At a fundraiser in Oakland, Obama tells us why he's running for a second term:
“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.”
Add this to what Obama said last month: "The private sector is doing fine."
Forty-one straight months of unemployment above 8 percent, 8.2 million people working part-time who want full-time work, a record 88 million Americans not in the labor force, 1.9 percent GDP growth in the past quarter, more bad GDP numbers expected tomorrow, a stagnant housing market, $5 trillion in new debt, the downgrading of the U.S. credit rating, 38 percent of Americans living paycheck to paycheck, 45 million Americans on food stamps, food prices continuing to increase dramatically, the poverty level likely to rise to the highest level in nearly fifty years…
I'm beginning to wonder if we all didn't misinterpret Obama's famous comments after securing enough delegates for the Democratic nomination in 2008. Maybe we took him too literally, and should have read between the lines? Let's look at it again in the context of Obama's view on the economy today:
"I am absolutely certain that we will be able to look back and tell our children that this was the moment when the rise of the oceans began to slow [you know, the one that is said to lift all boats]."
Obama's plan worked!