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July 27, 2012

It Worked?

The RNC's new ad ripping Obama's claim that "our plan" worked appears below the fold.

The MFM is in full-on defense to try and keep this latest case of foot-in-mouth disease from blowing up like "the private sector is doing just fine" and "you didn't build that" by claiming ... wait for it ... that he was taken out of context.

See, "our" refers to the Obama/Clinton plan. Whatever that is.

Now it's true that Clinton raised marginal tax rates during his term just like Obama wants to do (at least on the eeevilll rich), but Clinton's spending impulses were also held in check by the GOP House takeover in 1994. And the shrinking of the budget deficit towards the end of his presidency benefited enormously from the one-time impact of the dot-com bubble.

Now along comes Obama to claim that "our plan", meaning Clinton's success and his abysmal failure to date, somehow average out to an overall net positive. If I were Bill Clinton, I'd be asking Obama, "what do you mean we"?

Unfortunately for Obama, voters aren't going to Clinton-era polling places with full employment and an economy riding a wave of irrational exuberance.

They're going to the polls to cast a referendum on his 40+ months of 8+% unemployment, anemic GDP growth, trillion+ dollar deficits, 30%+ increase in national debt and loss of our AAA credit rating.

But I wish him the best of luck.

In retirement, I mean.


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posted by Andy at 03:58 PM

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