Quotes of the Day
posted at 9:51 pm on July 16, 2012 by Ed Morrissey
Well, here’s what I know, we were just talking about responsibility and as president of the United States, it’s pretty clear to me that I’m responsible for folks who are working in the federal government and you know, Harry Truman said the buck stops with you.
If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle-class families under the bus.
This morning we lowered our tracking of Q2 GDP growth from 1.7% to 1.4%. For some time now we have noted that our Q3 GDP call — which was already below consensus at 2.0% — had risks that were skewed to the downside.
After the latest round of data we have decided to lower our projection for Q3 to 1.5%.
The Obama administration’s continued failure to meet the statutory deadline to report the midsession budget review is unacceptable for a government tumbling toward a debt crisis.
“That is his argument and you don’t hear me complaining about him making that argument, because if I was in his shoes I’d be making the same argument.”
Instead of moving to the center as the election approaches, Obama has moved even further left. One only hopes that Mitt Romney stops debating over what dates he ran Bain Capital and instead gets busy defending the benefits of free-trade. Americans can’t be surprised when American companies, as well as foreign ones, don’t want to invest in the United States. With this president, why should anyone take the risk?
I’m sure every small-business owner who took a second mortgage on their home, maxed out their credit cards or borrowed money from their own retirement savings to start their business disagrees strongly with President Obama’s claim. They know that hard work does matter.
Every small business is not indebted to the government or some other benefactor. If anything, small businesses are historically an economic and job-creating powerhouse in spite of the government.
I am running out of room with regard to being above zero!
Update: My apologies for the formatting errors. Allahpundit is on vacation this week.
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