Obama Now Blames His Trillion Dollar Deficits on Bush Tax Cuts

Gateway Pundit ^ | July 28,2012 | Jim Hoft

[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.

[bandleader]

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

[bandleader]

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

[yoe]

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.

[TexasTransplant]

**** “ 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

[Iron Munro]

[Kickass Conservative]

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.

[Vaduz]

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.

[Logical me]

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.

[yoe]

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?

[MrChips]

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

[FLCowboy,]

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.

[ExCTCitizen]

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

[FLCowboy,]

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.

[newzjunkey]

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.

[SunkenCiv]

Note: this topic is from 7/28/2012.

Thanks Hojczyk. Subsequent "Obamanomics" topics, from the FRchives:

• Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'
• Debt to reach $16 trillion in time to crash Democrats' convention
• Debt set to pass $16 trillion as Dem convention opens (Hussein built that)
• Majority of New Jobs Pay Low Wages, Study Finds
• Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good
• FACT CHECK: Obama promised and failed to keep Janesville GM plant open
• Will debt hit $16 trillion as Romney delivers his acceptance speech?
• Health Insurance Costs Skyrocket For College Students Due To Obamacare
• U.S. Debt On Track to Hit $16 Trillion Within Week
• Mitt Romney: Obama Has Given Up And Just Wants To Play A Blame Game
• FINALLY! Obamanomics Explained (Abbott & Costello)
• Most laid-off US workers take pay cuts in new jobs
• What will strike first? The GOP hurricane or $16 Trillion of Debt?
• U.S. Weekly Jobless Claims Unexpectedly Rise To 372,000
• Obama's Epic Deficit Failure
• Analysts project $1.1 trillion federal deficit
• U.S. 2012 budget deficit $1.1 trillion: CBO
• CBO sees deeper "fiscal cliff" recession next year
• Tax Fraud is Linked to Public Benefits
• Risk of US double-dip recession rises: S&P
• As ATP Oil Files For Bankruptcy, CEO Blames Obama For Company's Collapse
• Gallup:August Unemployment Not Looking Good
• Outsourcing Hypocrisy
• Julia's mother: ...single mom better off with $29,000 job and welfare than ...a $69,000 job
• Who really unchained Wall Street?
• WHY IS THERE NO LIBERAL AYN RAND: ALWAYS THE LAST TO KNOW
• Weekly Jobless Claims Tick Up 2K
• US Initial Jobless Claims Edge Up To 366,000, Higher Than Expected
• Economist Says the American Retirement System Has Failed(mandatory retirement savings)
• Obama: "Five Trillion Dollars Is A Lot Of Money, Even In Washington"
• Gunman on Texas A&M campus apprehended, 'multiple people' shot: report
• Obama: GOP economic plan 'trickle down fairy dust'
• USDA spends $2M, gets one intern, program fails
• Welfare State Grows by Nearly 19% Under Obama - to Almost $1 Trillion a Year
• A123 Goes Chinese --- Will Washington Learn It Can't Mandate A Market?
• Obama signs law requiring report on spending cuts
• Report says Obama amnesty plan will add 1.76 million new workers
• Bernanke: despite recovery, many struggling
• Unemployment rises, hundreds of thousands quit looking (UE rate drop since 2009 due to giving up)
• Debt, Depression, DeMarco (Krugman hurl alert)
• Wait, the U.S. economy actually lost 1.2 million jobs in July?
• Obama Economic Plan Would Explode Debt to $25.4 Trillion
• Has Any Administration Policy NOT Killed Jobs Lately?
• Unemployment rises, WH calls it 'evidence' of recovery
• Economy Creates 163,000 New Jobs but Rate Rises to 8.3%
• Jobless Claims Rose By 8,000 Last Week (to 365,000 from 357,000)
• Weekly jobless claims rise less than expected
• U.S. recovery weakest of any in the world since 1970
• Low-paying jobs are here to stay (Obama's Fault)
• ADP jobs report shows slowing in July; Manufacturing "unexpectedly contracts" in July
• Big Lies in Politics (Thomas Sowell)

[SunkenCiv]

more sidebars, all of these are from the "Obamanomics" keyword and the FRchives:

• Obama: 'You Can't Have a Modern Industrial Economy' With Lower Taxes
• Obama Would Raise Taxes To Pay For His Jobs Bill
• Obama to call for broad tax increases Wants three dollars in taxes for each dollar of new cuts
• Obama's Solution: Give Irresponsible Liberal Spending Addicts Higher Taxes So They Can Spend More
• Obama Digs in His Heels on Taxes
• Obama's FY2012 Budget: Taxes, Taxes and More Taxes
• On taxes, Obama's long list of broken promises
• Why Democrats Can't Win on Taxes
• John Mauldin on Obama's Plan to Raise Taxes: "Very Dangerous" and "Patently Absurd"