Obama: Republicans Voted To Reward Corporations Creating Jobs Overseas
In this weekend’s YouTube address, President Obama discussed his proposals to provide tax incentives for job creation in America, and attacked Republicans for wanting to keep tax loopholes open that reward job creation overseas.
“But Republicans in Washington have consistently fought to keep these corporate loopholes open. Over the last four years alone, Republicans in the House voted 11 times to continue rewarding corporations that create jobs and profits overseas – a policy that costs taxpayers billions of dollars every year,” said Obama. “That doesn’t make a lot sense. It doesn’t make sense for American workers, American businesses, or America’s economy. A lot of companies that do business internationally make an important contribution to our economy here at home. That’s a good thing. But there is no reason why our tax code should actively reward them for creating jobs overseas. Instead, we should be using our tax dollars to reward companies that create jobs and businesses within our borders.”
Pence: Americans Are Like The Trapped Chilean Miners
In this weekend’s Republican address, House Republican Conference Chairman Mike Pence (R-IN) compared the economic plight of Americans under Democratic policies to the recently rescued Chilean miners.
“Wherever I go, everyday Americans tell me they’re tired of runaway federal spending, bailouts and takeovers. And they tell me they’re worried that everything they’ve worked for could someday be gone,” said Pence. “This week, the world rejoiced as 33 miners emerged safely from months of dark captivity in a deep Chilean mine. Today, many Americans feel trapped under the weight of historic spending and government mandates. Every day, they see Washington putting our children and grandchildren deeper in a hole of historic debt. Something has got to give.”
Obama Aims To Aid Massachusetts Governor’s Re-Election
The Associated Press reports: “It’s a don’t-take-anything-for-granted message from President Barack Obama to his party: Even in the most reliably liberal states, no Democratic candidate is guaranteed victory in November. That helps explain Obama’s scheduled appearance Saturday afternoon at a Boston rally for Massachusetts Gov. Deval Patrick, a longtime friend and political ally. Republicans have tried to use Patrick’s close relationship with the president as a campaign wedge against the incumbent seeking a second term.”
Bill Clinton Stumps For Ex-Foe Jerry Brown
Reuters reports: “Former President Bill Clinton took to the stump on Friday night in support of former rival Jerry Brown as the two men publicly buried the hatchet ahead of the November 2 election for California governor. Clinton and Brown, who is in a close contest against Republican Meg Whitman in the gubernatorial election, were adversaries in the race for the 1992 Democratic presidential nomination. Their relationship has at times been testy, including a jab that Brown took at Clinton just weeks ago.”
For House Democrats, Politics Trumps Loyalty
The Associated Press reports: “Grasping to keep control of Congress, Democratic leaders are turning their backs on some of their staunchest supporters in the House and propping up stronger candidates who have routinely defied them on health care, climate change and other major issues. Raw politics — the drive to win a House-majority 218 seats, no matter how — is increasingly trumping policy and loyalty in these decisions, as Democrats shift money and attention in the closing days of the campaign toward races they can win and pull back from those seemingly lost.”
Obama, Hitting The Trail, Still Looks For Ways To Make His Message Stick
The New York Times reports: “President Obama is preparing to wage the final weeks of the midterm campaign with a theme he has been hammering for months — a plea that voters not embrace the Republican policies of the past. But the specifics of his closing argument remain in flux as the White House searches for a way to frame the message that connects with voters.”
Bernanke: Fed Prepared To Act To Boost Economy
The Washington Post reports: “Federal Reserve Chairman Ben S. Bernanke sent a strong signal Friday that the central bank is gearing up for a major new attempt to jolt an economy that is at risk of getting stuck in an entrenched pattern of sluggish growth. With little prospect of new fiscal stimulus from Congress and the unemployment rate near 10 percent, new Fed efforts to pump hundreds of billions of dollars into the economy by buying Treasury bonds may be the best remaining hope for stronger growth. But the Fed’s actions may have only a modest impact and could create all manner of risks for the economy.”
