Friday :: Jan 29, 2010

President Obama Flogs Republicans with a Smile


by CA Pol Junkie

President Obama was invited to attend the House Republicans' retreat today in Baltimore. After the initial speech, Obama answered questions from Republicans. It was amazing political theater to watch. Obama was in command of the facts and of the content of Republicans' proposals. He absolutely flogged Mike Pence and Jeb Hensarling for their talking points and failure to be truthful. When Hensarling tried to blame Obama for the deficit, here was Obama's response:

Jeb, with all due respect, I’ve just got to take this last question as an example of how it’s very hard to have the kind of bipartisan work that we’re going to do, because the whole question was structured as a talking point for running a campaign.

Now, look, let’s talk about the budget once again, because I’ll go through it with you line by line. The fact of the matter is, is that when we came into office, the deficit was $1.3 trillion. — $1.3 [trillion.] So when you say that suddenly I’ve got a monthly budget that is higher than the — a monthly deficit that’s higher than the annual deficit left by the Republicans, that’s factually just not true, and you know it’s not true.

And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is we came in with $8 trillion worth of debt over the next decade — had nothing to do with anything that we had done. It had to do with the fact that in 2000 when there was a budget surplus of $200 billion, you had a Republican administration and a Republican Congress, and we had two tax cuts that weren’t paid for.

You had a prescription drug plan — the biggest entitlement plan, by the way, in several decades — that was passed without it being paid for. You had two wars that were done through supplementals. And then you had $3 trillion projected because of the lost revenue of this recession. That’s $8 trillion.

It was amazing theater well worth watching... video after the jump.

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