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Wednesday, September 8, 2010

A fired up Obama blasts repugicans and Boehner (by name)

Obama was in Cleveland, Ohio today and delivered one of his "fired up" kind of speeches. He blasted the Republicans and called out John Boeher (the tan who could be Speaker) by name eight times.

Obama laid down the gauntlet on the Bush tax cuts. Would be good to see more of this Obama on the campaign trail and in the White House.

From the transcript:
I’ll give you one final example of the differences between us and the Republicans, and that’s on the issue of tax cuts. Under the tax plan passed by the last administration, taxes are scheduled to go up substantially next year -- for everybody. By the way, this was by design. When they passed these tax cuts in 2001 and 2003, they didn’t want everybody to know what it would do to our deficit, so they pretended like they were going to end, even though now they say they don't.

Now, I believe we ought to make the tax cuts for the middle class permanent. (Applause.) For the middle class, permanent. These families are the ones who saw their wages and incomes flat-line over the last decade -– you deserve a break. (Applause.) You deserve some help. And because folks in the middle class are more likely to spend their tax cut on basic necessities, that strengthens the economy as a whole.

But the Republican leader of the House doesn’t want to stop there. Make no mistake: He and his party believe we should also give a permanent tax cut to the wealthiest 2 percent of Americans.

AUDIENCE: Nooo!

THE PRESIDENT: With all the other budgetary pressures we have -– with all the Republicans’ talk about wanting to shrink the deficit -- they would have us borrow $700 billion over the next 10 years to give a tax cut of about $100,000 each to folks who are already millionaires. And keep in mind wealthy Americans are just about the only folks who saw their incomes rise when Republicans were in charge. And these are the folks who are less likely to spend the money -- which is why economists don’t think tax breaks for the wealthy would do much to boost the economy.

So let me be clear to Mr. Boehner and everybody else: We should not hold middle-class tax cuts hostage any longer. (Applause.) We are ready, this week, if they want, to give tax cuts to every American making $250,000 or less. (Applause.) That's 98-97 percent of Americans. Now, for any income over this amount, the tax rates would just go back to what they were under President Clinton.

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