Obama talks fiscal reform at town hall-style meeting
April 19th, 2011
12:53 PM ET
4 years ago

Obama talks fiscal reform at town hall-style meeting

Washington (CNN) - Facing a possible future downgrade of America's credit rating, President Barack Obama on Tuesday told the first of three town hall-style meetings this week that a "big philosophical divide" exists between his approach to deficit reduction and how Republicans think.

The hour-long event at Northern Virginia Community College brought few challenging questions from a mostly student audience that cheered Obama and applauded his major policy statements.

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Filed under: President Obama
soundoff (19 Responses)
  1. A Real American

    Funny, though, no mention in the corporate media of the Levin/Coburn Report in which both liberals and conservatives call for the prosecution of the Wall Street banksters who crashed the economy. Come on, media, it doesn't get more bipartisan than that. Pick up on it!

    April 19, 2011 12:57 pm at 12:57 pm |
  2. ConservaFascists/FUBAR

    "big philosophical divide"

    You got that right jack. Democrats believe in democracy while republicans believe in fascism. There's no bridging the two.

    April 19, 2011 12:59 pm at 12:59 pm |
  3. Wire Palladin, S. F.

    How republicans think? I disagree, as there is little thought that goes into their constant contradictions of their own positions, leaving thought processes along the side of the road.

    April 19, 2011 01:03 pm at 1:03 pm |
  4. Rudy NYC

    Jobs, Jobs, Jobs. Mr. President, leave the professor in the back. They can do without a lecture on economic theory, Rocky.

    Hit 'em over the head with facts, not philosophy and idelogy. College age kids are most concerned about jobs. For most, the future is an abstract that they have not yet realized they do not understand as well as they should.

    April 19, 2011 01:04 pm at 1:04 pm |
  5. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    While news of the S&P report dominated headlines and broadcasts, there was no mention of it at Tuesday's event by either Obama or any of those who questioned him.
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    As is always the case, fiscal reality is never a part of Obama's world, or the world in which his supporters live. It is as if they never had a job, were responsible for paying their bills, or needed to plan for the future. Complete and total fiscal illiterates. Unfortunately, these people have been running the country and this is why we are, where we are, on the brink of financial ruin.

    So when all "the rich" people lose their money, who will pay for all the "poor people"? Riddle me that, Democrats.

    April 19, 2011 01:05 pm at 1:05 pm |
  6. Name king

    We have to raise taxes on every one by 1 cent, 2 cent on the rich, 1 cent for corporations who hires folks, 1 cent tax on entitlement programs if we want them in the future, cuts in the military, especially if they Are in some other country using American tax dollars to boast other country's economy like germany. start drawing down in Afghanistan and iraq, using more tactical forces, and not the none essential big forces that is draining American tax payer, we cannot drain the spenders who creates jobs in our country and keep money circulating in the economy, unlike the rich who keep drawing trillions of dollars from the economy and putting it in china to boast their economy.

    April 19, 2011 01:07 pm at 1:07 pm |
  7. Beamer

    Talks fiscal reform – thats a good laugh. Obama is the biggest scammer & liar we have had in the White House in my lifetime.

    April 19, 2011 01:08 pm at 1:08 pm |
  8. Wire Palladin, S. F.

    If I was a liar, I would become a republican birther, bagger, or bigot. Republican social conservatism will cause government to grow, while fiscal conservatism would have meant that the unfunded Bush tax cuts would expire, republican unfunded unnecessary wars would be ended, and tax breaks for big corporations and big oil would be eliminated.

    April 19, 2011 01:08 pm at 1:08 pm |
  9. bill

    Your two year approach to fiscal responsibility has been a failure, Mr. President. Please, just go on another vacation and leave the country alone.

    April 19, 2011 01:08 pm at 1:08 pm |
  10. Four and The Door

    Did Obama tell them also why his Administration increased America's debt by $2 trillion each of his first 2 years, increasing the debt by 40% and that they are the generation that get's to figure out how to pay it back? I doubt they would applaud the truth here!

    So in December 2008 Larry Summers, his Economic Advisor came out in support of tax cuts to improve the economy, reduce unemployment and actually increase government revenues in the long run. But now Obama wants to start increasing taxes anyway. He has to. He has a spending habit to support.

    April 19, 2011 01:09 pm at 1:09 pm |
  11. Sniffit

    "how Republicans think."

    Now there's a faulty premise if I ever saw one. Ideology = world-class end-around of logical, rational, fact- and evidence-based thought processes. GOPers take the short cut...easy mode...pathological adherence to ideology allows them to stand around in a room full of nodding heads and say borderline psychotic things like "Who cares about the past 60 years of the rich getting richer and the poor getting poorer and the middle-class starting to shrink? The answer is simple: we need to do more of what we've been doing...we need to enact policies that will accelerate the already existing wealth redistribution to the already wealth and corporations. They don't actually want it ALL...so once we get them rich enough that they reach their threshhold, they'll suddenly stop consolidating and hording all the wealth and assets in the country." That's not thinking. That's denial. That believing really hard that you get to tell reality how to function despite reality telling you for half a century that it's not interested in your daydreams.

    April 19, 2011 01:21 pm at 1:21 pm |
  12. jblah

    it is nice to have a president who doesn't have preselected questions thrown at him.

    April 19, 2011 01:25 pm at 1:25 pm |
  13. SMSUSAF

    Spend and Tax Obama is talking about not spending more then you take in... He has been spending 40% more then we take in for the last two years a 85% increase over BUSH who spent to much too

    April 19, 2011 01:34 pm at 1:34 pm |
  14. Proud member of "Global Zero"

    I have a question. Is the S&P the same rating service that gave the trading of derivatives a "Triple A Rating"

    April 19, 2011 01:55 pm at 1:55 pm |
  15. Nikki

    Keep getting outside of d.c. To talk to regular americans. Stay strong against g.o.p.

    April 19, 2011 02:00 pm at 2:00 pm |
  16. Tim

    I wish I was there so that I could shoot a spitball at him. Is there anyone who has done less for the country while claiming to have done more?

    April 19, 2011 02:03 pm at 2:03 pm |
  17. Tim

    Let's watch the MSM fawn all over this imbicile.

    April 19, 2011 02:04 pm at 2:04 pm |
  18. VoiceOfTruth

    Obama...spend a few more trillions of taxpayers money tax us to death to cover your running away with the national checkbook then have a meeting to figure out how to reform things? Obama you are insane....go back to Kenya and take the rest of your democraps with ya...polease!

    April 19, 2011 02:13 pm at 2:13 pm |
  19. Rick McDaniel

    Obama wouldn't know fiscal reform, if it knocked him flat to the floor.

    April 19, 2011 02:31 pm at 2:31 pm |