Posted on 10/04/2012 3:58:10 AM PDT by IBD editorial writer
In making his case for re-election in the face of historically high unemployment and sluggish growth, President Obama has a simple and straightforward argument. Things were terrible when I arrived, he says, thanks to Bush-era policies of tax cuts and deregulation. We stopped the decline, but the ditch was so deep that it will take time to get out. Still, we are making progress, even if it isn't as fast as everyone would like. [snip] But each part of Obama's argument is based on claims that are not accurate:
(Excerpt) Read more at news.investors.com ...
You mean like — Five Pillars??
Romney did not hit hard enough on the Dodd-Frank housing bubble mess. I never heard it mentioned that THAT regulation, requiring lenders to lend to unqualified buyers, is what led to the housing bubble, which is what got us in a recession. It’s probably old news to Mitt, but I don’t think the American people get it. They blame Bush for it, and it was the Dem-duo who are to blame.
Bump
But Obama will save 90 gazillion dollars while Mitt will cost 100 gazillion dollars with most going to the rich.
Ping
>>Things were terrible when I arrived.
Get a clue, Zippy. You didn’t “arrive.” You campaigned hard for the job. You spent years campaigning for the job. You claimed your brilliant plans would fix the problems. In fact, you claimed you would heal the earth and halt the rise of the oceans. Now you are whining and making excuses.
What a difference four years makes! What a difference it makes to have to run on your own record instead of against Bush’s!
That's one area Romney has to challenge Obama. Many Americans still blame Bush and underregulation for the financial disaster. Romney has to set the record straight and slam Slick Willy as much as Obama for causing the fiasco.
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