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Republicans predicted economic calamity if Obama won. President Obama responds.

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“One Republican in Congress warned our policies would diminish employment and diminish stock prices. Diminish stock prices. (Laughter.) The stock market has doubled since I came into office. Corporate profits are — corporate balance sheets are stronger than they have ever been — because of my terrible business policies.”

“The above can be attributed to Pete Sessions (R-TX) and Mitt Romney.”

“One Republican senator claimed we faced trillion-dollar deficits as far as the eye can see. Another predicted my reelection would spike gas prices to $6.60 a gallon. I don’t know how he came up with that figure — $6.60. (Laughter.) My opponent in that last election pledged that he could bring down the unemployment rate to 6 percent by 2016 — next year — at the end of next year. It’s 5.5 now.”

“The above can be attributed to Senator John Thune (R-SD) and Mike Lee (R-UT)”

“And right here in Cleveland, the leader of the House Republicans — a good friend of mine — (laughter) – he captured his party’s economic theories … with a very simple question: Where are the jobs, he said. Where are the jobs?… Well, after 12 million new jobs … I’ve come not only to answer that question, but I want to … debate … the alternative economic theory that’s presented by the other side.”

“The above can be attributed to Speaker of the House John Boehner.”

” … their theory does not change. It … says, if we do little more than just cut taxes for those at the very top, if we strip out regulations and let special interests write their own rules, prosperity trickles down to the rest of us. And I take the opposite view … not for ideological reasons, but … because of the evidence.”

From Daily Kos.


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