July 24th, 2010
10:40 AM ET
8 years ago

Obama touts Wall Street reform bill, slams Boehner

Washington (CNN) – President Obama used his weekly radio and internet address to tout the Wall Street reform bill signed into law this week but also slammed House Minority Leader John Boehner, saying the Republican's plan to create jobs is "surprisingly short, and sadly familiar."

"[W]hat we can't afford right now is to go back to the same ideas that created this mess in the first place," Obama says. "Unfortunately, those are the ideas we keep hearing from our friends in the other party. This week, the Republican leader in the House of Representatives offered his plan to create jobs. It's a plan that's surprisingly short, and sadly familiar."

"These are not new ideas. They are the same policies that led us into this recession. They will not create jobs, they will kill them. They will not reduce our deficit, they will add $1 trillion to our deficit. They will take us backward at a time when we need to keep America moving forward."

Boehner shot back Saturday, calling Obama "out of touch."

"Out-of-touch and unable to sell his agenda in the face of near-double-digit unemployment, President Obama is resorting to partisan attacks, rather than working with Republicans to help the American people, who are asking, 'where are the jobs?'" Boehner said in a statement.

"The fact is that Washington Democrats' policies have created uncertainty that has undermined our economy, shaken the confidence of the nation, and cost millions of American jobs. Our nation needs leadership – not excuses," the House Republican leader continued.

Partisan words aside, Obama devotes the bulk of his address to praising the Wall Street reform bill he signed into law on Wednesday. The bill's passage is a major legislative victory for the White House, and the President delivered a message sure to be repeated in the lead up to November's midterm elections.

"Wall Street reform is a key pillar of an overall economic plan we've put in place to dig ourselves out of this recession and build an economy for the long run – an economy that makes America more competitive and our middle-class more secure," Obama said. "It's a plan based on the Main Street values of hard work and responsibility – and one that demands new accountability from Wall Street to Washington."

Filed under: issues • Jobs • John Boehner • President Obama • Wall Street
soundoff (111 Responses)
  1. Triniman

    The balls of Boehner, he should know where the jobs are. He was right there when we lost 8million jobs.

    July 24, 2010 02:33 pm at 2:33 pm |
  2. Mace

    "The fact is that Washington Democrats' policies have created uncertainty that has undermined our economy, shaken the confidence of the nation, and cost millions of American jobs. Our nation needs leadership – not excuses," the House Republican leader continued. I'm sorry, was this man sleeping during the Bush years? I don't recall him adamently arguing with his Republican chief executive when that man flushed our finances down the toilet. I cannot stomach even the idea of voting for a Republican because over the years it's become more and more obvious that the only time they open their mouths is to serve us all another load of the self serving horse manure. Why is it that our elected leaders spend more time fighting each other and playing the blame game instead of doing what they are paid to do, roll up their sleeves and fix the problem. If Republicans aren't sharp enough to remember that their party started this whole freaking mess then there's really not much hope that they'll be involved in the cure, I fear the midterm elections, small minded people always go with Republicans after they've been shouting wonderful things like, "no", "it's all his fault" and my personal favorite, "the war on terror is not over". Boehner had to put a plan forward so he has something to say at election time. I seriously doubt it was anything more than a makeover of the Bush policies which obviously we see how well those worked out.

    July 24, 2010 02:39 pm at 2:39 pm |
  3. leftisloony

    In the chosen one's own words in criticizing republican ideas....

    ...."they will not create jobs, they will kill them. They will not reduce our deficit, they will add $1 trillion to our deficit"...........the man whose plan has led to unprecedented business uncertainty and unemployment with no end in sight and more debt in his short term in office than all previous administrations combined......talk about idiocy, lunacy, and hypocrisy.......say one thing, mean another.......say one thing, do another.....this name caller-in-chief and blamer-in-chief is a master......and the mainstream media and half the country are all in.......have a nice day

    July 24, 2010 02:40 pm at 2:40 pm |
  4. Squigman

    Can not imagine anyone empty headed enough to vote for a republican. Maybe the years from 2001, to 2009, were happy times for many of you, while the nation circled the drain? The rest of us are content with rebuilding, not tearing down.

    July 24, 2010 02:42 pm at 2:42 pm |
  5. Ken in NC

    Republicans say that Democrats are destroying our economy and Democrats say that if Republicans regain control, they will go back to doing the same things that got us where we are now, soooooooooo why have an election. It is clear that both parties are destroying our economy and country so why change drivers now. Roll the dice baby .

    July 24, 2010 02:45 pm at 2:45 pm |
  6. GI Joe

    The GObP just keeps voting NO to the jobs bills, but they want to continue the unfunded tax breaks for the WEALTHY.

    Say NO to the Party of NO.

    July 24, 2010 03:05 pm at 3:05 pm |
  7. beon

    The Blame Game: Just like any other kids' game out there, it gets rather boring after a while. This game has run its course, and it is time to MOVE ON. Bush is gone. The nation's economy is a mess. Obama is in charge...or is he? Looks like he wants to keep Bush in the picture; he brings him up in EVERY oration.So, the game goes on and on and on and on....

    July 24, 2010 03:11 pm at 3:11 pm |
  8. Triniman

    It is hard to believe that there is a segment of America that has abandoned their ability to be informed, and follow the repugnant policies of the Republicans ideology.Obama has only been in office 18 months, and has struggled mightily (though I think the Dems punked out on a public option), to right the course. Where were all these patriot loving Americans when Georgie was and spending hundreds of billions of dollars on wars that weren't paid for? where were they when he was spying on us without warants? where were they when the Bush admin was torturing people. Didnt they know the founding fathers was adamant in safeguarding individual freedoms because of Europe's transgressions on individual rights.Talk of walking the constitution. I cant wait for november, I believe the American people are smarter than the Repugs think. Anything to help the common man is fought( healthcare, financial reform)while they support anything that benefits the wealthy, ( keeping the Bush tax cuts, deregulation etc). What makes the bone difficult to swallow is the weak-kneed Dems who has allowed the Repugs to controll the debates and influence the bills that they do get to pass. I will like to see true Dems challenge some of those Democrat incumbents who do not truly believe in an agenda for the common man, they are also obstructionists, and need to be replaced,

    July 24, 2010 03:14 pm at 3:14 pm |
  9. alex

    The best Obama did is beer summit. The rest is F-grade.

    July 24, 2010 03:28 pm at 3:28 pm |
  10. Russell N.C.

    Yes, Obama is still full of hot air and has never been in touch with reality.

    July 24, 2010 03:31 pm at 3:31 pm |
  11. g tex

    President Obama is doing a great job. He is trying to pull this country together. If all the members of Congress would join in this effort instead of fighting for their own personal benefits, we would move forward and life would be better for every one. It seems that every move President Obama makes, he is faced with opposition. If all of you know so much, why dont you fix the economy, find the jobs, end the war,and every thing else that you complain about? Why is there so much hate for Barack Obama? All the crazy stuff and lies are all in an effort to destroy one man..Barack Obama. If you do destroy him, what will you gain?

    July 24, 2010 03:38 pm at 3:38 pm |
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