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Obama: Some spending cuts won't help economy grow
cbsnews.com ^

Posted on 09/10/2012 5:00:01 PM PDT by Sub-Driver

Obama: Some spending cuts won't help economy grow

(CBS News) ST. PETERSBURG, Fla. - President Barack Obama and Republican candidate Mitt Romney went into the conventions virtually tied in the polls. Following the Democratic National Convention last week, however, the president came out with five-point lead over his GOP challenger.

A new Gallup poll shows President Obama leading Romney 49 percent to 44 percent, a bounce commonly seen after a party's convention.

Still, election day results remain unpredictable because the polls are -- and have been -- so close. The president sat down with CBS News in St. Petersburg during his Florida bus tour to discuss compromise, the highly-partisan atmosphere of this year's campaign, and how he would never cut spending to education or healthcare for the poor and needy because that wouldn't help the economy.

Below is a partial transcript of the interview.

Obama won't compromise "balanced approach" on budget, despite gridlock Congress back to work, but little action expected

Scott Pelley: The folks at home are so concerned about Washington's apparent inability to get big things done. How can you assure the American people that you are willing to go halfway and make a compromise with these people that you apparently have such acrimony with?

President Barack Obama: Well, Scott, I've gotta tell you -- there may be acrimony directed towards me, but you know what? That's not unique to my presidency. I'm willing to go more than halfway. And I've displayed that. I think that throughout my political career I've shown not only an instinct but a desire to find common ground. What I'm not willing to do is to slash education spending or, you know, healthcare for poor and needy children.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: balancedapproach
Head slap alert..........
1 posted on 09/10/2012 5:00:07 PM PDT by Sub-Driver
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To: Sub-Driver

This moron lives in a different universe, and the media apparently lives there too.


2 posted on 09/10/2012 5:05:08 PM PDT by ilgipper
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To: Sub-Driver
is he going to double down again this time on spending cuts,, bye bye defense
3 posted on 09/10/2012 5:09:35 PM PDT by markman46 (engage brain before using keyboard!!!)
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To: Sub-Driver

a totally different universe


4 posted on 09/10/2012 5:13:05 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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He’s right by declaring a 1/3rd truth.

You MUST at the exact same time also eliminate most of the FedGov, it’s over-regulation, and nearly every agency (converted into 56 member advisory boards to congress).

You MUST at the exact same time, since there is no huge FedGov to support because it’s been eliminated, eliminate or drastically reduce all forms taxation on all individuals and businesses.


5 posted on 09/10/2012 5:29:04 PM PDT by USCG SimTech (Honored to serve since '71)
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To: Sub-Driver
I'm willing to go more than halfway. And I've displayed that. I think that throughout my political career I've shown not only an instinct but a desire to find common ground.

Like when Boehner had agreed your "new revenues" during last years debt ceiling negotiations and you suddenly demanded more?

When has this guy ever sought common ground with the House Republicans? It's been "my way or the highway."

6 posted on 09/10/2012 7:19:19 PM PDT by newzjunkey (Election night is 57 days away.)
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