Obama: Previewing Thursday’s economic speech

Reuters: "So far, President Barack Obama has not been able to convince most Americans that they are better off than they were four years ago. His next step may be to try to convince them that they would be worse off under his Republican rival, Mitt Romney. In an economic speech on Thursday that could set the tone for months of campaigning, Obama is not likely to unveil new ideas to boost the economy and create new jobs, according to Democrats familiar with the preparations for the address. Instead, he will make the case that he needs four more years to undo the damage left by George W. Bush, his Republican predecessor in the White House, and argue that a President Romney would bring back the weak financial regulation and budget-busting tax cuts of the Bush years."

The New York Daily News reports global approval of President Obama has dropped, according to a Pew Research Center poll: “The global enthusiasm for US President Barack Obama has fallen ‘significantly’ since he took office in 2009, but in many countries there is still strong support for his re-election in November, according to a poll released Wednesday by the US Pew Research Centre. Confidence in Obama fell from 86 per cent in 2009 to 80 per cent in Europe, and from 85 to 74 per cent in Japan, the two regions where the US president is most popular.”

“The 2008 donors who haven't returned to President Obama are disproportionately centrists and very liberal Democrats, while regular Democrats have stuck by the president, according to a new analysis of campaign finance data. The analysis, by Stanford political scientist Adam Bonica, matches and deepens a BuzzFeed finding that roughly 90% of those who gave more than $200 to Obama haven't returned, a mark of the disillusionment among some of his early supporters and of his ongoing struggle — despite the advantages of organization and incumbency — to keep even with his 2008 fundraising totals,” BuzzFeed reports via Political Wire.

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Obama is not likely to unveil new ideas to boost the economy and create new jobs, according to Democrats familiar with the preparations for the address. Instead, he will make the case that he needs four more years to undo the damage left by George W. Bush, his Republican predecessor in the White House, and argue that a President Romney would bring back the weak financial regulation and budget-busting tax cuts of the Bush presidency"

Great plan! No new ideas and blame Bush! How inspiring?

  • 4 votes
Reply#1 - Wed Jun 13, 2012 9:34 AM EDT

Now take Obama for instance ...... anybody ! Please !!

Maybe Egypt will take him as their new leader.... if they like him so much, we will make you a deal !

  • 5 votes
#1.1 - Wed Jun 13, 2012 9:43 AM EDT

We don't need any new ideas, we just need the tea people Koch republican congress to get off it's ass and do something. The tea people Koch republican congress has done absolutely nothing in two years, nothing.

BTW: CitizenBain and jim, you're still paying them for doing nothing. Your tax dollars at work. Oh I forgot, they have had 9 weeks of vacation so far this year.

  • 3 votes
#1.2 - Wed Jun 13, 2012 10:41 AM EDT

Yes, it IS Bush's fault, but the challenge is Obama can't really say it - at least not directly.

A recession started with bank failure is harder to fix - and the Great Depression lasted from 1929 to 1945.

  • 3 votes
#1.3 - Wed Jun 13, 2012 2:07 PM EDT

The most fundamental thing the American people do know is that Romney is NOT honest and trustworthy. So all the other stuff is a moot point. Nonetheless, let's review the article:

Who cares about four years of slow recovery when we have just suffered a Lost Decade thanks to failed GOP/Bush-era policies. Things have sucked since 2001, and the artificial housing bubble is now all the more sad when we see the recent study about the 40% loss of wealth for the middle class (including folks losing their homes or being underwater). Come on, are folks blaming President Obama for that loss of wealth from the housing bust during Dubya? I think not.

Would Americans be worse off the next four years under Romney? Romney is the one who does not propose anything new or improved, rather he proposes doing the same things that got us into this mess, but on steroids. Back to the study -- The wealthy have not lost their wealth compared to the rest of the nation, so to propose even more tax cuts for the rich is, well rich.

President Obama does campaign on the new ideas he has offered all along, which have been obstructed, like the Jobs Act. So does this mean he has no new ideas? Come on! Crappy reporting like this is a big part of the problem. Even Scott walker admitted this election will not be a referendum, but rather a clear choice:

Romney and even more tax cuts for the rich, even more deregulation of Wall Street, and even more spending on defense, and therefore even more Too Big to Fail risk for the tax payers, and even more debt/deficits.

-OR-

Reelect President Obama and give him a Congress that will work together and with him on behalf of the American people to create jobs starting with greatly needed infrastructure, helping states keep teachers and first responders on the job, helping small businesses, using carrots and sticks to improve trade, etc.

Romney -- He's not in it for you.

    #1.4 - Wed Jun 13, 2012 4:54 PM EDT
    Reply

    Obama is not likely to unveil any new ideas because Obama DOESN'T HAVE ANY NEW IDEAS ! He still believes the U.S. can tax and spend or borrow and spend its way to prosperity. He tried that already and it hasn't worked. He is still stuck on the concept that we need to grow government which, by its very nature, feeds like a cancer off the tax dollars of corporations and individuals.

    Here is an idea Mr.President .... lower our corporate tax rate which is now the highest in the world and lower taxes on manufacturing companies even more. Forget Cap and Trade, repeal Obamacare and cut back on the massive regulations being churned out by the EPA.

    Let's send a "business friendly" message instead of a "government will control all" message to the world.

    • 4 votes
    Reply#2 - Wed Jun 13, 2012 9:38 AM EDT

    Looks like you got all the tea people Koch republican talking points in jim. Have you ever stopped to think what all those talking points you so readily quote really mean to the economy? I didn't think so, it's just what they told you to say.

    • 2 votes
    #2.1 - Wed Jun 13, 2012 10:49 AM EDT
    Reply

    "....he will make the case that he needs four more years to undo the damage left by George W. Bush"

    Is this a parody on Saturday Night Live? Is this for real?

    Good luck with that campaign theme....

    "I failed miserably in my first four years with the economy, but trust me, by year 8 , we just may be able to undo the Bush damage..."

    • 5 votes
    Reply#3 - Wed Jun 13, 2012 10:18 AM EDT

    No Bob he will make the case, I've had to put up with a do nothing congress that blocks everything for four years. In the next four years we will reverse that and get America back on track despite the do nothing congress of the past four years.

    • 2 votes
    #3.1 - Wed Jun 13, 2012 10:52 AM EDT

    See hueydriver9id, that post shows you don't know what your talking about, Yes the Democrats had the majority in the house and senate for the first two years, but the tea people Koch republicans filibustered every bill sent to the senate. So the senate is where the do nothing congress started, and Boenher and McConnell continued and expanded it after the 2010 elections.

    How do you define the Obama administration MO? Can you honestly state that the American population overall is better off today than before the Obama election? Are you seeing the Hope and Change you voted for?

    Yes to all your talking point questions hueydriver9id. I define the Obama administration as accomplishing a lot with out the help of the do nothing congress. Yes the American population overall is better off today than before the Obama election, remember the country was losing over 800,000 jobs a month before the election, after the election the country has had 24 straight months of job creation without the help of the do nothing congress. Yes I am seeing the hope and change I voted for, hoping the voters are smart enough to not vote for another do nothing congress, and looking forward to the change in the do nothing congress to one that puts the good of the country ahead of politics. What are you looking forward to hueydriver9id, going back to 2008 when we were losing over 800,000 jobs per month?

    • 1 vote
    #3.3 - Wed Jun 13, 2012 2:03 PM EDT
    Reply

    In looking at facts and figures, the national debt increase is normal spending that has been in place even before Obama took office. So he is responsible for no increase.

    The right wing is selling the big lie. Truth be told, tax cuts we couldn’t afford and two unfunded wars were a main cause of national debt increase.

    And if people are silly enough to believe Romney or Ryan on their budget plan, in which more tax cuts and spending cuts are the answer, then they really are fools.

    Let’s all think back to September 2008 and the financial storm that had developed and the whole government and the rest of the world that was unraveling in financial markets. The jobs were going down so fast that and the United States had suffered the worst crisis sense the great depression.

    Then Obama takes over on January 20, 2009, and suddenly it’s his fault. No way! Obama stepped into this storm on the brink of depression and Obama has done a GREAT job of turning the country around.

    I honestly have to say anyone that doesn’t recognize this fact is pretty out of touch with reality, and living in “Rush World.”

    • 4 votes
    Reply#4 - Wed Jun 13, 2012 10:35 AM EDT

    Playing the "blame game" solves NOTHING Job1. That does, however, appear to be Obama's strategy because our inept leader is still clueless about the things holding back our country.

    Obama's answer to "turning this country around" was to create yet another expensive, massive explosion of parasitic government through his ego-driven Obamacare. That act alone put our economy into the refrigerator and CHILLED prospects for a strong rebound.

    • 4 votes
    #4.1 - Wed Jun 13, 2012 10:45 AM EDT

    Actually, the facts show that the Republicans are holding up the show in order to make the President a one term guy. It's pretty sad!

    • 2 votes
    #4.2 - Wed Jun 13, 2012 10:51 AM EDT

    Jim has trouble seeing the forest for the trees Job1. Or to be more specific, he can't see the truth through all the hate.

    • 2 votes
    #4.3 - Wed Jun 13, 2012 10:55 AM EDT
    Comment author avatarKeisha Jacksonvia Facebook

    Actually, the facts show that the Democrats, who ran the ENTIRE Congress for the majority of Obama's Democrat presidency, will not allow anything from the (now) Republican-controlled House to pass through the Democrat-controlled Senate. Not that Obama needs any help being turned into a one term President, he does a spectacular job on his own. It's pretty sad!

    • 1 vote
    #4.4 - Wed Jun 13, 2012 1:48 PM EDT

    will not allow anything from the (now) Republican-controlled House to pass through the Democrat-controlled Senate. Not that Obama needs any help being turned into a one term President, he does a spectacular job on his own. It's pretty sad!

    Care to expand on what "anything" means Keisha? You do know why this congress is called the do nothing congress don't you?

    What is pretty sad Keisha is you not having a clue what the tea people Koch republican talking points your posting mean.

    • 1 vote
    #4.5 - Wed Jun 13, 2012 2:15 PM EDT
    Reply

    Mitt should do us a favor and get Paul Ryan on board. This will help our country as we can then hammer out a budget with Paul out of the way. And with a working budget at hand we might even convince S&P to give us back our old AAA rating.
    Moreover, with Paul as VP the Tea Party will have no more qualms about a Romney presidency. Neither will the Republican conservative base that absolutely abhors Keynesian Economics. This leaves only the Independents. However Paul with his clear thinking should be able to get them off the fence as well. After all, our problems aren't difficult. It's only President Obama and the Democrats who make them seem that way.
    Isn't that right Mitt?

      Reply#5 - Wed Jun 13, 2012 12:32 PM EDT
      Comment author avatarKeisha Jacksonvia Facebook

      The Obama administration is now well known for leaking critical US secrets that gets foreign spies thrown in prison while getting other ones killed; apparently someone leaked an outline of Obama's speech:

      1. Blame Bush for everything up to this point

      2. Blame Europe for everything that happens from this point forward

      3. Avoid all responsibility and go play endless rounds of golf

      4. Ignore disastrous economy & attend lavish Hollywood fundraisers at George Clooney's mansion

      5. Spend over $10 million taxpayer dollars EACH YEAR on luxurious vacations

      • 1 vote
      Reply#6 - Wed Jun 13, 2012 1:43 PM EDT

      You do know that Cheney/Bush leak CIA agent Valerie Plame for political purposes. Oh that's right if Cheney/Bush did it, it doesn't matter.

      WOW Keisha you need to think for yourself and quit just parroting the tea people Koch republican talking points. Do you have a clue what any of those five talking points mean?

      • 2 votes
      #6.1 - Wed Jun 13, 2012 2:22 PM EDT
      Reply

      The current policies of this president show no leadership in solving the hard issues/questions other than taking from Joe to pay Paul or using money we don't have (increase the Debt our children to pay back). I think they call this policy "Kicking the can down the road". Great leadership in answering the hard questions.

        Reply#7 - Wed Jun 13, 2012 2:15 PM EDT

        Blame is a sign of desperation. The current president is unable to build coalitions to solve the hard questions/issue so he rather spend his time dividing americans with his continuous unaccountability and blame (bush, rich cat bankers, rich in general, europe, internet, cash machines, public sector unemployment). James Carville is even trying to provide some reality for this president. He needs to take heed.

        http://www.newsmax.com/Politics/Carville-Obama-economicgrowth/2012/06/13/id/442218

        • 1 vote
        Reply#8 - Wed Jun 13, 2012 2:37 PM EDT

        You mean the way you guys blame everything on Obama?

        • 1 vote
        #8.1 - Wed Jun 13, 2012 3:13 PM EDT
        Reply

        @pig, true, mo

        I have to laugh at you fisty & fiends; Your erudite deity god-man barak obama with the help of david axelrod is/are imploding his own campaign. His landslide loss to President Romney moment is scheduled for November 6th 2012. Sorry if the liberal loss of the house in 2010 and the up and coming loss of the Senate majority & the change in the Executive dept. in January causes you any mental distress or anguish. However our country Can not and will not allow this Falsehood & Destruction of the Great American Dream to continue. Not to worry though there will be programs in place to help you mitigate the feeling of betrayal that you will inevitably experience from the realisation of how you have allowed yourself to be deceived.

        VOTE, THE WILL OF THE PEOPLE=NOBAMA 2012 he he,,, he ha ha ,,,, ha donkey

          Reply#9 - Thu Jun 14, 2012 6:05 AM EDT
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