Opposition to Obama's latest stimulus boondoggle his so-called "jobs bill."
OBAMA: "If it turns out that there are Republicans who are opposed to this bill, they need to explain to me, but more importantly to their constituencies and the American people, why they're opposed, and what would they do."
THE FACTS: Republicans their objections to Obama's latest stimulus plan. In a memorandum to House Republicans Sept. 16, House Speaker John Boehner and members of the GOP leadership said they could find common ground with Obama on the extension of certain business tax breaks, waiving a payment withholding provision for federal contractors, incentives for hiring veterans, and job training measures in connection with unemployment insurance.
They objected to new spending on public works programs, suggesting instead that Congress and the president work out those priorities in a highway spending bill. And they raised concerns about Obama's payroll tax cuts for workers and small businesses, arguing that the benefits of a one-year tax cut would be short-lived. The memo also pointed out that reducing payroll taxes, which pay for Social Security, temporarily forces Social Security to tap the government's general fund. And it opposed additional spending to prevent layoffs of teachers, police officers and other public workers.
OBAMA: "Every idea that we've put forward are ones that traditionally have been supported by Democrats and Republicans alike."
THE FACTS: Obama proposes to pay for his jobs bill by raising taxes, something traditionally opposed by Republicans and, in the form Obama proposed it, even some Democrats. Senate Democrats were also to Obama's approach, which relied largely on limiting deductions that can be taken by individuals making over $200,000 a year and couples making more than $250,000, that they're eliminating it and proposing a new tax on millionaires instead.
According to the Associated Press, in claiming bipartisan support for the components of his stimulus, the president appears to be referring just to what the plan would do, not how it's paid for, but that's a crucial distinction Obama doesn't make.
On Regulation Rollbacks
OBAMA: "The answer we're getting right now is: Well, we're going to roll back all these Obama regulations... Does anybody really think that that is going to create jobs right now and meet the challenges of a global economy?"
THE FACTS: Well, yes, some think it will. The U.S. Chamber of Commerce last month submitted a jobs proposal to Obama that included a call to ease regulations on businesses. It specifically called for streamlining environmental reviews on major construction projects and to delay the issuance of some potentially burdensome regulations until the economy and employment have improved. In the letter, Chamber President Thomas Donohue also called on Congress to pass legislation that would require congressional approval of major regulations.
The Associated Press didn't mention it, but even Obama believes it. Otherwise, why would he have blocked the EPA's job killing smog regulation?
There is more. The Associated Press also looked at Obama's assertions about tax cuts and China's currency manipulation.