July 24th, 2010
11:49 AM ET
8 years ago

Pence: Obama’s economic policies ‘have failed’

Washington (CNN) – Republican Rep. Mike Pence criticized the Obama administration and Democrats in Washington on Saturday, delivering a biting attack on the economic and fiscal policies promoted by a legislature and White House controlled by Democrats.

"The economic policies of this administration have failed,” Pence said in Saturday’s weekly Republican address.

"In the worst economy in a quarter of a century, American families are hurting. That's obvious to just about everybody, except that is the Democrats in Washington, D.C.,” the Indiana Republican said.

"You know, it's more clear every day, they just don't get it. Washington politicians just aren't listening and the American people know it.”

But on the same day President Obama capped his week by touting the Wall Street reform bill that became law Wednesday, Pence was instead looking to the future, and warning of tax increases.

"And if they haven't already done enough to wreck our recovery, Democrats in Washington are pushing more spending, more regulation, and right around the corner: more taxes,” Pence said.

"Washington D.C. doesn't tax too little. Washington D.C. spends too much. I don't know anybody back in Indiana who thinks they pay too little in taxes. And only in Washington D.C. would anyone believe that raising taxes creates jobs.”

The tax increase Pence warns of will come if the 2001 and 2003 Bush tax cuts are allowed to expire at the end of the year. President Obama had promised to make them permanent for families making less than $250,000.

But faced with growing fiscal challenges, there's debate in Washington about whether the country can afford to permanently extend the tax cuts.

Filed under: issues • Mike Pence • President Obama • RNC
soundoff (159 Responses)
  1. Dont forget to thank a Globalist if you dont have a job.

    The President is doing a fine job considering he doesnt get any support from the traitors on the Right.

    July 24, 2010 11:52 am at 11:52 am |
  2. A little sad

    How silly. The economy is improving, so it is not even the worst economy in the last 2 years.

    We are turning the corner too slowly, but more becuase we have done too little than that we have done too much.

    July 24, 2010 11:56 am at 11:56 am |
  3. Texan

    It was you the Republicans that screwed the country.
    Drove the economy to the worst shape since the great depression..
    Drove the deficit to un-managable levele..
    Killed thousands in a wasted war..

    And now talk about fixing it..
    Republicans are nut cases without a clue to fix anythinh..

    July 24, 2010 11:58 am at 11:58 am |
  4. GatoGrande

    And Mr Pence idea for fixing the economy is???

    July 24, 2010 11:59 am at 11:59 am |
  5. Dont forget to thank a Globalist if you dont have a job.

    I can see this Fascist,Pence, in his SS uniform now.Hes the lowest form of human on Earth.

    July 24, 2010 11:59 am at 11:59 am |
  6. Michael

    Didn't Pence just join the Tea Party caucus by Michelle Bachman? That's perfect for this liar. He wasn't screaming about this when Bush was giving away money. Reagan trippled the national debt when he was in office from 900 billion to over 2.7 trillion and he raised taxes 6 times!!! Obama has accomplished a ton in just half of his first term and the fact that the economy is coming back as slowly as it is shows just how damaged it was. Not by Democrats...but by the good old GOP. Get off of this guys back and start telling the truth. You morons lost. Get over it and try and help. You have done absolutely nothing since he has taken over but cry and whine. Grow up and do your jobs. And by the way...what has the GOP done to stimulate or create ANY jobs in the past year...or for that matter the past 10 years. I believe we were losing 700,000 jobs a month when Obama took over. So please just shut up!

    July 24, 2010 12:02 pm at 12:02 pm |
  7. centrist

    It is a slow process for an economy to just turn like that. It is a huge country with a humongous economy, and turning a big elephant is not an easy job. I think it is complete injustice our president is not given enough time as he has been in power for less than 2 years. It is like expecting somebody with a heart attack to run the next day. Have patience people.....That is the only way. Of course if it is power, and money then it is different.

    July 24, 2010 12:02 pm at 12:02 pm |
  8. djb

    When I hear a Republican plan that doesn't include:
    1. Cut taxes
    2. Cut benefits ("cut spending")

    and does include:
    1. Bringing back the jobs THEY let go overseas and/or
    2. A way to create new jobs without having to invest money

    I will start listening to the Republicans again. Until then what comes out of their mouths is just noise.

    July 24, 2010 12:02 pm at 12:02 pm |
  9. Joey

    Mike Pence, you are exactly right! That is why so many will help your party in November!

    July 24, 2010 12:02 pm at 12:02 pm |
  10. Doyle Wiley, MI

    Pence's must have a serious memory loss. He totally forget that the Republican's President G. W. Bush and his Republican counterparts caused the economy downfall. And regardless of the good work the President is doing today it will take years for our country to bounce back.

    July 24, 2010 12:03 pm at 12:03 pm |
  11. chris

    Republicans are like a guy who drunkely smashes his car into the wall, then turns around and yells at the repair man at the garage, saying its all his fault for not fixing it fast enough.

    Republicans brought upon the worst economic crisis since the Great Depression. Since Obama has taken over, the recession has ended, the stock market has bounced back, the economy has stabilized, and businesses are starting to hire again. Certainly, the recovery has been slower than everyone would like – yet it is happening. Republicans show alot of gall to lecture and admonish others on the economy.

    July 24, 2010 12:04 pm at 12:04 pm |
  12. SurRy

    The Republicans have had decades to make themselves and friends rich by eliminating the middle class. How's that "trickle down" thing working for all of you (I learned a long time ago one one thing truly runs downhill)? Now this Administration has been given little over a year to reverse decades of destruction – insane.

    July 24, 2010 12:06 pm at 12:06 pm |
  13. The only sane one in Wyoming

    It will be a sad day in (fill in blank) if America slides back and embraces the Republicans again. Surely our amnesia is not that insidioius! It was less than two years ago that the Republicans had dug us into a hole so deep and wide that we had almost hit rock bottom and found ourselves in a true-blue depression! President Obama's policies avoided that scenario. Sure--things aren't the absolute best at this time, but really, how could they be? It took eight years to dig the hole! I'm patient enough to realize that it might take eight years to dig us out of the hole.

    OBAMA 2012

    July 24, 2010 12:06 pm at 12:06 pm |
  14. LJ

    Gee if you Republicans would quit your whining and try working with the administration maybe it would be better sooner. Considering the mess Bush and his cronies got us into I think Obama is doing a great job!

    You are just a bunch of sore losers because you lost the election. Hopefully people will wake up, vote in November and keep you losers out of office!!!

    July 24, 2010 12:07 pm at 12:07 pm |
  15. B

    Actually he has saved this country from a Depression that would have happened with the two idiots McCain and Palin!

    It is very plain for most Americans to see that most of Obama’s
    opposition is about the fact that the" Right" can not stand that a -Black Man- is turning this country around for the better.

    July 24, 2010 12:07 pm at 12:07 pm |
  16. rob

    "But faced with growing fiscal challenges, there's debate in Washington about whether the country can afford to permanently extend the tax cuts."


    So the Dems in Congress are talking about letting the MIDDLE CLASS tax cuts expire???? Wow

    That seems to be worthy of a huge Headline but don't hold your breath for that story on CNN.

    July 24, 2010 12:07 pm at 12:07 pm |
  17. Yeah, right.

    I love reading the posts from the same pimply-faced losers posting from their mother's basement telling us what a "fine job" President Ass-Clown is doing. Obama is a moron – period.

    Everybody knows he's an idiot but the anti-American Democrats.

    Now, do as your mother says and go take out the garbage.

    July 24, 2010 12:08 pm at 12:08 pm |
  18. thor

    The economy is improving. Now ,i don't care what you say,that's funny.People around wher i live , some have been out of work for a couple of years still can't find jobs.You should look at the number of signs being put up on peoples homes due to forclosures.Even the salvation army is doing summer funraisers because of the need and they are out of money. Get real !! The only thing doing well are the folks on Wall Street.

    July 24, 2010 12:10 pm at 12:10 pm |
  19. reggieva.

    america heard your solutions on hardball. continue bush tax cuts. we will not be fooled this time

    July 24, 2010 12:11 pm at 12:11 pm |
  20. alex

    The best Obama done is beer summit. The rest is just bla bla bla.

    July 24, 2010 12:11 pm at 12:11 pm |
  21. hobart

    No, Mr. Pence, you lying sack of moose droppings, it's YOUR ECONOMIC POLICIES THAT FAILED!!!

    For 8 long miserable years, we all had to play by Republican rules, and what did we get? Economic collapse and loss of 8 million jobs. Thanks to YOU, many of us lost our jobs, our homes, our life saving and our healthcare. And your solution? You tell us to quit whining, get a job, and blame Obama. You actually want economic failure, and are doing everything in your power to bring it about, just to make the president look bad. Why do you hate us Main Street Americans, Mr. Pence?!

    Thanks to the stimulus packages, we've recovered most of what we lost in the markets, but it will take a lot longer to recover the jobs, thanks to YOUR exporting them all overseas.

    Do tell us, Mr. Pence, why do you hate America?

    July 24, 2010 12:13 pm at 12:13 pm |
  22. Virginia


    Bush's plan was to call it "temporary" to get it passed, then leave another President to deal with either having it extended (permanently!!)or face the rath of the repubs by allowing it to cease on the original dates as passed.

    Do the wall street folks with their multimillion bonusses, the CEO of United Health with his $21mil bonus, etc, etc, need the tax breaks??

    Did any of these huge bonuses create a single job in the US, or did they all wind up buying stocks, hidden on an caribean island, or Switzerland somewhere?????
    I agree with making the tax break permanent for folks making less than $250K, siince that amount doesn't buy what it did 10 years ago.
    Otherwise, the rich have enjoyed this give away long enough. The rest of us are hurting, not worrying about which new plane to buy.

    July 24, 2010 12:14 pm at 12:14 pm |
  23. Progressive in Texas

    The more our president can be shown as a failure the more the Republicans achieve their goals. They will sacrifice the good of our nation to promote their narrow and selfish agenda. I've voted Republican many times in the past – but never, never again.

    July 24, 2010 12:14 pm at 12:14 pm |
  24. DENNA

    Pence is an idiot. We don't know if they've failed yet because they haven't had time to really work. However, I do know that if the Rethugs had gotten in and done nothing, we would be in worse shape. You know, there's a candidate running who wants to secede. I say they move that border Arizona wants further north and fence off the south from the rest of America so we real Americans can set about enjoying this great nation in peace.

    July 24, 2010 12:16 pm at 12:16 pm |
  25. Clint, Wa.

    OMG, this from a Republican, I am totally in shock

    July 24, 2010 12:17 pm at 12:17 pm |
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