Hope reigns again! Obama shatters GOP myths in Ohio speech. ( full video and transcript)
Wednesday, September 8, 2010 at 11:52 Even BlueLyon will love this speech. Ha! Carissa, I love you for keeping it real. I encourage everybody to listen to the full speech as we did. Don’t let the networks pick and choose what you take away from it.
This is the Obama of the campaign trail, and this is where he pulls out the stops - hopefully timing it right so that Boehner and his wrecking crew don’t have time to reframe it before the mid-term election. Now if Harry Reid will sign on with this emboldened Obama … that would be too good, wouldn’t it?
“With all the other budgetary pressures we have -– with all the Republicans’ talk about wanting to shrink the deficit — they would have us borrow $700 billion over the next 10 years to give a tax cut of about $100,000 each to folks who are already millionaires. And keep in mind wealthy Americans are just about the only folks who saw their incomes rise when Republicans were in charge. And these are the folks who are less likely to spend the money — which is why economists don’t think tax breaks for the wealthy would do much to boost the economy.
So let me be clear to Mr. Boehner and everybody else: We should not hold middle-class tax cuts hostage any longer. (Applause.) We are ready, this week, if they want, to give tax cuts to every American making $250,000 or less. (Applause.) That’s 98-97 percent of Americans. Now, for any income over this amount, the tax rates would just go back to what they were under President Clinton.”
President Obama, Parma, Ohio
I have provided the transcript of the speech at the end of this blog post.
From MSNBC:
President Barack Obama strongly defended his opposition to extending Bush-era tax breaks for the wealthiest Americans on Wednesday and delivered a searing attack on Republicans and their House leader for advocating “the same philosophy that led to this mess in the first place.”
