 30% fewer millionaires in this country than when the Bamster took office. He is already destroying this country's wealth at an alarming rate. SOMEBODY NEEDS TO GET THE TRUTH OUT THERE! Romney, are you listening?
10 posted on 07/28/2012 8:28:10 AM PDT by originalbuckeye
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To: Hojczyk

What an ignorant ideologue this jerk is. Money is not something that just ‘exists’, to be distributed ‘fairly’ by the government. It is a representation of all the goods and services created / produced by people doing work. The government creates no goods, and provides few real services, and cannot support itself except for what it confiscates from those who do work. The idea that a ‘tax cut’ is somehow a gift, from the government, is absurd. A tax cut is an agreement by the government to steal less from its citizens.


11 posted on 07/28/2012 8:30:24 AM PDT by pieceofthepuzzle
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To: CityCenter

When will the Obama National Nightmare be over? Will it be over when Obama loses the election? Or will portions of the Obama National Nightmare be hanging around for years?


12 posted on 07/28/2012 8:31:17 AM PDT by abclily
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To: vladimir998

0bama is not about the revenue raised, only on the rate applied.


13 posted on 07/28/2012 8:33:43 AM PDT by Paladin2
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To: Hojczyk

This is only true if you believe the gummit owns everything.

Pray for America


14 posted on 07/28/2012 8:42:23 AM PDT by bray (If you vote for a Communist, what's that make you?)
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To: Hojczyk
As stated earlier this week;

If you want to end the Bush era, you must vote obama out.

15 posted on 07/28/2012 8:45:14 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: Hojczyk

This pretty much sums it all up!!!

http://www.youtube.com/watch?v=QXEoQJ7ZMZs


16 posted on 07/28/2012 8:52:36 AM PDT by PLD
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To: Hojczyk

I truly hate this SOB.


17 posted on 07/28/2012 9:01:16 AM PDT by 2111USMC (Aim Small, Miss Small)
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To: vladimir998
How can the man contradict himself so glaringly and not get called on it?

How? The simple answer is: He's black. Anything he says is subject to revision at any time, his off-the-cuff definative statements are either open to interpretation or taken out of context. Questioning his remarks, reviewing his contradictions and so on are signs of racism and racism is bad.

Therefore, calling him on anything is racism which = bad.

18 posted on 07/28/2012 9:19:52 AM PDT by par4
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To: Hojczyk
He has used this kind of language before and not been called on it.

How can the country "spend" money on tax cuts, unless you assume all the money belongs to the government to begin with?

19 posted on 07/28/2012 9:45:04 AM PDT by Verginius Rufus
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To: Hojczyk

As always, the liberals identify the problem as not having enough of other people’s money.


20 posted on 07/28/2012 9:53:30 AM PDT by Blood of Tyrants (Never believe anything in politics until it has been officially denied.)
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To: Hojczyk

He(Obama)has extended the Bush Tax Code twice.What is he talking about??????????????????????????????


21 posted on 07/28/2012 10:07:55 AM PDT by bandleader
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To: Blood of Tyrants

Lady Thatcher said”Socialism Works Fine Until You Run Out Of Other People’s Money To Spend”!!!!!!!!!!!!!!!!!!!!!!!


22 posted on 07/28/2012 10:09:26 AM PDT by bandleader
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To: Hojczyk

Obama as the Whining-est President ever, in over his head so deeply he blames everyone else for his failures. He wanted the job, still does...but can’t take the heat of being the leader so blames his predecessor(s)on his failures and weakness.....who would knowingly vote for this Socialist/Marxist wimp? His Community Organizing does not a Statesman make...truly a failure and classless leader.


23 posted on 07/28/2012 10:21:22 AM PDT by yoe
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To: pieceofthepuzzle

**** “ What an ignorant ideologue this jerk is. Money is not something that just ‘exists’, to be distributed ‘fairly’ by the government. It is a representation of all the goods and services created / produced by people doing work. The government creates no goods, and provides few real services, and cannot support itself except for what it confiscates from those who do work. The idea that a ‘tax cut’ is somehow a gift, from the government, is absurd. A tax cut is an agreement by the government to steal less from its citizens.” *****

Dittos

Bump

TT


24 posted on 07/28/2012 10:25:12 AM PDT by TexasTransplant (Radical islam is islam. Moderate islam is the Trojan Horse.)
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To: Hojczyk


25 posted on 07/28/2012 10:34:59 AM PDT by Iron Munro ("Jiggle the Handle for Barry!")
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To: Hojczyk
Since the Bush TAX RATE Cuts for ALL Taxpayers INCREASED Federal Tax Revenue by 35% from 2003 to 2007, what the heck is this idiot talking about? (Approximately $1.75 Trillion in 2003 to $2.5 Trillion in 2007)

The Evil Rich paid even more of the Tax Burden than they did before the Busk TAX RATE Cuts for ALL Taxpayers were implemented.

So far I have only heard Fred Thompson mention this. Are the Republicans so afraid of the Bush record that they let our Marxist Messiah get way with these lies day after day?

As another Poster noted, even if Pharaoh Obama gets the top rates moved up, we are looking at less than $100 Billion in Revenue. What is that, less than 8% of the Yearly Deficit?

Seems like a good time to revise an old Tagline.

26 posted on 07/28/2012 10:39:37 AM PDT by Kickass Conservative (Republicans Hope people are Smart, but Democrats Know people are Stupid.)
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To: Hojczyk

They’re wrong. And I know they’re wrong because we already tried it that way for most of the last decade. It didn’t work.

Bet Bill Clinton gets even for that stupid line.


27 posted on 07/28/2012 10:40:09 AM PDT by Vaduz
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To: Hojczyk
Today Barack Obama blamed his four years of trillion dollar deficits on the Bush tax cuts.

Talk about a lying two face stupid black fool, King Obama takes the cake.

28 posted on 07/28/2012 10:44:35 AM PDT by Logical me
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To: Kickass Conservative
As another Poster noted, even if Pharaoh Obama gets the top rates moved up, we are looking at less than $100 Billion in Revenue. What is that, less than 8% of the Yearly Deficit?

Aside from Marxist Obama's lack of any understanding of economics other than using other people's money, he probably learned under (Cloward/Piven) how to wreck America economically....Obama does not like America.

Why would anyone knowingly vote for this person?

29 posted on 07/28/2012 10:51:22 AM PDT by yoe
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To: Hojczyk

NEWS FLASH! The entire Iraq war over Bush’s 8 years cost less than the Obama “stimulus” in his first two years.


30 posted on 07/28/2012 10:59:40 AM PDT by MrChips (MrChips)
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To: Hojczyk

It’s amazing how the government can spend money on tax cuts. I can understand how an individual can “spend” money for a tax increase, but the government can’t “spend” a tax cut.


31 posted on 07/28/2012 12:26:43 PM PDT by khenrich (These days, people pine for Jimmy Carter........)
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To: Hojczyk

Bush’s Fault, Zero? Grow Up you dumb CRYBABY!!


32 posted on 07/28/2012 12:28:26 PM PDT by ExCTCitizen (Yes, Obama, I had help with my business. MY CUSTOMERS!!)
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To: Hojczyk

It’s amazing how the government can spend money on tax cuts. I can understand how an individual can “spend” money for a tax increase, but the government can’t “spend” a tax cut.


33 posted on 07/28/2012 12:36:21 PM PDT by khenrich (These days, people pine for Jimmy Carter........)
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To: Hojczyk
He had two years to deal with this before they were planned to sunset in 2010. He didn't. He can't blame W, it's on HIM.

The slower it's evident this "recovery" is in historical terms, the harder it becomes for Obama to say it's Bush's fault with any conviction.

There can be little doubt, his policies were and are the wrong policies to rebound this economy.

34 posted on 07/28/2012 1:38:15 PM PDT by newzjunkey (Pontius Pilate 'voters' are arrogant, delusional, lilly-livered collaborators.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Note: this topic is from 7/28/2012.
Thanks Hojczyk. Subsequent "Obamanomics" topics, from the FRchives:
35 posted on 09/03/2012 12:43:18 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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more sidebars, all of these are from the "Obamanomics" keyword and the FRchives:
36 posted on 09/03/2012 12:44:23 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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