Obama: GOP Pledge ‘Same Worn Out Philosophy’ (Video)

September 25, 2010

(ChattahBox Political News)–President Obama took direct aim at the Republican’s “Pledge to America” in this week’s national address, calling it a repeat of the same “worn out philosophy” that nearly destroyed our entire economy. What is that philosophy? Cozying up to corporate lobbyists, while cutting taxes for the wealthiest two percent of all Americans and allowing the middle class to flounder. Republicans want to turn back the gains made by the Obama administration, to return to a dysfunctional government of fewer regulations protecting average consumers. Obama calls the GOP Pledge, “an echo of a disastrous decade we can’t afford to relive.”

The Republican blueprint was widely panned by both Republicans and Democrats, as an embarrassment for a Party that expects to regain congressional power after the November elections. Their prescription for the future boils down to adding to the ballooning deficit, with unpaid tax cuts for the super rich and increased missile defense spending rejected by military commanders as unnecessary. And corporate special interests will be catered to at the expense of middle class Americans.

A former corporate lobbyist hired by Rep. Boehner (R-OH) even authored the GOP’s “Pledge to America.”

President Obama in his address, points out that Republicans created the website “America Speaking Out” to give Republican constituents a voice. But the most popular suggestion on the website is being ignored by Republican leaders, because it goes against the interest of their true masters: big corporations.

Now, the Republicans who want to take over Congress offered their own ideas the other day. Many were the very same policies that led to the economic crisis in the first place, which isn’t surprising, since many of their leaders were among the architects of that failed policy.

It is grounded in same worn out philosophy: cut taxes for millionaires and billionaires; cut the rules for Wall Street and the special interests; and cut the middle class loose to fend for itself. That’s not a prescription for a better future. It’s an echo of a disastrous decade we can’t afford to relive.

The Republicans in Washington claimed to draw their ideas from a website called “America Speaking Out.” It turns out that one of the ideas that’s drawn the most interest on their website is ending tax breaks for companies that ship jobs overseas.

Funny thing is, when we recently closed one of the most egregious loopholes for companies creating jobs overseas, Republicans in Congress were almost unanimously opposed. The Republican leader John Boehner attacked us for it, and stood up for outsourcing, instead of American workers.

The President notes Republican lawmakers are not listening to the American people. And while they screech about the deficit to deny unemployment benefits to jobless Americans, it’s perfectly fine to add $700 billion to the deficit to cut the taxes of the rich.

So, America may be speaking out, but Republicans in Congress sure aren’t listening. They want to put special interests back in the driver’s seat in Washington. They want to roll back the law that will finally stop health insurance companies from denying you coverage on the basis of a preexisting condition. They want to repeal reforms that will finally protect hardworking families from hidden rates and penalties every time they use a credit card, make a mortgage payment, or take out a student loan.

And for all their talk about reining in spending and getting our deficits under control, they want to borrow another $700 billion, and use it to give tax cuts to millionaires and billionaires. On average, that’s a tax cut of about $100,000 for millionaires.

Instead of cutting taxes for the wealthiest few – tax breaks we cannot afford – I’ve called for tax cuts for middle class families who saw their incomes shrink by five percent during the last, lost decade. We’ve already cut 8 different taxes for small business owners to help them hire and grow, and we’re going to cut 8 more. We’re challenging our states and schools to do a better job educating our kids and making college more affordable so America can once more lead the world in the proportion of our kids graduating from college. And we’re putting an end to the days of taxpayer-funded bailouts so Main Street never again has to pay for Wall Street’s mistakes.

President Obama laid out the choice in November in simple, stark terms. A vote for Republicans is a vote for a return to the failed Bush policies that nearly drove our country into a ditch. And it’s a vote for special interests and corporate lobbyists.

That’s your choice. It can’t be any clearer. The Republicans even put it in writing, in case you have any doubts.

The full text of Obama’s address can be found here.



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