Ira Stoll, of FutureOfCapitalism.com, found some problems with yesterday's press conference held by President Obama. For example:
Today's press conference began with a classic Obama straw man: "Our economic challenges are not going to be solved overnight," he said. No one claims they will be. But at this point, Mr. Obama hasn't been president just "overnight," he's been president for two and a half years.
It proceeded to classic Obama misleading statements. "I spent the last two years cutting taxes for ordinary Americans," the president said. Not Americans who smoke cigarettes or use tanning salons, and not Americans who choose not to buy health insurance, all of whom the president raised taxes on.
More Obama class warfare: "The revenue that we're talkin' about isn't comin' out of the pockets of middle-class families that are strugglin'" but rather from "people who are doin' extremely well."
It's as if Mr. Obama thinks that raising taxes on oil companies or corporate jets will take money out of the pockets exclusively of CEOs, rather than of the shareholders of these companies, who include lots of "middle-class families" and public and union pension funds.
In response to a question from NBC's Chuck Todd about whether he thinks the debt limit or the War Powers Act are constitutional, Mr. Obama said, "I'm not a Supreme Court justice." What an astounding default from a president who takes an oath to "preserve, protect, and defend the Constitution of the United States." Mr. Obama was willing to say that the Defense of Marriage Act signed by President Clinton is unconstitutional, though on the question of whether he favors same-sex marriage, Mr. Obama, who has in the past said he personally opposes it, said, "I'll keep on giving you the same answer until I give you a different one, and that won't be today."
In support of a trade deal with Korea, the president claimed that there are a lot of Korean cars on American roads, but "you don't see any American cars in Korea." In fact American government statistics show that in the first four months of 2011 America exported $141 million worth of cars to South Korea.
To read the whole piece click HERE.
