Obama on the economy: ‘We tried our plan — and it worked’

[WestVirginiaRebel]

Washington Examiner:

Discussing his economic policies at a fundraiser in Oakland, California, last night, President Obama, told supporters that “we tried our plan — and it worked.”

“We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech. “That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”

Obama made these comments in Oakland, where the unemployment rate was 13.7 percent in May 2012. The national unemployment rate is 8.2 percent — up from 8.1 percent in May — for the second straight month.

To prove that his economic plans have “worked,” Obama cited the auto industry bailouts. “I refused to turn my back on a great industry and American workers,” he said. “Three years later, the American auto industry has come roaring back.”

Obama’s auto bailouts aren’t the unalloyed success he describes. “President Obama’s auto task force pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded,” The New York Times reported in 2010, based on an audit. “The report … estimated that tens of thousands of jobs were lost as a result.”

The Washington Examiner’s Conn Carroll also observes that Obama bailed out union pensions, while neglecting non-union workers, and decided not to follow the law by paying certain creditors — and still didn’t save money.

“All told Obama’s violations of bankruptcy law made the bailout of GM and Chrysler $26.5 billion more expensive than it had to be,” Carroll explained recently. “And according to Obama’s own Treasury Department, taxpayers stand to lose $23 billion if GM stock were sold today.”

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Obama's plan worked-for his cronies...

[clearvision]

He is going to try (with the media's help) say it has worked... how much worse it could be if not for HIM.

[pollyannaish]

Makes me wonder what his goals were.

[logicnreason]

It is most unfortunate that the msm remains leftist. Print, radio, and TV at worst support, and at best, are neutral toward the stain and his regime.

Even FOX...the supposed right leaning network....has one of the most race baiting, leftist, defensive, cry-baby "journalists" on it's paid staff - Juan Williams. I suppost this is how they spin themselves as being "fair and balanced". Utter nonsense.

 

The only major force standing up against the msm is the Tea Party....and they really have no national "voice" other than elections. They certainly get coverage from the msm....all negative to be sure....but coverage.

 

This November is going to be very interesting.

[Pepper]

"Obama on the economy: ‘We tried our plan — and it worked’"

 

I will take whatever he's drinking or using.

[Draggingtree]

Obama on the economy: ‘We tried our plan — and it worked’

[Valin]

Obama on the economy: ‘We tried our plan — and it worked’

 

Now Now Now...We must admit, it's worked real good for him!

 

 

[Argyle58]

I can't see how they intend to sell this " it worked " strategy to a majority of the voting public. We are the ones who have had to try and survive his idea of success.