President Obama: 'They've tried to sell this old, trickle-down tax cut fairy dust before...'

[bigtree]

THE WHITE HOUSE
Office of the Press Secretary
August 8, 2012

excerpt of remarks by President Obama at
Grand Junction High School -- Grand Junction, Colorado:


____ This is not just a choice between two candidates or two political parties. It’s a choice about two fundamentally different visions for the country, two fundamentally different paths. And the direction that we choose -- the direction that you choose when you walk into that voting booth in less than three months -- is going to have a direct impact not just on our lives, but on the lives of our children and our grandchildren for decades to come.

Now, four years ago, we came together -- Democrats, but also independents and some Republicans -- to restore the basic bargain that had built this country, that had made us the most prosperous nation on Earth. And it’s a very simple bargain. It says, if you work hard, your work will be rewarded. (Applause.) It says that if you put in enough effort, you can find a job that pays a decent wage, pays the bills; that you can afford to have a home that you call your own; that you have health care you can count on when you get sick. (Applause.) That after a lifetime of labor, you can put away enough to retire with dignity and respect. And, most importantly, that you can give your kids the kind of education and opportunity that allows them to dream even bigger and do even better than you could ever imagine. That’s the promise of America. That’s the promise of America. (Applause.)

Now, when we came together, we knew restoring that bargain -- that deal, that compact -- was not going to be easy. We knew it would take more than one year or one term or maybe even one President, because --

AUDIENCE MEMBER: Four more years! (Applause.)

THE PRESIDENT: -- because we had seen what had happened in the previous decade. Jobs had moved overseas. Folks were working harder and harder, but their wages or incomes, they were staying flat, sometimes even going down. The cost of everything from health care to college was going up. And then, it all culminated in the worst economic crisis since the Great Depression -- a crisis that robbed too many of our friends and our neighbors of jobs, the value of their homes, their savings. And all that pushed the American Dream even further out of reach for too many working people.





But, you know what, we’ve spent the last three and a half years digging ourselves out of that hole. (Applause.) We averted a depression; created 4.5 million new jobs -- 500,000
in manufacturing. We saved an auto industry. (Applause.) We made sure that we worked to make college more affordable. We worked to make sure that health care was secure for families.

And what we discovered during the course of these difficult times is that a crisis doesn’t change our character. It doesn’t change who we are as a people. It doesn’t change what makes us great -- our toughness, our grit, our resilience, and our ability to come together and work together on behalf of this country. And when we came together in 2008, we understood that there is a core decency, that there is a goodness to the American people, and we need to make sure that that’s reflected in what happens in Washington. And our mission has never been more urgent. (Applause.)

So after three and a half tough years, we’re still going. We’re here to build an economy where hard work pays off -- so that no matter who you are, or what you look like, or where you come from, here in America, you can make it if you try. (Applause.)

That’s what this campaign is about, Colorado! (Applause.) And that’s why I’m running for a second term as President of the United States of America. (Applause.)





Now, understand, there are no quick fixes or easy solutions to some of these challenges. But here’s the thing that I constantly am reminded of wherever I travel across the country: We have the capacity to meet any challenge, because we’ve still got the best workers in the world. (Applause.) We’ve got the best entrepreneurs in the world. We’ve got the best scientists and researchers in the world, and the best colleges and the best universities in the world. (Applause.) We’re still a young nation, and we’ve got the greatest diversity of talent and ingenuity and people who want to come here from every corner of the globe.

And so no matter what the naysayers tell us, no matter how dark the other side tries to make things look, the fact is there is not another country on Earth that would not gladly trade places with the United States of America. (Applause.)

So we can solve our problems. What’s standing in our way is not that we don’t have good ideas or we don’t have solutions to problems like energy independence or improving our schools. What is standing in our way is our politics. You’ve got a bunch of folks in Washington who think the only way is their way, and who think that the only way to go forward is to go right back to the same policies that got us into this mess in the first place.

AUDIENCE: No!

THE PRESIDENT: They believe in the old top-down economics that we spent an entire decade trying and that did not work.





And look, I'm not exaggerating here. My opponent, Mr. Romney, and his friends in Congress, when you look at their economic ideas, when you look at -- you know, they've spent a lot of time on commercials, saying how there aren’t enough jobs, and the economy is not growing fast enough. And then you ask them, okay, well, what is it that you're thinking about doing? And you know, I am not exaggerating, it boils down to two things. First of all, they want to give more tax cuts to folks at the very top --

AUDIENCE: Booo --

THE PRESIDENT: -- $5 trillion worth of tax cuts on top of the Bush tax cuts. And then -- so that's idea number one. Idea number two is let's get rid of regulations that we put into place to make sure that Wall Street does not misbehave again and we don't have another meltdown, or getting rid of regulations that help protect our air and our water, or getting rid of regulations that protect consumers from unscrupulous lenders. That's their basic idea. You get rid of regulations and you cut taxes for wealthy Americans, and somehow jobs and prosperity will all rain down on all of us.

AUDIENCE: Booo --

THE PRESIDENT: This is the path they're proposing. If you think I'm exaggerating, you go to their websites, you look at the bills that have been passed by this House of Representatives. That is where they will take us if they win. In fact, the centerpiece of Mr. Romney's entire economic plan is this new $5 trillion tax cut. And now, I want you to pay attention here -- we're going to do a little math. I know it's not everybody's favorite subject, but math is important.

AUDIENCE MEMBER: I love math!





THE PRESIDENT: I like that -- somebody said they love math. There you go. (Applause.)

All right, so we've known for a while that a lot of this new $5 trillion tax cut would go to the wealthiest 1 percent of all households. But, last week, an independent nonpartisan organization crunched the numbers. They look -- what does this mean, $5 trillion? Keep in mind, by the way, the defense budget is about $500 billion. So a $5 trillion tax cut is -- over 10 years is like a tax cut that's as big as our entire defense budget every single year. So these guys were trying to analyze what does this mean. They found that Governor Romney's plan would raise taxes on middle-class families with children by an average of $2,000.

AUDIENCE: Booo --

THE PRESIDENT: Now, the reason is -- as he says -- that this $5 trillion tax cut he'll pay for by doing other things, by slashing education or making Medicare into a voucher.

AUDIENCE: Booo --

THE PRESIDENT: But even after he makes all the cuts to education and training and science and research and transportation and environmental protection -- you name it -- it turns out he is still short. So the only way that you could actually pay for it is to have you pick up the bill.





So you would then pay $2,000 extra every year not to reduce the deficit, not to help our kids get an education, not to rebuild our roads and our bridges or lay broadband lines into rural communities. He would ask the middle class to pay more in taxes so he could give another $250,000 to people making more than $3 million a year.

AUDIENCE: Booo --

THE PRESIDENT: Now, he was asked about this, his campaign was asked about it, and if this sounds like an idea that would be difficult to explain to the American people, you're right. (Laughter.) Let's just say there was a whole different kind of gymnastics being performed by Mr. Romney than what's been happening in the Olympics. (Laughter and applause.)

So they were twisting and they were turning and doing backflips, and trying to say, well, this is a biased report -- despite the fact that the head of this nonpartisan center used to work for President Bush. But it's not surprising that he was trying to scramble a little bit, because they've tried to sell this old, trickle-down tax cut fairy dust before. (Laughter.)

And, you know what, it did not work then. It won't work now. It's not a plan to create jobs. It's not a plan to lower the deficit. It's not a plan to move our economy forward. It's not a plan to build the middle class. We don't need more tax cuts for folks like me. We need tax cuts for working Americans who are trying to raise a family -- (applause) -- and keep our families healthy, and send our kids to college and keep a roof over their heads. That's who needs some help. (Applause.) That’s the choice in this election and that’s why I’m running for President -- to fight for you. (Applause.)





But look, Grand Junction, I've got a different plan for America. Their ideas aren't going to work.

Four years ago, I promised to cut middle-class taxes. That’s exactly what I've done. (Applause.) The typical family has seen their taxes go down by about $3,600. So when you talk to your friends or neighbors and they say, he's a big, spending, tax-raising Democrat -- (laughter) -- you've got to tell them, no, actually, if you're in the middle class, your taxes have gone down. (Applause.)

So now, I want to keep taxes exactly where they are for the first $250,000 of everybody's income. So if your family makes under $250,000 -- which, by the way, 98 percent of Americans do -- (applause) -- 97 percent of small businesses do, you will not see your income taxes increase by a single dime next year. That’s my plan. (Applause.) And, by the way, I’ve told Congress -- I told the Republicans in Congress, I said, let's do it now. You guys say you don’t want to see anybody's taxes go up; I don’t want to see anybody who's making $250,000 or less see their taxes go up -- let's go ahead and sign a bill. (Applause.) But, shockingly enough -- (laughter) -- they haven't agreed so far because they're holding you guys hostage to try to get tax cuts for the top 2 percent.

Now, look, if you're fortunate enough to be in the other 2 percent of Americans, you're still going to get a tax cut on the first $250,000 of your income. So if you make $260,000, the first $250,000, you're still keeping all that tax cut. It's just that little bit over $250,000. Now, if you're making $5 million, you can afford it. Right? (Applause.)

All we're asking for folks who have been blessed -- like me -- I mean, I'm not being self-interested here. It's not like I love paying taxes, but I understand I've got certain obligations because this country has been so good to me. (Applause.) So what I've -- all we're saying is for folks in the top 2 percent, let's go back to what we were paying under Bill Clinton. Let's contribute a little bit more so we pay down our deficit, and we can still invest in things like education to help our kids succeed. (Applause.)





Now, keep in mind, just in case you’re talking to your friends or neighbors again and they say, well, that just -- a little bit of tax increase on the top 2 percent, that won’t cut the deficit -- they’re right. We got to do more. So we’ve already cut a trillion dollars. Federal spending is growing at a slower rate than any time since Dwight Eisenhower. (Applause.) I’ll make sure government continues to do its part, and we’ll cut out spending we don’t need. But I’m not going to pay for a massive new tax cut for millionaires and billionaires by gutting investments that have always made us strong as a country. (Applause.)

And, by the way, just like we tested their plan under the previous administration and it didn’t work, we’ve tested my plan because, as you’ll recall, under Bill Clinton, when those taxes were a little bit higher on folks like me, the economy grew faster than it has in years -- 23 million new jobs. (Applause.) We went from a deficit to a surplus. (Applause.) And folks at the top did well. We created a lot of millionaires to boot. And the reason is that -- look, when a construction worker has a got a little money in his pocket, now he starts thinking about buying a new car. When a teacher has security in her job, now she might go to a restaurant once in a while. (Applause.)

And so what happens is, when the middle class is strong, suddenly businesses have more customers, businesses have more profits, businesses decide to hire more workers. Everybody does well. That’s how we build a strong economy -- not from the top down, from the middle out, from the bottom up. That’s the choice in this election. That’s why I’m running for a second term for President of the United States. (Applause.)





full transcript: http://www.dailykos.com/story/2012/08/08/1118129/-President-Obama-s-remarks-at-Grand-Junction-CO-campaign-event

first pic (and a few others): Obama Diary

[Yeah Its Spin]

1. kick

[woo me with science]

2. "Tried"?

Really?

No, they succeeded, and Democrats went right along with it.

And we are headed for more austerity after the election....The commission is readying itself as we speak.

I would like to see this President swear that he will not approve any budget changes on the backs of poor and formerly middle class people who have already been devastated by thieves in Washington and on Wall Street. No increases in age for Medicare eligibility. No chained CPI or other sneaky, vicious changes to the formula for calculating Social Security. No reductions in projected benefits. No massive, across the board austerity cuts. Not one penny on the backs of the victims, anymore.

Slash the damned MIC. And address this list: http://www.democraticunderground.com/10021092723

No more status quo. We need help. We need structural change to reverse this theft. We are not interested in a new normal of oligarchs and serfs.


These are the words I want to hear. They *should* be easy to say for a President who is truly on the side of the people.

[badtoworse]

3. The last time "they" tried it was in 2010 and IRC, a Democratic Congress passed it and...

...he signed off on it. Wouldn't "we" be more appropriate?

[GreenPartyVoter]

4. I believe it is customary to run on platform, not actual record?

[badtoworse]

5. I tend draw conclusions more from what people do than what they say.

It's ludicrous to suggest that voters would or should ignore a candidate's record. A candidate might run on a platform, but he can't run away from his record.

[GreenPartyVoter]

7. I'm not saying voters ignore the records, just that politicians frequently seem to do so. Look at

Rmoney. I don't think he's owned much of what he's done as Governor of MA, and has distorted a lot of what little he actually has owned.

[bhikkhu]

6. He signed off on a package deal

which had some things he really wanted, and some things he didn't. Nature of the business, especially as the teabaggers cleaned our clocks in 2010 at the voting booths - remember that?

If you're really concerned about it not happening again, electing democrats to office is the way to avoid it. Tearing democrats down for compromises they were forced into isn't.

[bigtree]

8. .