AEIdeas

The public policy blog of the American Enterprise Institute

Subscribe to the blog

Discussion: (8 comments)

  1. Max Planck

    “2. Obama shouldn’t bear responsibility for most of the debt accrued during the past four years since “tax cuts, wars, and a recession” weren’t Obama’s policies.”

    That’s damn right, Jim. And all of the facile rubbish you post will never erase the stain of the damage the GOP and its stooges caused by looting the American people.

    1. My,what a well-reasoned critique.

      1. Max Planck

        Thanks.

    2. …never erase the stain of the damage the GOP and its stooges caused by looting the American people“….

      Did you pull that amazing precis out of your private library?

      1. Max Planck

        That post was an exemplary example of your reasoning skills. I’ve seen six year olds with more maturity.

  2. Jon Murphy

    2. Obama shouldn’t bear responsibility for most of the debt accrued during the past four years since “tax cuts, wars, and a recession” weren’t Obama’s policies.

    This is really quite a stupid statement and I am actually surprised the CAP made it.

    As demonstrated by this study, tax rates have little effect on overall government revenues. There is a short-term jump/decline when the hike/cut is first passed, but then revenues return to their normal place (about 18% of GDP). So, to say that tax cuts are responsible for the debt is quite stupid. Spending is responsible, not revenues.

    Furthermore, I know of no president who would make “recession” a policy point. George Bush didn’t do it. Bill Clinton didn’t do it. Politicians may pass policies that are harmful economically (CRA, Fannie Mae, Freddie Mac, DOMA, ARA, Obamacare, and tariffs all come readily to mind), but their goal is not to cause a recession. The government does deserve blame for every penny of debt accumulated because of the recession because it was the action they chose to take.

    Finally, this is the second main reason why I cannot vote for President Obama (I voted for him his first term). Aside from the serious moral issues I have with his style of management and solutions to problems, the man refuses to take responsibility for his actions. It is always someone else’s fault: the Republicans, Bankers, Wall Street, the 1%, China, George Bush, Congress, the Tea Party, Mexico, etc. If he was any sort of leader, he would take responsibility rather than passing the buck. As Harry Truman said “the buck stops here.” It’s about time for the President to start acting like a president and take responsibility. The President clearly thinks he has the ability to shift the economy. What he should do is this: he should come on tv, look at the camera and say “My fellow Americans: I realize that, despite gains over the past 4 years, things are still tough. I apologize. I did not do everything I could have done to rectify the economic situation. If you are willing to give me another 4 years, I will redouble my efforts and get us going again.” I think, if he would do that, he could win back much of the voters who flocked to Romney after the debate. I know a lot of people (including his supporters) who are pissed because Obama takes all the credit but none of the responsibility. That is what a leader should do: take responsibility.

    So, the tl;dr version: CAP made stupid comments.

    1. “2. Obama shouldn’t bear responsibility for most of the debt accrued during the past four years since “tax cuts, wars, and a recession” weren’t Obama’s policies.”

      I seem to recall Obama invading Libya, initiating a surge in Afghanistan, extending the Bush tax cuts, payroll taxes, and bragging about his small business tax cuts during the ass-kicking he received last week by Romney.

  3. Pelosi and Reid ran things well before and after the crash.
    If obama wants to blame anyone, he needs to look to his party. He was in the senate and never opposed a spending bill. Never tried to stop all the bad legislation. It was his job to oversight, yet he claims he was shocked at the cliff.
    Your job was to watch then, and still you don’t do your job.

    Juandos: Who did they rob? I know i wasn’t me, as my gun is still loaded and there are no dead bodies.
    Before you go on your 2 wars rant. Obama ended one and deficit hasn’t dropped a penny. How is that possible if the wars were not paid for?

    I would be satisfied with obama telling us what law he thinks the president must abide by. It looks like he wants to set a record and break them all.

Comments are closed.

Sort By:

Refine Content:

Scholar

Additional Keywords:

Refine Results

or to save searches.

Open
Refine Content