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Obama: “Romney’s Trying To Sell You A Sketchy Deal”


Posted by icarus on 17 Oct 2012 / 0 Comment


“His tax plan doesn’t add up, his jobs plan doesn’t create jobs, his deficit plan adds to the deficit.”
~President Obama

Obama spoke to a crowd today in Mount Vernon, Iowa where he attacked Romney’s fuzzy math and fake policies.  Everything he says here is absolutely true.  Had Romney been born in the 1800′s – he would no doubt be a oil snake salesman; his policy proposals lack policy or detail and Obama is calling him out on it.  Regardless of what the Romney campaign would like Americans to believe – America is a much stronger country in nearly every way today than it was 4 years ago … and unlike four years ago when Americans were losing half their savings and people were being laid off by the millions – the economy is blooming slowly.  Obama has a strong economic record to run on …. it’s the guy behind the curtain who wants you to believe otherwise.

Regarding Romney’s Tax Plan:

  • The Congressional referee – the Joint Committee on Taxation says Romney’s plan is impossible HERE.
  • The former McCain economic adviser and current chief economist for Moody’s says the arithmetic “doesn’t work” HERE.
  • Politifact says Romney’s claim that 5 independent studies corroborate his math is “mostly false” HERE.
  • A Fox “journalist” actually says “How can you not tell the people these facts” HERE.
  • An independent study by the Brookings institution says Romney’s tax plan isn’t mathematically possible HERE.
  • Factcheck.org says his math is impossible in Romney’s Impossible Tax Promise.
  • I’ve given a very simple explanation that Romney’s plan will in fact cut taxes for the wealthiest Americans HERE.
  • The Tax Policy Center says Romney’s plan is a $5 trillion tax cut which would give anyone making more than $1 million a year at least an $87k tax cut HERE.
  • Bill Clinton says Romney’s tax math is impossible HERE.
  • Fox’s Chris Wallace calls out the Romney campaign for their math HERE.

Regarding Romney’s Jobs Plan:

The Washington Post did in fact call it a “bait and switch” … they said Romney’s tax plan “doesn’t add up”.  We’ve shard their article along with a history of Romney’s economic advisers who were also Bush’s main economic advisers HERE; an excerpt:

This is a case of bait-and-switch. Romney, in his convention speech, spoke of his plan to create “12 million new jobs,” which the campaign’s white paper describes as a four-year goal.

But the candidate’s personal accounting for this figure in this campaign ad is based on different figures and long-range timelines stretching as long as a decade — which in two cases are based on studies that did not even evaluate Romney’s economic plan.  The numbers may still add up to 12 million, but they aren’t the same thing — not by a long shot.

In many ways, this episode offers readers a peek behind a campaign wizard’s curtain — and a warning that job-creation claims by any campaign should not be accepted at face value. The white paper at least has the credibility of four well-known economists behind it, but the “new math” of this campaign ad does not add up.

From the same rally in Mount Vernon, Iowa – Obama starts to share the many successes we are seeing in the economy.  Romney wants Americans to believe things are getting worse when they’re absolutely getting better; he knows that if America thinks we’re on the upswing – he loses.

What President Obama says is absolutely true above.  As I wrote HERE – despite significant GOP obstruction … the economy is doing much better.  5.2 million private sector jobs have been created since January of 2010 with 31 consecutive straight months of job gains.

  • Consumer confidence is at a 5 year high (source).
  • U.S. unemployment claims are at a 4.5 year low (source).
  • Unemployment is at its lowest rate in 4 years with 7.8% (source)
  • Home builder confidence in the last 12 months is the largest gain in history (source).
  • U.S. growth while slow is better than Canada, Australia, the UK, Japan, Germany and France (source).
  • Manufacturing in the U.S. is growing while China’s manufacturing industry has shrunk 11 months straight (source).
  • Under President Obama – the U.S. has experienced “the longest stretch of employment gains in manufacturing in almost two decades” (source).
  • Automobile sales are the best they’ve been in over 4 years (source).
  • Thirty one straight months of private sector job gains with over 5.2 million private sector jobs since January 2010 (source).
  • The S&P 500 is up 81% since Obama took office (source).
  • The U.S. ranks #1 in clean energy investments (source).
  • America’s dependence on foreign oil is at a 13 year low (source).
  • Corporate profits are at an all time high (source).
  • Core CPI inflation is below historical averages at around 2% (source).
  • The Congressional Budget Office projects 9.6 million jobs will be created in the next 4 years under the current path (source).

And in case you needed a reminder – as I’ve shared HERE – four years ago … here is what the country was talking about:

Or as Romney would say … things are much worse today under President Obama.

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Written by icarus

I have always had a dream of flying as a young boy; the trick is to fly just high enough for it to matter and yet not so high that you get burned by the sun. I'm also reckless. And I care about truth.

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