Obama on the economy: “We tried our plan — and it worked”
“We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech. “That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”
Obama made these comments in Oakland, where the unemployment rate was 13.7 percent in May 2012. The national unemployment rate is 8.2 percent — up from 8.1 percent in May — for the second straight month.
To prove that his economic plans have “worked,” Obama cited the auto industry bailouts. “I refused to turn my back on a great industry and American workers,” he said. “Three years later, the American auto industry has come roaring back.”
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HAHAHAHAHAHAHA. Obama must be smoking some really good Choom..
wargamer6 on July 24, 2012 at 11:29 PM
8.2%
Good Lt on July 24, 2012 at 11:29 PM
Oh please, it doesn’t count when you have to pay people to take them.
Cindy Munford on July 24, 2012 at 11:30 PM
BWAHAHAHAHAHAHA!!! Next thing you know he’ll be saying the private sector is doing fine.
The Rogue Tomato on July 24, 2012 at 11:31 PM
HAHAHAHAHAHAHHAHAHAHAHA
Chuck Schick on July 24, 2012 at 11:32 PM
Saw a Volt the other day. A rare site indeed in my part of TX. I see other
smartstupid cars and wonder how the big white guys, who are always driving them, can even fit. I see a Volt and I get angry. Obama stole my tax money to subsidize poorly designed stupidity.txhsmom on July 24, 2012 at 11:36 PM
Gotta wonder how that 13.7% unemployed (I know, it’s really higher) feel about Obama saying that his economic plan “worked”.
Even if he wasn’t speaking out of his backside… worked for whom, exactly?
malclave on July 24, 2012 at 11:38 PM
I’m waiting for Romney to explain how the financial crisis wasn’t caused by tax policy. I’ll probably be waiting forever.
Mark1971 on July 24, 2012 at 11:40 PM
You lie!
WisCon on July 24, 2012 at 11:41 PM
A weakened America knows…
Gohawgs on July 24, 2012 at 11:42 PM
“Sometimes I forget.”
de rigueur on July 24, 2012 at 11:42 PM
Which one was that?
The Cloward-Piven one?
ProfShadow on July 24, 2012 at 11:44 PM
He also killed Bin Laden.
Bishop on July 24, 2012 at 11:49 PM
Yeah, we all remember how well the stimulus and those shovel-ready jobs worked. Thanks to Obama, unemployment never went above 8%… oh, wait.
I heard that the running joke about Communism was that the future always stayed the same (it would be great!) but the past was always changing because they constantly had to re-write it. Obama’s masters trained him well.
CJ on July 24, 2012 at 11:49 PM
I guess Rush is right. Obama’s plan is to drive the American economy into the toilet. Because that’s where we are.
notropis on July 24, 2012 at 11:51 PM
Heh. I dare Obama to make “It worked” his campaign slogan.
Dongemaharu on July 24, 2012 at 11:52 PM
When did he make it work? I’ve been busy the last two weeks in trial, did I miss it?
HawaiiLwyr on July 24, 2012 at 11:53 PM
…and 2 Federal agents and 300 Mexicans. Another of his plans that worked, under the radar.
de rigueur on July 24, 2012 at 11:54 PM
It’s “working” to accelerate the decline, uh transformation, or America.
Indeed.
Kenosha Kid on July 24, 2012 at 11:54 PM
of
Kenosha Kid on July 24, 2012 at 11:55 PM
Yep, working like a mofo.
Embrace the forwardness, you rightie ding-dongs, this is what success looks like.
Bishop on July 24, 2012 at 11:57 PM
Economic justice sure looks like stagflation to me.
tom daschle concerned on July 25, 2012 at 12:00 AM
Still running against Bush, what a useless simpleton.
Rio Linda Refugee on July 25, 2012 at 12:06 AM
Still running against Bush, what a useless simpleton.
Rio Linda Refugee on July 25, 2012 at 12:06 AM
What concerns me is the tens of millions useless simpletons that will vote for him anyways.
tom daschle concerned on July 25, 2012 at 12:10 AM
Mark1971, my thoughts exactly. This sort of idiocy has bothered me all the way back to the 80s, when I used to b***h-slap colleagues in DC about their simplistic and clueless misunderstanding of basic economics. Of course in 2008 (like much else) it reached proportions that I couldn’t believe my eyes and ears, and words fail(ed).
I haven’t seen 30 minutes of TV “news” in 5 years, but I did happen to catch Bret Baier interviewing someone I know quite well, a top House Democrat. My old friend was making a spectacular fool of himself, and while Baier was of course OK, he really needed to just (for once, with someone live who couldn’t hide) focus and press and make these idiots defend their absurd assertions and assumptions.
Such as – as you alluded to – how reductions in tax rates cause deep recessions.
So long as the GOP types refuse to (1) make press distortion the story, and correct it, and bring it up nearly every single time they open their mouth to force it into a prominent place in people’s minds and (2) raise the level of discussion (to a minimally intelligent one) on things like economics, to mock and attack and challenge the nonsense on this topic from every Dem and “journalist” – we are never more than a bad business cycle away from having bizarre, unintelligent, un-American empty suits in power, as today.
Ponder this, HotAir readers: if by some random cyclical business trend the economy were better today, and into the fall, this unbelievable, lawless, bumbling, repugnant, Constitution-shredding abomination of a regime would be easily re-elected. It’s not nearly enough just to win (even by the fairly likely landslide proportions) – unless big progress is made restoring public discussion of major issues to some minimally intelligent level, we’re just perching on the knife’s edge and hoping for the best.
IceCold on July 25, 2012 at 12:11 AM
Do the people who vote for him realize how stupid he thinks they are?
I would be furious that he can stand and tell a bald face lie and realize that his groupies will say, “yes messiah!”
This cult of personality scares me. Other leaders who had the same blind following, hitler, musolini, mao, che, fidel, and on and on.
I want a smart, intelligent leader who doesn’t depend on stupid people fainting at his words.
In other words I want A LEADER, NOT A LIAR!
Bambi on July 25, 2012 at 12:18 AM
If Obama says his economic plans worked then he must have intended all along to stifle the country’s economic growth and force millions into dependence on government charity while enslaving our grandchildren to pay for it all.
Socratease on July 25, 2012 at 12:22 AM
I think some of us may be missing the simplicity here. The Obami did try their plan — and it worked. Deduce as appropriate.
J.E. Dyer on July 25, 2012 at 12:23 AM
rogerb on July 25, 2012 at 12:40 AM
Large numbers of very stupid voters. The eternal Achilles heel of the democratic system.
TexasDan on July 25, 2012 at 12:40 AM
Baghdad Bob would be proud…
chewydog on July 25, 2012 at 1:11 AM
0′s idea of work is different than mine.
Bmore on July 25, 2012 at 1:53 AM
Wait, when did I get my skittle-pooping unicorn?
John the Libertarian on July 25, 2012 at 3:20 AM
But didn’t he promise unemployment of around 5% by now?
So if having high unemployment was really Obama’s goal, then it worked.
albill on July 25, 2012 at 5:55 AM
And 2 + 2 = 5
Doublespeak
petefrt on July 25, 2012 at 6:54 AM
George CostanzaBarack Obama: “It’s not a lie…if you believe it.”BuckeyeSam on July 25, 2012 at 7:06 AM
I think that’s what he meant by “…it worked”. As always, P.T. Barnum was right.
swinia sutki on July 25, 2012 at 7:23 AM
I think this pretty much explains the current administration as well as all the libtard trolls here on HA…
Wolftech on July 25, 2012 at 7:53 AM
Man, if this is what working looks like, I’m glad it’s not really, really working!
littleguy on July 25, 2012 at 8:39 AM
Maybe Obama should make this his new campaign song?
GWB on July 25, 2012 at 9:28 AM
And the last verse:
I believe swinia sutki mentioned good old PT……
GWB on July 25, 2012 at 9:35 AM