Earlier today, Speaker John Boehner spoke to the Peter G. Peterson Foundation’s 2012 Fiscal Summit. Here’s a few of the highlights of his plan from the Speaker’s website, along with commentary, of course (emphasis in original):
In remarks this afternoon to the Peter G. Peterson Foundation’s Annual Fiscal Summit, House Speaker John Boehner (R-OH) will renew his commitment to the principle he set forth at the Economic Club of New York one year ago – noting that the debt limit exists to force Washington to deal with its fiscal problems, and that any increase in the nation’s debt limit must be accompanied by spending cuts and reforms larger than the amount of the debt limit hike.
This is why Obama is suddenly attacking Romney on his time at Bain:
A new national telephone survey finds that 51% of Likely U.S. Voters trust Romney more than Obama when it comes the economy, while 39% trust the president more. Ten percent (10%) are undecided. (To see survey question wording, click here.)
More bad news for the Obama campaign, and a good explanation of why they’re trying to talk about anything except Obama’s economic record.
Thirty-six percent (36%) of all adult consumers now believe the U.S. economy is getting better while 46% believe it is getting worse. Those results are a bit weaker than results from just before the jobs report.
More bad news for the Obama camp from Rasmussen:
Forty-three percent (43%) of Likely U.S. Voters consider themselves conservative when it comes to issues such as taxes, government spending and business regulation, according to a new Rasmussen Reports national telephone survey. Nearly as many (40%) say they are fiscal moderates, but just 13% call themselves fiscally liberal.
Gas may be pricey (and getting more pricey by the day), but a statement like this one is priceless:
Department of Interior Secretary Ken Salazar said that “no one knows” if gasoline prices in the United States will reach $9 per gallon, and acknowledged that the possibility is outside his control.
The line is probably one of the most important for Reagan’s victory over Jimmy Carter: “Are you better off now than you were four years ago?“
“Four years ago Barack Obama dazzled us in front of Greek columns with sweeping promises of hope and change,” Romney says in his remarks. “But after we came down to earth, after the celebration and parades, what do we have to show for three and a half years of President Obama?”
In an homage to the political mantra of Ronald Reagan – “Are you better off than you were four years ago?” – Romney sought to appeal to average Americans.
It’s almost like he wanted the economy to tank again… or is that still?
The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses.
After five years, the CBO says the Obama proposals would reduce economic output by between 0.5 percent and 2.2 percent.
At first glance, this seems to be a bit contradictory, but it does sort of make sense:
President Obama holds a thin 46 percent to 42 percent lead over former Massachusetts Gov. Mitt Romney in a Quinnipiac University national poll released Thursday, even as voters give the Republican a major edge on such key issues as the economy, jobs and gas prices.
The president has a ten-point edge with women voters, 49 percent to 39 percent. But Mr. Romney is viewed as better on a number of pocketbook issues that both sides agree could be critical come November. On the economy, according to the survey, voters rate Mr. Romney as the better candidate by 56 percent to 38 percent.
Given that this election is almost certainly going to hinge on economic issues, this poll result gives me hope:
Voters now have more confidence in presumptive Republican nominee Mitt Romney than in President Obama when it comes to the economy, but on other major issues facing the nation, the two men continue to run nearly even.
The latest Rasmussen Reports national telephone survey asks Likely U.S. Voters whom they trust more on five key issues, and when it comes to the economy, 49% say Romney versus 39% who trust the president more. Twelve percent (12%) are not sure.
Wasn’t it Al Gore who once said, everything that should be up is down, and everything that should be down is up? That pretty much sums up the economic news these days.
Experts expect prices to jump 10 to 20 cents over the next few weeks before spiking in mid-May at around a record-breaking $4.25 a gallon.
When Reagan was running against Carter, I remember that one of the Gipper’s slogans was, “Are you better off now than you were four years ago?” (Or something to that effect. Yes, I am old enough to remember that, but I wasn’t old enough to vote till Reagan’s re-election campaign. You should be able to get a good general idea of my age from that, if you’re curious.)
Obama seems to be trying to be Reaganesque here, but all he’s really doing is giving the GOP a sound bite to use in ads against him.
Rick Perry has unveiled his economic plan, and it’s likely to pick up the nickname 20-20, from the 20% personal and 20% corporate flat tax rates. However, it has a lot more to it, as the campaign website shows:
The current economic problems faced by so many Americans were created by years of wasteful mismanagement and incompetent central-planning and cannot be fixed overnight. To be sure, there are a number of things that can be done by the president on day 1 to begin the process of restoring the American economy. But the reforms necessary to fix the broken tax and regulatory code, balance the budget, and grow the economy for the long-term will take some time and patience. Their implementation requires a clear plan, consistent leadership, and sustained resolve.
I guarantee it’s going to be a close election because the economy is not where it wants to be and even though I believe all the choices we’ve made have been the right ones, we’re still going through difficult circumstances. That means people who may be sympathetic to my point of view still kind of feel like, yeah, but it still hasn’t gotten done yet. This is going to be a close election and a very important one for the American people. The thing I hope the most is that everyone is going to be paying close attention to the debate that takes place because it could determine not just what happens over the next four years, but what’ll happen over the next 20 or 30 years.
Yes, even the AP has decided that Obama isn’t always truthful:
In challenging Republicans to get behind his jobs bill Thursday, President Barack Obama argued Republicans have supported his proposals before, demanded that they explain themselves if they oppose him, and challenged others to come up with a plan of their own. The rhetoric in the president’s quick-moving press conference dodged some facts and left some evidence in the dust.
Herman Cain just demonstrated the time-honored political tradition of “open mouth, insert foot.“
“Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!” Cain said. “It is not a person’s fault because they succeeded, it is a person’s fault if they failed. And so this is why I don’t understand these demonstrations and what is it that they’re looking for.”
Once in a while, Joe Biden has the wonderful quality of opening his mouth and speaking the absolute truth, to the detriment of his own party. This is such a time.
Biden said Americans have “good reason to be upset” because they lost jobs because of the recession, “something they didn’t have a thing to do with creating.”
Gotta love it. Since President Obama hasn’t yet–nearly a week after his address to both houses of Congress–delivered the text of his “American Jobs Act,” Rep. Louie Gohmert (R-TX) decides to name his own bill the American Jobs Act.
The American Jobs Act introduced in the House of Representatives looks quite different from the version President Obama outlined in his speech to Congress. Instead of hiking taxes on working Americans to pay for another stimulus, Rep. Louie Gohmert’s (R-TX) legislation offers a tax cut.