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. vic

    Here in Tennessee republicans doesn’t get it

    This from yesterday local news paper “ nearly 90% of small businesses in the state are eligible for premium tax credit that takes effect this year as part of health care reform”

    Small business owners are happy this news give confidence on job market

    Here republican candidates talking about illegal immigration supporting Arizona law

    BUT no plan for crating jobs

    I know republicans and their base doesn’t like our president but condemning good bills sad

    July 24, 2010 12:17 pm at 12:17 pm |
  2. Donald

    I agreed with you all. i don't understand how anyone can vote for a republican. i mean they all say the same sh!t over and over. taxes has raised, unemployment. my question to republicans are what have u done to help b/c none of u guys never come with solutions

    July 24, 2010 12:18 pm at 12:18 pm |
  3. ThinkAgain

    All Republicans care about is doing everything they possibly can to make our President and our country fail. They're hoping things will get so bad that voters will forget that Republican TRIED-AND-FAILED POLICIES are what got us into this mess and will vote them back into office.

    Well, here's a news flash for you, Republicans: Your base may have the memory of a gnat and the intelligence of a rock, but most of America recognizes that if it weren't for Democratic policies, our economy would not have been pulled back the brink of another Great Depression (which, by the way, Democrats pulled our country out of under FDR).

    Republicans are for the wealthy and multi-national corporate interests. They want our country to become like Saudi Arabia, where a few families control all the wealth and religious police keep the destitute masses in check.

    Protect our country from Republicans – vote Democratic in November!

    July 24, 2010 12:20 pm at 12:20 pm |
  4. Ryan

    I don't see how the economic policies aren't working. Every day, I see more people out and about with money in tow. I read about jobless claims go up, but I also hear about people I know finally being able to find jobs. One other thing that the Republicans fail to forget is that they need to give time for these policies to work. We certainly gave their policies enough time to fail...

    July 24, 2010 12:24 pm at 12:24 pm |
  5. ThinkAgain

    Republicans have no plan or ideas to help our country except to further cut taxes for the wealthy and further de-regulate industry.

    Been there, done that. We're tired of the wealthy taking their extra money and using it to build factories overseas where labor is cheap and environmental regulations are non-existent. The result: American jobs here are lost.

    Tax cuts for the wealthy and de-regulation don't work; if they did, after 8 years of Bush, we would have had a flourishing economy.

    Instead, we were left teetering on the brink of another Great Depression, the Middle Class had substantially shrunk, our air and water were less clean, and consumers were at greater risk from being exploited by companies.

    Republicans have nothing to offer but fear, hatred, division and lies.

    Why anyone would vote for them is beyond me.

    July 24, 2010 12:24 pm at 12:24 pm |
  6. patrick

    Hey Mikey, Chris Matthews asked you about 4 times what your solutions are, you dribbled all over the place, no answers given, just waffling. Stop telling mw what the other guy is doing wrong. Tell me what you are going to do right. If my roof is leaking, Mikey, I don't need you to tell the plumber that he is doing a bad job trying to fix it; I need you to tell me what i need to do to fix it. If you have no solutions or ideas then get out of my house and leave the plumber to do his job.

    July 24, 2010 12:27 pm at 12:27 pm |
  7. Paul

    We have not forgotten that millions of jobs and homes were lost thanks to BUSH, the GOP and their pals in Wall Street.

    We cannot go back to the GOP's failed policies that resulted in our current recession. Despite the fact that recovery will take some time, at least we are not losing 8,000,000 jobs in a few months as we did during the Bush – GOP administration

    You get fooled once.. shame on them, you get fooled twice .. shame on you.

    Obama keep it up, you stand for Main Street as it should be.

    July 24, 2010 12:28 pm at 12:28 pm |
  8. Chispter

    For those who were paying attention during the last Administration, we were losing about 700,000 jobs per month and the deficit doubled from $5 trillion to $11 trillion. Besides that, the previous President praised and encouraged that outsourcing of American jobs because it was good for business. It hasn't been as good for business now that so many of us can't afford to purchase anything. We've begun to turn it around but GOP members are voting NO and a preventing progress, even on legislation that they sponsored! That sort of dogmatic attitude is dragging us down.

    July 24, 2010 12:29 pm at 12:29 pm |
  9. iroshi

    Please secede. Please. I was born in Tennessee and if you secede I will only be an American, not a Tennesseean. Who can be proud of being born in a state that would elect such a moron. Too bad he doesn't love his country as much as he loves his party.

    July 24, 2010 12:33 pm at 12:33 pm |
  10. Debbie

    Pence is a Reagan guy pushing more Reaganomics...that Bush also used. The idea is give tax cuts to the rich and business and they money will trickle down to the masses below. Failed with Reagan, failed with Bush, and will fail again. Eventually, the masses grow tired of the greed at the top and revolt. Pence might as well say let them eat cake!

    July 24, 2010 12:35 pm at 12:35 pm |
  11. lmj

    Take a barrel of dog poop, get another barrel and put in Pence, Kyl, Boehner, Cantor and Mc Connell, stir both barrels very well, pour them on the ground and I bet you couldn't tell which barrel held what.

    July 24, 2010 12:39 pm at 12:39 pm |
  12. Observer

    The stock market is UP 30% since Bush left it PLUNGING. Get real!

    July 24, 2010 12:43 pm at 12:43 pm |
  13. jeb bush

    and if by only; the reason being is the republican structure are sitting on these jobs. and everyone wants to know where are the jobs? you folks know damn well where the jobs are. the right has them tucked away until after the mid-terms. truth is they are not going to hire. wall street and the right led banks are in on this also. this prez has bent over backwards helping these banks who in turn will not assist anyone but themselves. this is but a part of the republican right recipe for this president's failure. hell ronnie milsap and stevie wonder can see through this crap.

    July 24, 2010 12:44 pm at 12:44 pm |
  14. Duane Bernard, Tucson, Az

    The Republican Party is up to the same "OLD" tricks that they have been using since they caused the "great depression" back in the late 20s. The Republicans have caused every financial fiasco the last 75 years and every time they blame the Democrats for it. They wreak the economy and get voted out, the Democrats fix it and America prospers, then the Republicans spin their lies and get back in power and rape and pillage America and the middle class again. I kind of feel the same thing is going to happen this next election cycle, but I feel the next time the Republican Party gets in power and starts their big mone/big business, rape and pillage job ....
    it will be the end of the United States!

    July 24, 2010 12:47 pm at 12:47 pm |
  15. Ed, Santa Fe, NM

    Actually the FAILURE is still based in the rotten Bush administration and continued and disgraceful inactions on the GOP.... SO SHUT UP

    July 24, 2010 12:48 pm at 12:48 pm |
  16. jeremy..Big D..Tx

    This Pence guy is a liar. He is lying about taxes. He want to extend BUSH tax break for the rich without paying for thereby increasing deficit. It is same party opposed to emergency funding for un-employed Americans until they are paid for yet they want unpaid for tax breaks. This is crazy. The economy is improving but republicans oppose every effort to get us out. He talks of Washington not listening but he is also in Washington for decades. Hypocrates who can't produce a plan. Mr Pence and your party,we need your plan and not what the other guy is doing wrong. Show your effort and sound plan.

    July 24, 2010 12:48 pm at 12:48 pm |
  17. Robert

    actually it was 8 years of Bush and the republicans trickle-down economics policy that has failed. economic policies take years to realize. which is why the recession started towards the end of bush's term. it just goes to show that the GOP are uneducated when it comes to economic matters. President Obama's policies have slowed down the recession and we won't see the full effects of it maybe for another 2 years.

    now instead of coming up with ways to help President Obama heal the economy, the GOP is offering the same ideas that led us down this recession in the first place.

    July 24, 2010 12:49 pm at 12:49 pm |
  18. Rabeenhood88

    Does anyone recall how long it took President Reagan to get the economy back up and running during his first term? Almost the entire four years... No wars to clear up or continue, Viet Nam was long over. President Obama has been given no time to correct anything. Wonder why? This President has to build a base, a new economic format, in order for this nation to go forward – this is not Socialism, it's called accountability and responsibility.

    Complain about bank fees? Then why complain when the President corrects the problem, calling it "Socialism, and government takeover?
    Complain about big government? Then why are you asking the President, "Where are the jobs?"
    Complain about "Don't Ask, Don't Tell"? It's been in place for years, might take a few to reverse it IF it should be reversed.
    Complain about illegals? Carter allowed it; Reagan gave blanket amnesty; Bush 1 did nothing; Clinton did Lewinsky, I mean, nothing; Bush 2 did nothing; however this President is supposed to solve the issue in less than two years.

    I will vote for President Obama again in 2012, I am Republican, and quite pleased with the President so far. My only point of contention would be: I would like the U.S. to leave Afghanistan alone because the Taliban is not a government or party, it IS Afghanistan (and part of Pakistan [again, IMO] – I would say Karzai is Tailban too [IMO]).

    July 24, 2010 12:54 pm at 12:54 pm |
  19. royalld

    Who is this clown? Excuse me while I go puke...

    July 24, 2010 12:56 pm at 12:56 pm |
  20. bobden

    No Pense, you are the one that doesn't get it.
    You and your repub adolesent do-nothing friends.

    You won't admit that our current condition is a direct result of deregulation allowing a pack of thieves do anything the want to do to steal more money for themselves.

    July 24, 2010 12:57 pm at 12:57 pm |
  21. legalchic

    This is a part of what Politifact has to say about Pence's statements:

    "Pence is right that every tax bracket will go up if the law is not extended. Still, we think the claim that Democrats don't want to extend the law is inaccurate. While the legislative drafting is still in process, the Democratic majority in Congress has made clear that it plans to extend tax cuts for all but the top couple percentage points of the income distribution. So it's highly misleading for him to say that Democrats actually want to see all the bill's cuts expire. Indeed, Pence's comment verges on a scare tactic. While Pence would have been entirely accurate to say, "If the Democrats fail to extend the expiring tax cuts, all tax brackets will increase," he didn't. What he did say merits a ruling of "

    His comments verge on scare tactics. The only thing the GOP is good at, making people afraid. And they should be – of the GOP. It doesn't take much research to look at the last 30-35 years, look at economic indicators, and social factors, to see the what a mess GOP policies have made.

    July 24, 2010 12:58 pm at 12:58 pm |
  22. AK Steve

    Didn't hear a peep from this guy (or any other republican) as they sat and watched Bush take our economy into the dumpster.

    Obama stablized a the sinking ship – how soon we forget how much we were teetering on a full blown depression.

    July 24, 2010 12:58 pm at 12:58 pm |
  23. RTB

    Look at his eyes.
    Pence is a wind bag of the first order.

    It was Pence and the Republican party that brought this economy to its knees.

    The Obama administration has been battling a noble fight.

    Not only with regards to turning this economy around from the devastation of the Bush years, but also in deflecting the lies and distortions of the likes of Pence and his cronies.

    July 24, 2010 01:01 pm at 1:01 pm |
  24. Marie MD

    This man wants to run for prez in 2012? He's as big a joke as the quitter and the huckster and the grinch who divorced his sick wife.
    This is the same pence who is on the teabagging caucus list?
    Pence says, "Washington politicians just aren't listening ". Where we you when the shrub was president and ruined the country? Oh right, you ARE PART OF THE PROBLEM!!!
    This President is doing what he promised he would do in spite of people like this pence and bachman and boner and wilson and all those other on the teabagging side.

    July 24, 2010 01:01 pm at 1:01 pm |
  25. Marco

    Under Bush the republicans had no problem spending money Washington didn't have. Bush's tax cuts are still the law until they expire and yet we still suffered a near depression. The republican solution is more tax cuts. They said this is what Reagan did during his recession; however they fail to mention that the tax rate was much higher then it is today. Let's not forget the market crash under Reagan as well as the huge deficits under his administration. Obama's stimulas package included tax cuts as well.

    July 24, 2010 01:02 pm at 1:02 pm |
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