Obama is the True George W. Bush "Clone" On Failed Economic Policy

So apparently Mr. Michael Medved, of Newsweek, believes that the president has brought us back to the brink of economic failure, like former president, George W. Bush. According to the article from the Daily Beast, Obama's policies have a lot in common with Bush's policies.

Bush is known as the president that brought America into the recession in 2008. The 43rd president of the United States, cut taxes and raised government spending after inheriting the surplus from Bill Clinton's presidency.

 

 

During Obama's first term, the national debt increased by more than $6 trillion and the government spending rate is currently at 24.3%.

 

The article does encourage people to give Mitt Romney a chance. "In terms of spending, Romney not only promises a legally mandated spending cap of 20 percent of GDP (which would require massive cuts in most federal programs) but also faces a radically different situation that would make it impossible for him to duplicate the spendthrift excesses of either Obama or Bush," Medved stated in his article.

 

The overall message of this article is slightly bias because it compares two different presidents in a very negative light. This article is on Newsweek's website, The Daily Beast. Or you can just click here to read the full article with more statistics and information.

Obama Criticizes Romney on China and Jobs

Barack Obama paid a visit to Bowling Green, Ohio today. Coincidentally, Obama's visit occured on the second day of Mitt Romney's bus tour of Ohio.

 

During his speech at Bowling Green State University, he acknowledged Romney's comments about China. Romney has been known to profit from companies that outsource jobs to China. This means that American jobs are sent to China because of cheaper labor.

Obama also mentioned the 47 percent comments as well. “I don’t think we can get very far with leaders who write off half the nation as a bunch of victims,” Obama stated.

 



 

Ohio is a key battleground state so each candidate is campaigning hard in this state to attract voters. This week is important because early voting starts on October 2nd (six more days). Polls currently show Obama in the lead in this state and with early voting starting soon, Obama is trying to gain those who vote early so they can be out of reach for Romney.

 

In a few days, Mitt Romney will be going dark in order to prepare for the first presidential debate. However, the bus tour was Romney's last campaign push before his debate preparations. Romney was also in New York on Tuesday where he spoke before the Clinton Global Initiative. The topics of choice were development issues and foreign aid.

 

My source was the New York Times. The article that I used has some more information that is interesting so check it out.

 



Meet the Press on Sunday, September 23

Did anyone watch Meet the Press today? I tuned in to see the discussion about the release of Mitt Romney's tax return, the debate over the 47% comments and government dependence.

 

The discussion on Romney's tax return included Kelly Ayotte, Republican Senator for New Hampshire, and Deval Patrick, Democratic Governor of Massachusetts. Mitt Romney's 2010 tax return was released recently and it shows that he paid a 14% tax rate while being unemployed. However the percentage is lower than the 20% tax rate that the average American pays.

The presidential candidate is promoting cutting Medicad, but does not want to raise taxes on the rich.

As you can see, there is an estimated 47 million people using food stamps now. In 2008, this amount was much lower, at about 28 million people. The new question that arises is if government dependence is out of control.

 

There is also a brief discussion on unemployment amongst African Americans, which is currently at 14%.

"... We see more people with health care in this country than ever before. More private sector jobs in the last two years than in the preivous eight. We've seen the automobile industry saved. We've seen the financial industry saved. We've seen the country brought back from the brink of depression..." (Deval Patrick, Dem. Governor of Massachusetts)

 

 

The next topic of interest, which was brought up at the Roundtable, was the Battleground polls and Romney's campaign. The current polls(which can be seen here), show a major difference between Romney and Obama.

 

Romney's campaign might be in trouble because of his unflattering 47% comments.

Bay Buchanan defends the Romney campaign, stating,"This is a man who has spent a life serving others. That is the bases of what he believes, and he has given."

 

You can watch the full broadcast of today's Meet the Press and listen to the debates and discussions that I have covered.

Obama Allies Continue to Push Secret Romney Video

So for those of you that have not heard, an unauthorized video of Mitt Romney, speaking negatively about the Americans that don't pay taxes, was released yesterday.

 

 

Above is the video where Romney criticizes the 47% of Americans that do not pay taxes. A few hours after the video was leaked, a press conference was organized by the Romney campaign. During this conference, Romney explained his statement and told the press that he stands by his statement even though it could have been stated more "elegantly." Romney also tried to turn this slight disruption into a debate by using a video clip, from 1998, of Obama stating that he favored government redistribution of wealth.

 

 

Romney's intial comment about the "47 percent" was not what caught the attention of millions across America. He goes on to speak negatively, stating that the 47% think they are victims and are entitled to government handouts.

 

 

However, some Republicans disagree with Romney's comments. The Republican candidate for a Senate seat in Connecticut, Linda McMahon, stated on her website, "I disagree with Governor Romney's insinuation that 47 percent of Americans believe they are victims who must depend on the government for their care."

 

Romney is slowly losing his supporters, and this could possibly affect his chances of winning the presidential election.

 

To read more about this event, you can go to U.S. News and World Report and here is the article that I read.

 

 

Obama and Romney argue about U.S. decline

Romney and Paul Ryan claim that Obama has enforced policies that have reduced U.S. world ranking. However Obama defends his policies stating, "No matter how much the other side -- for political reasons -- tries to paint things as bleak, dont believe them. There is not another nation on Earth that wouldn't trade places with us."

However, Romney and Ryan have their own opinions about the president's policies and the effects they have on our world ranking. Romney and Ryan continuously use the unemployment rate for their evidence of U.S. decline. For those of you that don't know, the unemployment rate has been above 8% for 43 consecutive months. To see the graphical data click here.

"I think that president Obama has placed us on a path to decline. Four budgets, $4 trillion deficits, 23 million people struggling to find work, the highest poverty rates in a generation, nearly one out of six Americans in poverty," stated Ryan on ABC's This Week.

Ryan and Romney's accusations could cause a slight change in the polls. People might want to look at the unemployment rate as well as other policies that Obama has enforced. USA Today was my main source(here is the article if you want to check it out). The author was pretty unbiased for the most part, using both parties words to back up the article.

Until next time...

$575 Million Spent on Presidential Ads-- So far!!

Who knew presidential advertising costed so much? Obama and Romney have been spending millions of dollars on presidential ads in the twelve swing states since March 19th. The twelve swing states and their ad totals are:

1. Florida --$117.4 million
2. Ohio --$112.1 million
3. Virginia --$85.7 million
4. North Carolina --$56.5 million
5. Colorado --$54.2 million
6. Iowa --$46.6 million
7. Nevada --$38.2 million
8. New Hampshire --$25.3 million
9. Pennsylvania --$19.3 million
10. Wisconsin --$8.1 million
11. Michigan --$8 million
12. Minnesota --$3.2 million

So as you can see Florida, Ohio, and Virginia are the top three states. Obama is leading in Florida and Ohio and Romney is leading in Virginia, but not by much.

Here is one of the ads from the Romney campaign:

Here is some of the infamous slandering that we have all encountered during past presidential elections. Now for an ad from the Obama campaign:



Obama has had help with these ads from the super PACs. The super PACs are companies that raise money to work with (or against) presidential candidates (this is new information to me).

These ads may help each candidate get exposure in swing states, but I think they could be doing something more productive with the millions of dollars they are wasting on ads that make each other look bad. Instead of wasting that money to destroy each other's reputations, they should use that money to fund some sort of small community project in the swing states.

To see where I found my information feel free to click this link. Here is another link that provided an anaylsis of the presidential ads.