Obama’s ‘Debt Reduction Class Warfare’ Plan: Romney “He Has No Clue”


President Obama: “… you don’t raise taxes in a recession.” (President Barack Obama, 8/5/09)


U.S. President Barack Obama announced $3 trillion long-term deficit reduction plan, including $ 1.5 trillion tax increase plan. (Forex Currency Trading News 9/20/11)

I’ll throw this in for good measure - Obama’s own words:

Perhaps President Obama thought that delivering his deficit reduction speech outside in the White House Rose Garden on Monday would perfume his populist odoriferous reversal on raising taxes during a ‘recession’ (no specifics on entitlements):

From Obama’s speech (transcript):

Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both.

Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both.

This is not class warfare. It’s math. (Laughter.)

Data reveals a different story than Obama is telling. The rich do pay considerably more in taxes:

There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. But that’s less than 1 percent of the nearly 237,000 returns with incomes above $1 million.

This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank.

Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes.

Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.

Let’s close tax loopholes and enforce laws already on the books so the 1% of the wealthy who are gaming the system no longer get away with it. What Obama isn’t saying is that his claims about high-income Americans are based on money invested – income that has already been taxed.

After Obama’s speech, Mitt Romney issued the following statement on Obama’s plan to raise $1.5 TRILLION in taxes:


“President Obama’s plan to raise taxes will have a crushing impact on economic growth. Higher taxes mean fewer jobs – it’s that simple. This is yet another indication that President Obama has no clue how to bring our economy back. I encourage President Obama to look at my detailed economic plan to create long-term growth and prosperity for our nation. The only way to get our economy moving again is to elect a president who understands how to create jobs and rein in spending – that is why I am running.”

(link added)

Rep. Paul Ryan (R-WI) added his voice to the burgeoning criticism of Obama’s deficit-reduction plan.

Ryan slammed Obama’s new tax rate for millionaires as “class warfare.” Class warfare…may make for really good politics but it makes for rotten economics. We don’t need a system that seeks to divide people,” Ryan argued.

Believing that Republicans won’t support tax increases, Obama’s reelection plan debt reduction plan employs ‘the rich should pay their fair share’ class warfare rhetoric he hopes will save the day for him come November 2012. He sees the writing on the wall:

Americans Say Federal Gov’t Wastes Over Half of Every Dollar

A new Gallup survey reveals that Americans believe that the government wastes more than half of every $1 that it spends. President Obama’s solution? To ask for $1.5 trillion more.

Why Obama should withdraw

When Ronald Reagan ran for re-election in 1984, his slogan was “Morning in America.” For Barack Obama, it’s more like midnight in a coal mine.

The sputtering economy is about to stall out, unemployment is high, his jobs program may not pass, foreclosures are rampant and the poor guy can’t even sneak a cigarette.

His approval rating is at its lowest level ever. His party just lost two House elections — one in a district it had held for 88 consecutive years. He’s staked his future on the jobs bill, which most Americans don’t think would work.

If Obama wasn’t president, we would be ‘marching on the White House’

Unhappy members of the Congressional Black Caucus “probably would be marching on the White House” if Obama were not president, according to CBC Chairman Rep. Emanuel Cleaver (D-Mo.).
CBC members have expressed concern in recent months as the unemployment rate has continued to rise amongst African-Americans, pushing for Obama to do more to address the needs of vulnerable communities.

What should the White House do now? James Carville, Democratic strategist says “PANIC!”

(emphasis added to articles)

► Jayde Wyatt

Obama’s Rank & File Rumbling, Romney’s Message as President’s Magical Misery Tour Ends

As Obama’s Magical Misery Bus Tour comes to an end, Governor Mitt Romney summarizes the president’s policy results:

We would not have seen the president on a bus tour had his first 940 days in office been successful. President Obama has not gotten the job done and his policies have failed. He’s hoping that by going on a three day bus tour he can make up for hundreds of days of failure.”

● With 71% of Americans down on Obama for his handling of the economy, our food stamp president talked fast and loud while in Iowa, Illinois, and Minnesota. He really wanted us to know about all the bad goings-on in D.C. and how it’s messed him up…

The way he described those D.C. political shenanigans, who would want to spend $745 million of someone else’s money to get there? Or $1 billion more to stay there? Or pay $37.1 million of others’ money to 464 aides to help him work there.

● Oh, the president is dreaming up a jobs plan - it will gel while he’s toes-up-in-the-sunshine at Martha’s vineyard. Rumors are it includes a 3rd stimulus plan - to build bridges and bail out near-bankrupt states - more Euro socialism economics.


We’ve got over $2 trillion worth of repairs that need to be made around the country, and I know there are some right here in this county and right here in this state. And we’ve got a lot of construction workers that are out of work when the housing bubble went bust, and interest rates are low, and contractors are ready to come in on time, under budget — this is a great time for us to rebuild our roads and our bridges, and locks in the Mississippi, and our seaports and our airports….

I think to myself, you know what, if folks in Washington were carrying out their responsibilities the way you’re carrying out your responsibilities, we’d be just fine. We would be just fine. (Applause.)…

● A couple of days ago (8/16/11), seasoned politician Maxine Waters (D-CA) was in Detroit speaking at a Congressional Black Caucus town hall meeting about JOBLESSNESS. She was confronted by an angry audience on why she and CBC members weren’t confronting Obama over his failed job strategy (unemployment among African-Americans is abysmal - 16.2%.) Listen to this; listen more closely to audience response:

“We don’t know what his [Obama's] strategy is!” - Maxine Waters

● Just a few hours ago, Morgan Stanley issued a full US recession alert (warning also included Euro Zone).

It’s as plain as the nose on America’s unemployed face: Obama isn’t working.

► Jayde Wyatt

UPDATE from Ross ~ I bought one of the T-Shirts MittRomney.com has been promoting all day commemorating Obama’s Magical Misery Tour. After seeing the link to the shirts on Drudge, I can’t wait to see how much money in small donations Mitt has raised today!

Romney Beefs Up Florida & Natl Leadership Teams: Brian Ballard on Board

The Tampa, Florida skyline is reflected in Tampa Bay at dusk. Mitt Romney's statewide campaign office is located here. It's also the site of the 2012 Republican National Convention which will be held during the week of August 27th, 2012.

Mitt Romney made a noteworthy announcement yesterday.

He’s added a Finance Co-Chair to his Florida team and added a member to his National Leadership Team. One person fills both roles; his name is Brian Ballard.


I am proud to announce the addition of Brian Ballard as a Florida Finance Co-Chair and a member of the National Leadership Team for Romney for President,” said Mitt Romney. “Brian’s level of talent, expertise, and enthusiasm characterizes what is needed to beat President Obama in Florida.”

It is an honor to join Mitt Romney’s team in Florida,” said Brian Ballard. “This is the team that will beat President Obama. I look forward to working with Mitt as he campaigns across Florida uniting Americans with the common goal of winning the White House.”

Brian Ballard Is The President Of Ballard Partners, Inc. Ballard has nearly twenty-five years of experience in Florida politics and government affairs. Ballard earned his stripes serving as chief of staff to Gov. Bob Martinez from 1988-1990. In 2008, Brian Ballard served as the McCain for President Co-Chair for Florida/National Finance Co-Chair, as well as the RNC’s McCain Victory Florida Finance Committee Chair and National Finance Co-Chair. He also served as the Inaugural Committee Chairman for Governor Charlie Crist and Inaugural Committee Finance Chairman for Governor Rick Scott. In addition to his work in Florida politics, Ballard taught Florida Government as an adjunct professor at Florida State University. He and his wife, Kathryn, reside in Tallahassee with their three daughters.

Governor Romney was in the Sunshine State for three days in June speaking with worried Floridians and small business owners who are wrestling with the Obama economy. At the time Romney was there, the state unemployment rate was at 10.8%.

Florida Governor Rick Scott has worked hard to lessen the effects of the Obama misery index, but the jobless rate is still too high. Nationally, unemployment numbers for Hispanics have been at 11.6%; African Americans 16.2%. (And, the Congressional Black Caucus isn’t happy about those numbers.) South Florida usually has worse unemployment than other parts of the nation; in May, Miami-Dade’s jobless rate was at 13.4%.

Romney in Tampa, Florida June 16, 2022

Obama has failed Florida.” ~ Mitt Romney June 16, 2022

Ortence Kemp, a nurse’s assistant, lives in Overtown, Florida. She’s one of the more than 14 MILLION Americans who are out of work:

Kemp lost her job in the laundry room at Jackson Memorial Hospital in February — and hasn’t been able to find work since.

Instead, she found three eviction notices on the door of her Overtown home.

Kemp, 48, has an 11-year-old son and runs a youth ministry called Kids on a Quest. She relies on the income her husband earns doing custodial work in Boca Raton, two hours away from where they live.

I do a lot of calling. I go on interviews. But there are no jobs,” she said. “I try to stay encouraged, but it’s very depressing.”

The addition of Brian Ballard to Romney’s teams is welcome news. It also helps to know that former Romney aide Rob Jentgens has formed three ‘jobs’ Super PACS: Jobs for Iowa, Jobs for South Carolina, and Jobs for Florida.

Florida needs a President Romney.

► Jayde Wyatt