An Earlier Victory by President Obama on the American Economy and Protecting American Investors before the Set Back recently on the DISCLOSE Act

An Earlier Victory by President Obama on the American Economy and Protecting American Investors before the Set Back recently on the DISCLOSE Act

Post from Erica Sagrans's Blog:

President Obama on the Republican Economic Agenda: "The same policies that led us into this recession"

By Erica Sagrans - Jul 26, 2010 3:51:39 PM ET

Last week the Republican leader in the House offered his own jobs plan—a plan Talking Points Memo described as "Do Nothing":

House Minority Leader John Boehner outlined the top three measures he'd pursue if he becomes Speaker of the House next Congress to create new jobs. But, those who thought he'd outline specific programs and how they would create jobs were disappointed with a familiar litany of wish-list items: repeal health care reform, eschew climate legislation, and renew the Bush tax cuts.

In other words, repeal a program that largely hasn't yet taken effect; prevent new legislation that is also not in effect; and keep a current tax structure in place.

In this week's address, President Obama challenged Republicans to embrace new ideas to create jobs instead of bringing back the failed policies of the past:

“These are not new ideas.  They are the same policies that led us into this recession.  They will not create jobs, they will kill them.  They will not reduce our deficit, they will add $1 trillion to our deficit.  They will take us backward at a time when we need to keep America moving forward.

“I know times are tough.  I know that the progress we’ve made isn’t good enough for the millions of Americans who are still out of work or struggling to pay the bills.  But I also know the character of this nation.  I know that in times of great challenge and difficulty, we don’t fear the future – we shape the future.  We harness the skills and ingenuity of the most dynamic country on Earth to reach a better day.  We do it with optimism, and we do it with confidence.  That’s the spirit we need right now, and that’s the future I know we can build together.”