July 24th, 2010
11:49 AM ET
4 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. sickofthisbs

    Pence go sit back in the bubble that you came from. All the Repugs are trying to do is put propaganda out there and hope the uneducated will listen to them. The economy is slowly turning around, give it some time. Businesses are scared to hire because of tax ramifications but the govt is trying to create incentives for those businesses to start hiring again. The Repugs are in the way, period. While I'm at it....people keep talking about entitlement programs, I am in full support of revamping and reforming these programs because there are people who abuse these programs. The people who oppose these programs are most likely rich people who don't need them. God giveth, and God can take it away, ask some of the victims of the Madoff sceme, one day they had it, the next day they're broke and those same people may need one of those entitlement programs! My point is.....let's work with the President and make the best of a bad situation. There has never been this much scrutiny of a president until we got a black one......repugs have you no shame?

    July 24, 2010 01:06 pm at 1:06 pm |
  2. gr

    Hey, Pence you can not hide so what is your Plan? Chris Mattew is still waiting Pence to tell him what is your plan and we are still waiting as well. So until you tell the American people what is your plan do not talk bad about Obama plan. At least President Obama have a plan.

    July 24, 2010 01:09 pm at 1:09 pm |
  3. Gaylon Barrow NOT ASHAMED for the truth!!!

    AMEN> And they're going to fail further. This man is not a patriot in fact he is against anybody American. Look at all the signs. He is building a bridge to high for anyone to climb over in this country. A bridge for failure. He intends to weaken us to such degree we will not be able to defend against the MUSLIM that he is. He is for the destruction and the death of the infidels. If you believe not then I pity you.

    July 24, 2010 01:11 pm at 1:11 pm |
  4. Donna from Colorado Springs

    Republicans have the nasty habit of criticizing anything Democrat and forgetting what their own party did to this country during the Bush reign of terror! To hear them talk, they left Obama with a surplus like Clinton did to Bush! They did absolutely nothing wrong during those eight years and we should all thank the Republicans for their service to the country! Considering what President Obama was left to work with, I think he's done a pretty good job! If Obama turns out to be a one term President, the Republicans had better be prepared for some of their owm medicine whenever THEY WANT A BILL PASSED IN THE FUTURE!

    July 24, 2010 01:15 pm at 1:15 pm |
  5. Dale

    The arsonists (Republicans) are criticizing the efforts of the firefighters (Democrats). The economic collapse was a direct result of hands-off federal regulation of the financial sector. The GOP has always advocated hands-off regulation of the financial sector, and they still do even after the big crash.

    July 24, 2010 01:18 pm at 1:18 pm |
  6. GREEDY KILLS

    The economy wouldn't need turning around IF the republicans didn't have their own greedy self interests.

    They allowed companies to ship jobs overseas, and rewarded them with BIG tax cuts.

    Face the truth, we are in a RECOVERY period due to the me – ism of that party and their supporters.

    How do they sleep at night?? You can have all the money in the world but that doesn't make you a decent human being and won't buy your way in to heaven.

    July 24, 2010 01:19 pm at 1:19 pm |
  7. Stymie

    uhbama is a disaster.

    July 24, 2010 01:20 pm at 1:20 pm |
  8. Pretzel Logic

    We are executive recruiters and can tell you that we are busier than ever. The economy is in full turn around and I can tell you that it is due in large part to President Obama's handling of the economy. To go back to "tax cuts for the rich" and "no government oversight" is a great way to plunge this country into a depression. Republicans have no ideas and no clue.

    July 24, 2010 01:20 pm at 1:20 pm |
  9. ddt

    This idiot just joined the Republican Teapary congressiona caucus. This is another openly racist republican talking economy of the past. I believe though the number of whites supporting Obama is the lowest 37% but I'm very sure there white people who know that Obama had nothing to do with the recession. It was caused by the republicans in congress and the white house. If you look at the graph, it is going up instead of going down. The problem is that some people can't tell the diffence btn a minus and a plus. By the time Obama took office, the economy was losing byt in negative 6% today it is positive 3% just because 6 is bigger than 3 people can't tell that 6 is in negative and 3 is in positives. The problem not everybody in this country understands math, and those are the Teabaggers the those who support them like this idiot so called Pence

    July 24, 2010 01:20 pm at 1:20 pm |
  10. Arlando

    Mike Pence thinks Obama's policies have failed after just 18 months and he thinks Bush's policies worked in he was appointed President for 8 years.

    July 24, 2010 01:22 pm at 1:22 pm |
  11. gr

    It is like the Republicans is taking great pleasure with unemployment being high just for policially gain. Republicans were asked including Pence what is their plan and they refuse to answer the question. This is what all the Republicans are going to do up until Nov. which is avoid answering question about what is their plans. Sharron Angle ran from the press and only will answer question she can controll. Why don't the American people require the Republicans to present to the American people their plan instead of allowing the Republicans too tear down President Obama plan – at least he have a plan.

    July 24, 2010 01:23 pm at 1:23 pm |
  12. Ben

    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.."

    Wrong on both counts. The Repubs may have overspent, but the Dumbocrats are the ones who drove us into the ditch. Wake up and smell the coffee.

    "Republicans are nut cases without a clue to fix anythinh.."

    That's rich considering the Dumbocrats and their Liberal elitist handlers can govern their way out of a paper bag.

    July 24, 2010 01:24 pm at 1:24 pm |
  13. Jilli

    Actually, they haven't failed at all. The problem is is that the hole the bush admin dug us into was so deep that it's going to take us years to recover. The economy is improving – gdp is growing, we're creating jobs again – something the republicans know nothing about as the bush admin only created 3 million jobs in 8 years at the cost of over a trillion dollars in tax cuts to the the supposed "job creators".

    Thanks for nothing republicans – again, they created a mess and walked away, absolving themselves of any responsibility – leaving the dems to clean up their mess.

    I'lll support a dem with ideas over the stagnant do nothing but tax cut republicans any day. They want to keep the status quo, when we need to be moving forward.

    July 24, 2010 01:24 pm at 1:24 pm |
  14. Shelly

    The Repubs must think that the American people have amnesia....I have NOT forgotten the destructive policies of the Republicans for the last 20 years that have led to the weak economy( deregulation, tax cuts for wealthy, not inclluding the cost of the war in the budget leading to massive deficits( so Americans could not see the cost of the war), trickle down economics that have failed the middle and poorer class)
    President Obama has saved us from falling from the cliff. The economy is still slow because the rest of the world is experiencing the fall right now.
    Do we really want the tax cuts for the rich and corporations and companies going crazy at the expense of the middle class! Give it some time ....nothing this huge can fix itself in a few months!

    July 24, 2010 01:25 pm at 1:25 pm |
  15. Mesa Mick

    That village idot Pence was also heard say "Black is white too"...

    July 24, 2010 01:26 pm at 1:26 pm |
  16. Gary, Hunt Valley, Md.

    Fear, fear, fear, fear, divide. OK, that's it for today's Repub strategy session. Repubs had nothing to do with sending this economy into the toilet, nothing to do with fueling the national debt and the deficit, nothing to do with borrowing and spending at astronomical rates during THE GOOD TIMES...Will one Repub or Teabagger please submit one specific idea as to what kind of spending they would cut? Please, try not to blame or mock the poor or those lazy spoiled unemployed. I know that's hard, but you can do it, can't you? No, you can't...........

    July 24, 2010 01:27 pm at 1:27 pm |
  17. Hoosier against Pence

    This guy is so full of crap. I am unemployed due to his partys stupid economic policies and then he didn't have the decency to vote to extend benefits. The only people that will have their taxes raised are those making over $200,000/year, and pardon me if I feel no sympathy for those people after hearing the idiots of the Republican party call me and others like me lazy because I/we lost our jobs due to their failed economic policies. I think we need a sea change. Soak the rich and make them pay for the wars in the Middle East. They are the main benefactors of our role as global policeman anyway.

    July 24, 2010 01:30 pm at 1:30 pm |
  18. ib42

    No, senator...you don't get it. Do you really enjoy parroting your loser party's mantras about Mr. Obama?
    Have you repuglicans truly gone into metal lalaland? Bottom line, explain all the good that happened because of bush/cheney, please, please!

    July 24, 2010 01:33 pm at 1:33 pm |
  19. GI Joe

    Who voted NO – Hell NO – to all that would have created jobs?

    Vote NO to the Party of NO in NOvember.

    July 24, 2010 01:37 pm at 1:37 pm |
  20. PaulC

    What would you expect a Republican to say?
    God help us if the Republicans regain power.

    July 24, 2010 01:39 pm at 1:39 pm |
  21. JES

    No joke Obama and his thugs have made our debt higher than anybody before him great record you must be proud.

    I hope we can wait two more years until he is voted out of office.

    July 24, 2010 01:40 pm at 1:40 pm |
  22. Layla

    We have been struggling with democrat economic polices since 2006 when the Democrats took back control of the Congress. The president doesn't set the budget, Congress does.

    The American people are awake now and have learned a hard lesson.

    Mr. Pence, you and your associates will have just 2 years to get serious and prove to the voters that you can do better, that is if there are any incumbents left after the election on Nov. 2.

    I hope you know what you are in for.

    July 24, 2010 01:42 pm at 1:42 pm |
  23. Hendrik

    In some way I hope the Republicans take back the House (the Senate they won't get, thank God). Then they will have to start governing instead of just criticizing.

    They have followed the scortched earth approach, burning down everything in front of the President. Now you will have to live on the earth you burned.

    Funny thing is that President Obama already did most of everything he wanted to get done so it is a bit late.

    We will see, we will see.

    July 24, 2010 01:44 pm at 1:44 pm |
  24. Len Smith

    How can this congressman make statements like this and get away with it. The President is doing everything that needs to be done to try to improve the economy and he will continue to do so. Information like this does not help this country move forward. As the congressman knows if he would get onboard and work for the American people with the President we could do even better. How much money is corporate America sitting on in cash???????????

    July 24, 2010 01:45 pm at 1:45 pm |
  25. connie

    texan it wasn't the republican the last 2yrs of bush it was all democrats but dems don't want to say anything its the same ones that are still there until 2010. Obama is trying to do to much and please people who will vote for him and he has no leadership skill and that is why I didn't vote for him. The economy is not improving quit drinking the kool-aid and he doesn't want it to improve because he push his ideas if it improves. I am an independent voter and this country is so messed up with all the hate between both parties.

    July 24, 2010 01:47 pm at 1:47 pm |
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