ClydeR
05-07-2012, 12:37 PM
This is from Obama's first official campaign speech of 2012.
THE PRESIDENT: When a woman in Iowa shared the story of her financial struggles, he responded with economic theory. He told her, “our productivity equals our income.” Well, let me tell you something. The problem with our economy isn’t that the American people aren’t productive enough -- you’ve been working harder than ever. (Applause.) The challenge we face right now -- the challenge we faced for over a decade is that harder work hasn’t led to higher incomes. It’s that bigger profits haven’t led to better jobs. (Applause.)
Governor Romney doesn’t seem to get that. He doesn’t seem to understand that maximizing profits by whatever means necessary -- whether through layoffs or outsourcing or tax avoidance or union-busting -- might not always be good for the average American or for the American economy.
Why else would he want to spend trillions more on tax cuts for the wealthiest Americans? Why else would he propose cutting his own taxes while raising them on 18 million working families? Why else would he want to slash the investments that have always helped the economy grow, but at the same time, stop regulating the reckless behavior on Wall Street that helped the economy crash?
Somehow, he and his friends in Congress think that the same bad ideas will lead to a different result. Or they’re just hoping you won’t remember what happened the last time we tried it their way.
More... (http://www.whitehouse.gov/the-press-office/2012/05/05/remarks-president-and-first-lady-campaign-event)
Is that true? What tax is Obama talking about?
THE PRESIDENT: When a woman in Iowa shared the story of her financial struggles, he responded with economic theory. He told her, “our productivity equals our income.” Well, let me tell you something. The problem with our economy isn’t that the American people aren’t productive enough -- you’ve been working harder than ever. (Applause.) The challenge we face right now -- the challenge we faced for over a decade is that harder work hasn’t led to higher incomes. It’s that bigger profits haven’t led to better jobs. (Applause.)
Governor Romney doesn’t seem to get that. He doesn’t seem to understand that maximizing profits by whatever means necessary -- whether through layoffs or outsourcing or tax avoidance or union-busting -- might not always be good for the average American or for the American economy.
Why else would he want to spend trillions more on tax cuts for the wealthiest Americans? Why else would he propose cutting his own taxes while raising them on 18 million working families? Why else would he want to slash the investments that have always helped the economy grow, but at the same time, stop regulating the reckless behavior on Wall Street that helped the economy crash?
Somehow, he and his friends in Congress think that the same bad ideas will lead to a different result. Or they’re just hoping you won’t remember what happened the last time we tried it their way.
More... (http://www.whitehouse.gov/the-press-office/2012/05/05/remarks-president-and-first-lady-campaign-event)
Is that true? What tax is Obama talking about?