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A really big clue that this is bull**** is that the link only gives as a "sample summary" consisting of three words, "has never worked"
The quote in context
Now, just as there was in Teddy Roosevelt’s time, there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes -- especially for the wealthy -- our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.
Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.
It really is sort of pathetic that Obama has decided to hang his whole campaign on higher marginal income tax rates, as if the rich are the source of all of our troubles. Especially considering that his own Simpson Bowles bipartisan deficit commission and the outline floated by the bipartisan Gang of Six and the previous bipartisan commission co-chaired by Alice Rivlin all proposed to take the garbage out of the tax code, widen the tax base, and REDUCE marginal income taxes while collecting more actual revenue.
Sanrene is on target as always; Obama's policies have all been spectacular failures, and continuing to state that the rich don't pay 'their fair share' reeks of ignorance and blatant stupidity, and is an absolute lie.
His party has been the biggest enemy of the middle class of any party inn our history, and people of color, than any other party in our history; he and his fellow 'poverty pimps' are a disgrace.
They're certainly far more responsible for outsourcing, those exceptional job killers known as environmentalists, soaring energy prices, and an out-of-control legal system than the GOP or any other party.
Having created hellholes such as Detroit & too many liberal states to mention, why does anybody take him seriously?
We've never had a President as ashamed of this country on top of being so stupid; blaming our rotten economy and unemployment on the creation of essentials such as ATMs and the Internet is beyond stupid.
His party destroyed our housing market in the name of 'social justice', and he was certainly right in the middle of pushing for subprime loans in the mid-nineties during his 'community organizer' days, as the Chicago Sun-Times pointed out in 1995.
No not at all. You are way off base and agreeing with ideas that are not true.
Some of the crap I have been reading here within the last month has devolved to howling at the moon lunacy.
Whats frightening is that people such as this walk among us, and pretend to be rational in their real lives.
They are frightened and desperate. Frightened, ignorant people make terrible decisions.
Obama’s speech 12-6-11
I'm here in Kansas to reaffirm my deep conviction that we're greater together than we are on our own. Socialism
Now, it's a simple theory. And we have to admit, it's one that speaks to our rugged individualism and our healthy skepticism of too much government. That's in America's DNA. But here's the problem: It doesn't work. It has never worked. So our country never worked without big government? That is just wrong. BTW, Now that we have the biggest government we ever had, how are we doing.
in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history. And what did it get us? The slowest job growth in half a century. After the 2003 Bush tax cuts there were 52 weeks of continuous job growth and 8.3 million jobs created.
mortgage lenders that tricked families into buying homes they couldn't afford, The Community Redevelopment act ,Fannie and Freddie are the reasons banks had to loan to those that couldn’t afford it.
Inequality also distorts our democracy. It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and it runs the risk of selling out our democracy to the highest bidder. Obama is raising one Billion dollars for his campaign
Which means we shouldn't be laying off good teachers right now -- we should be hiring them. No but we should be laying off bad teachers. More money has not improved our education system.
They should be rebuilding our roads and our bridges, laying down faster railroads and broadband, modernizing our schools –Then why didn’t the stimulus money go into these things instead of mostly to government workers and green energy.
Does anybody here think that the problem that led to our financial crisis was too much oversight of mortgage lenders or debt collectors? Yes That is exactly what caused I the bad loans. The selling of these bad loans should have been caught by the SEC which has tremendous regulating powers.
At minimum, they should be remedying past mortgage abuses that led to the financial crisis.Then why didn’t Dodd Frank change Fannie, Freddie and the Community Development Act. You still need only 3% down for a FHA loan.
Teddy Roosevelt lost the election after giving his Kansas speech. Obama will too.
Yeah, the Prez was totally responsible for the decline of Detroit.
Oy vey.
Some of the crap I read on this forum is unfreakingbelievable.
Please provide irrefutable proof that Obama was right in the mix of things when the subprime mess was staring to go down.
Oh, how easily we forget which party has been running Detroit for decades. Look no further than this pathetic, broken city for what liberal governance WILL do.
Quote:
Originally Posted by Marv101
Sanrene is on target as always; Obama's policies have all been spectacular failures, and continuing to state that the rich don't pay 'their fair share' reeks of ignorance and blatant stupidity, and is an absolute lie.
His party has been the biggest enemy of the middle class of any party inn our history, and people of color, than any other party in our history; he and his fellow 'poverty pimps' are a disgrace.
They're certainly far more responsible for outsourcing, those exceptional job killers known as environmentalists, soaring energy prices, and an out-of-control legal system than the GOP or any other party.
Having created hellholes such as Detroit & too many liberal states to mention, why does anybody take him seriously?
We've never had a President as ashamed of this country on top of being so stupid; blaming our rotten economy and unemployment on the creation of essentials such as ATMs and the Internet is beyond stupid.
His party destroyed our housing market in the name of 'social justice', and he was certainly right in the middle of pushing for subprime loans in the mid-nineties during his 'community organizer' days, as the Chicago Sun-Times pointed out in 1995.
You are spot on.
Quote:
Originally Posted by kshe95girl
You have to wonder about some of the mouthpieces on this thread.
I think that a lot too, especially those that never really address the topic.
Quote:
Originally Posted by jackmccullough
It's hard to believe that a thread that starts out with a lie can ever be worth anything, but here goes.
I think you're missing something - it is the president who is doing the lying.
Quote:
Before Barack Obama as President, the rest of the world looked to America as the example for the economic model that works to achieve prosperity. But today Obama tells America “It doesn’t work. It’s never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.”
See, all that is a LIE.
Here's what the OP claims the President said:
And here is what President Obama actually said:
Yeah, you forgot to include a bit more of his bile for context.
As anyone with elementary reading ability can see, what has "never worked" in President Obama's statement is the boldfaced language: that if we just cut more regulations and cut more taxes, especially for the wealthy, our economy will grow stronger and jobs and prosperity will eventually trickle down to everybody else.
There are two important observations to make about this:
1. He is incontrovertibly correct.
He is incontrovertibly WRONG. His version of America never was, never will be.
2. The people who believe in the assertion about the magical powers of cutting regulations and taxes, regardless of what they say, care nothing about what trickles down to poor people. As long as the rich are better off, that's literally all they care about.
The name for those people is Republicans.
Finally, it would be unkind to call the OP a name based on this, but it is clear beyond contradiction that the OP has intentionally misrepresented the President's statements.
Btw, I didn't write those articles posted, but I agree with them 100% and no one is misrepresenting his vile statements, but they are actually analyzing what he says, unlike some that again, just nod and chant, "yes we can".
They are frightened and desperate. Frightened, ignorant people make terrible decisions.
Exhibit A. Rick Perry's new ad. Seriously?
Any stereotype has problems, by definition. Speaking for myself, I am confident and optimistic. The United States of America will still be here, long after Obama is out of office. The power of a free people making their own decisions about their own lives will not be denied. This is not meant to minimize my opposition to President Obama--just a recognition that in twenty or thirty years, he will be a footnote in history: first black president, second coming of Jimmy Carter.
Rick Perry is just the right's version of Nancy Pelosi--outrageous and on the fringe. The only difference is, the left put Nancy into position to do an enormous amount of damage on the national scene.
Foremost authority on pointing out those that really don't contribute much to the topic or discussion? I'll wear that badge.
Nope, that wouldnt be the badge, but I have the feeling you know exactly of what I am speaking.
The quoted post is proof positive.
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