New Obama ad whacks tax-raising, job-losing, millionaire-helping Mitt Romney
No one will accuse President Obama's re-election team of playing nice this election. The Democrat's latest ad pushes the narrative that Mitt Romney's economic record as Mass. governor left the state in debt and mired in anemic job growth.
Posted by Marc Caputo at 6:00 AM on Monday, Jun. 4
Obama-bashing Super PAC announces $1.7m more in new FL TV ads
The Karl Rove-affilited Crossroads GPS political action committee is running yet another spot in Florida, this one called "Stopwatch," which attacks the president for the national debt. It's spending $1.7 million on this spot, and $7 million nationwide on it, as part of a $25 million campaign.
Echoing the conservative line, the ad wants Obama to "stop the spending," and makes no mention of the idea that the national debt could also be reduced by raising some taxes (anathema to Republicans). It also says 'he's adding $4 billion in debt every day... borrowing from China for his spending."
Unmentioned: The debt has grown by an average of $4.2 billion per day since January 2009, meaning some of the debt is also the result of Obama's predecessor's time in office and the previous congress. So it's not all Obama and it's not as if he personally is asking China for the money. And China isn't the number-one debt holder. It might account for a sizable 8-10 percent. But more than two-thirds of U.S. debt is held by domestic U.S. institutions and investors.
None of this means that spending and debt hasn't increased under Obama. It has. But it's not like he's doing it all on his own to help China.
Update: Here's former Obama campaign spox and current Priorities USA PAC leader Bill Burton: "In rushing to defend his candidate, Karl Rove has highlighted one of Governor Romney’s key weaknesses. As CEO, Romney often made millions by loading up companies with unsustainable debt to pay himself fees. As Governor, Romney increased state debt by $2.6 billion – leaving the state with the highest debt per capita in the country. Now Romney is proposing to add $3.4 trillion to our debt with new tax cuts for the very wealthiest Americans. In business and government, Romney has always been for more debt at the expense of the middle class, especially when it stood to make the wealthy, wealthier."
Echoing the conservative line, the ad wants Obama to "stop the spending," and makes no mention of the idea that the national debt could also be reduced by raising some taxes (anathema to Republicans). It also says 'he's adding $4 billion in debt every day... borrowing from China for his spending."
Unmentioned: The debt has grown by an average of $4.2 billion per day since January 2009, meaning some of the debt is also the result of Obama's predecessor's time in office and the previous congress. So it's not all Obama and it's not as if he personally is asking China for the money. And China isn't the number-one debt holder. It might account for a sizable 8-10 percent. But more than two-thirds of U.S. debt is held by domestic U.S. institutions and investors.
None of this means that spending and debt hasn't increased under Obama. It has. But it's not like he's doing it all on his own to help China.
Update: Here's former Obama campaign spox and current Priorities USA PAC leader Bill Burton: "In rushing to defend his candidate, Karl Rove has highlighted one of Governor Romney’s key weaknesses. As CEO, Romney often made millions by loading up companies with unsustainable debt to pay himself fees. As Governor, Romney increased state debt by $2.6 billion – leaving the state with the highest debt per capita in the country. Now Romney is proposing to add $3.4 trillion to our debt with new tax cuts for the very wealthiest Americans. In business and government, Romney has always been for more debt at the expense of the middle class, especially when it stood to make the wealthy, wealthier."
Posted by Marc Caputo at 9:39 AM on Tuesday, Jun. 5
The president's campaign isn't "doing fine" amid McCain-like gaffe
Remember when John McCain four years ago in Jacksonville said "the fundamentals of our economy are strong" after the collapse of Lehman Brothers? It was a snippet of a quote that defined his campaign, thanks to Barack Obama.
Now, amid rampant unemployment and poor economic news, President Obama said "the private sector is doing fine." And he's getting the same treatment he doled out on McCain.
Here's Republican Mitt Romney's latest web ad/prequel to a commercial:
Now, amid rampant unemployment and poor economic news, President Obama said "the private sector is doing fine." And he's getting the same treatment he doled out on McCain.
Here's Republican Mitt Romney's latest web ad/prequel to a commercial:
And here's one from the vault -- Obama's ad whacking McCain over his comment
Read more here: http://miamiherald.typepad.com/nakedpolitics/2012/06/the-presidents-campaign-isnt-doing-fine.html#storylink=cpy
Posted by Marc Caputo at 7:31 AM on Monday, Jun. 11
Read more here: http://miamiherald.typepad.com/nakedpolitics/2012/06/the-presidents-campaign-isnt-doing-fine.html#storylink=cpy
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