Claim v. Fact: Obama's Response to 'Doing Fine'
Last week Americans for Prosperity launched our “Doing Fine” ad, urging President Obama to support the AFP Jobs Agenda. Despite the $15 trillion debt, 40 straight months of unemployment above 8% and 12.7 million unemployed workers in the US, Obama told America “the private sector is doing fine.”
In response to our ad, President Obama released his own video attempting to obscure his terrible economic record. Obama claims that he has fought to improve the economy the past three years, and continues to do so. He also claims to keep taxes down for the middle class, that he invests in education and asks the wealthy to pay their “fair share.”
Let’s take a look at Obama’s Claims one by one:
Claim 1: He has fought to pull us out of economic crisis for 3 years, and he still is.
Fact: The unemployment rate has been above 8% for forty months straight. That is a little over three years. Right now one in two recent college graduates is unemployed or underemployed. The real unemployment rate of college grads is 16.4%. For three years, Obama has tried everything he can think of to improve the economy, and has utterly failed.
Claim 2: “Obama’s plans keeps taxes down for the middle class.”
Fact: The reality is President Obama has proposed one of the largest tax increases on the middle class in American history. ATR has an extensive list of tax hikes President Obama has implemented or plans to implement in the future. This includes the Individual and Employer Mandate tax, taxing any one person or organization for not purchasing “qualifying” health coverage. These expensive tax hikes are damaging to the middle class he claims to protect.
Claim 3: Obama claims to “invest in education”
Fact: The United States pays more money per pupil than any other country in the world, and our scores continue to steadily decline. “Investing in education” hardly deserves bragging rights when it amounts to throwing taxpayer money at schools and hoping the problem will solve itself.
Claim 4: He “asks the wealthy to pay their fair share.”
Fact: What is the fair share? The wealthiest 10% of Americans already pay 70% of Federal Income Taxes collected annually. What percentage does President Obama think they should pay? Since becoming President, Obama has added $4.9 trillion to the national debt. Does he plan to have “the wealthy” pay for all of that as well?
President Obama’s big-government policies have been a disaster for the American economy, and the facts show it. When Obama said the private sector was ‘doing fine,’ he showed us he doesn’t have a clue how the private sector works or how badly it is suffering. It is time for Obama to turn away from these harmful policies and embrace real solutions like the AFP Jobs Agenda that can restore real prosperity to America.