Skip to comments.Obama: Contracting economy GOP's fault
Posted on 01/31/2013 6:47:06 AM PST by SeekAndFind
Be honest, now. Did you really expect Obama to take responsibility for anything?
From The Hill:
White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the "fiscal cliff" negotiations had prevented important defense spending.
"Our economy is facing a major headwinds, and that's Republicans in Congress," Carney said.
The Commerce Department projected Wednesday that the nation's gross domestic product (GDP) shrank by 0.1 percent in the fourth quarter of 2012.
Carney said that was partially attributable to the threat of sequestration, which would implement across-the-board spending cuts if a long-term deficit deal is not reached. "This is political brinkmanship that results in one primary victim. That's American taxpayers and the American middle class," Carney said, acknowledging the GDP projection was bad news.
"I don't think anytime you see a reduction in economic growth that it's good news," he said.
Carney said economic observers were "rightly appalled" by the threat of sequestration or default to drive a debt deal, and charged that Republicans were harming the economy to the benefit of the wealthiest Americans. "It can't be we'll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners," Carney said.
Brendan Buck, a spokesman for Speaker John Boehner (R-Ohio), pointed the finger of blame for the still-looming sequester back at the White House.
"These arbitrary, automatic cuts were a creation and demand of the White House in 2011," said Buck. "Twice the House has passed legislation to replace them with common sense cuts and reforms. If there was any uncertainty late last year about the sequester, it was because the Democratic-controlled Senate, per usual, never lifted a finger to pass a plan to replace it."
(Excerpt) Read more at americanthinker.com ...
SEQUESTRATION WAS OBAMA's IDEA !!
The House passed budget cuts to replace the sequester. Senate Democrats never considered the package.
Of course the low information voter doesn't even know it. Why? Because the mainstream press does not mention it today.
Of course that didn't just start to happen during Q4.
Campaign 2014 begins in ernest.
Barack Hussein Obama, this small business owner saw you coming. Capital Strike!
Didnt Obama take credit for ‘raising taxes on the rich’ ??
A major campiagn promise?
Well, party on ....HA_HA
You won Obama....you only take credit ??
And we’re not doing it out of some sort of spite or vengeance, but out of self defense.
IOW, the conservation of spending is a direct response to his policies.