Racine, Wisconsin (CNN) - President Barack Obama acknowledged Wednesday that the federal deficit is a significant concern, but he also criticized Republicans for obstructing what he called commonsense legislation and siding with big business.
In a campaign-style speech and in answering questions from a crowd of about 1,400 people in economically hard-hit Racine, Wisconsin, Obama depicted Republican opponents as obstructionists to necessary progress for continuing recovery from what the president called "the great recession" that started under the previous GOP administration.
"We already tried the other side's ideas," Obama said, adding that the choice now facing the nation is to "return to the failed economic policies of the past" or to keep working to build a stronger future.
From CNN Politics
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If it was a major concern, why did Obama run up the deficit to the level it is at?????????
The guy is totally NOT genuine!
In the long run historians will look back and see that the policies that Obama is passing are gonna be good for this country on the long run,the economy,and the middle class. Someday he will be up there with Clinton,Roosevelt,JFK, as one of our greatest presidents....oh yes its always the democrats. If abraham lincoln was a politician in this time, he would be a democrat. Lincoln was a liberal. The republican of the 1800's is the same republican party of today.
You know both wars and tarp were started under bush right ?
This guy is a moron. He wants to bash GOP and score points. He has done nothing good for American people after coming into office. Go away. We cannot go on suffering this way.
How did it feel being the only world leader calling for more deficit spending at the G-20, Mr. President?
More talk. Nothing but talk. Talk. Talk. Talk.
Jive Turkey in Chief.
Rick McDaniel June 30th, 2010 5:15 pm ET
If it was a major concern, why did Obama run up the deficit to the level it is at?????????
The guy is totally NOT genuine!
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Dude, you should be asking that question of Bush. Atleast Obama is running up the deficit trying to fix the economy and healthcare. I can get behind a president that does that, Republican OR Democrat. But Bush squandered a surplus and created a HUGE deficit funding two wars, one of which was completely unnecessary. Why did Bush do this? President Obama is the real deal, Bush is the faux product.
What has Obama done to increase the deficit?
The deficit is high because the Economy tanked in 2008, before Obama, and because the 90% of the budget that carries over from year to year has gone from 2 trillion a year to 3.5 trillion from 2000 to 2008. So you recommend Obama cut 1.3 trillion from the budget in one year to do away with the deficit, when Bush couldn't do anything but increase it when he inherited a surplus in 2000. You Repubs are dumber than dirt, criminally negiligent, or a combination thereof.
President Obama didn't run the deficit up to the level it is today! I'm tired of people with blinders refusing to acknowledge what President Bush and his Republican congress, and his two wars, and his tax breaks did to cause the greatest majority of the deficit; is still causing the deficit to rise; and will continue to cause it to rise until President Obama gets a fix in place to stop the spending caused by Bush and his administration.
Talk about not genuine, anyone who blames Obama for the shape of our country's deficit is exactly that, totally NOT genuine!
Rick McDaniel,
On the contrary, President Obama tried to work the GOP, but just as Obama extended his support for deficit-reduction legislation, SEVEN Senate Republicans voted against their OWN sponsored bill. Obstructionist nonsense, indeed!
Want to know why many Americans, including me, have left the GOP? Exhibit A.
"work with"
The National Debt was $1 Trillion in 1980 (Before Reagan), it was $5 trillion in 1992, (after Reagan and HW), it was $ 5 trillion in 2000 after Clinton, it was $12 trillion in 2008 after Bush, it is $13 trillion now. So 11 of the 13 trillion were rung up on Republican Presidents watch. Go to the National budget produced by each respective White House. This is Fact, not Fox!!
"he also criticized Republicans for obstructing what he called commonsense legislation and siding with big business"
Republicans obstructing commonsense legislation? Republicans siding with big business?
This is their philosophy...hardly what I would consider news!
If we already tried the other side's ideas and Obama considers those ideas failed economic policies of the past then why does Obama keep asking Republicans to give ideas?????
Sorry, but all I know is that before Obama ( during Clinton, Bush years) it never used to be this hard to find a job like it is now.
Never did my cousin think it would take him a year to find a job, has a degree, has a wife, 2 kids, had to move in with his parents.
@ Rick you are probably an idiot right? If it were not for the steps Obama has taken in trying to save this country from economic ruin this country would be ruined. If you are able read which I think you are, because it appears that you are able to type......then read something besides Hale to the Furor.
He is just totally not credible. He lies fluently, its always Bush's fault. Can't wait to get rid of this inept, fraud.
Rick, 9% of the deficit is Obama's and the balance is Reagan's, Bush I's, and Bush II's. Bush started two wars without paying a nickel for them-where did you think the money came from for his wars and tax cuts for the rich. We have Bush's recession and the Republicants want to keep it going! Why do Republicans hate America?
These may or may not be good ideas, who knows. I do know one thing, these bright ideas are costing us A LOT OF MONEY!!!!
The deficit didnt seem to be a major concern when the joke of a stimulus package inflated it to the highest level in history! Obama is failing terribly. None of his ideas are working so he slams the Republicans? This is not the kind of leadership we voted for. I am ashamed of my vote and wish I could take it back.
Slimy trick by the Republicans: Blame the current administration for the faults of their very own previous one. They think people are as stupid as they are. Trouble is, some are.
hey rick mcdaniel, bush left us with a massive deficit. he ran up over $5.5 trillion. did not see you mention that.
grandma, for a minute there i thought you were talking about the bush/cheney regime. they lied, were inept and we could not wait to get rid of those frauds.
also, it was clinton's fault for 3 years or so get over it. how ye forget the past so quickly.
Last time I checked it wasn't the Republicans who didn't want to audit the Treasury or reform Freddie Mac and Frannie Mae. Of course why fix Freddie and Frannie when we can just continue to throw billions of tax payer dollars at the problem and hope that it just goes away...
Do all democrats believe that Guam might tip over if we send more marines to that island or is that just the people that democrats vote for to lead the country?
There are some real "idiots" on here that continue blaming Bush... Bush is out already... Obama continues to spend, spend, spend, increasing everything he touches such as his staff, government, and government controls over private business... Get real... Start by getting a clue!
New Age, be specific, what are you talking about? The Stimulus package created the Defict? Do you know anything about stopping a Deflationary Spiral? Thats what Obama did, he stopped Bushs deflationary spiral. Deflationary spiral equals Depression if allowed to continue, kinda like allowing Repubs to continue equals Depression. Why do you guys hate Democracy and Capitalism?