'Mistake' to Dress Down Paul Ryan to His Face in Budget Speech, Obama Said
President Obama told author Bob Woodward that he didn't know Rep. Paul Ryan was going to attend a major speech he delivered last year on spending and debt, and says in retrospect that it was "a mistake" to dress down Ryan and his budget plans to his face in that setting.
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Since: Jul 07
#1 Sep 11, 2012
you can't have it both ways, mr. president:
If George Bush was responsible for the hole, but the Obama administration could take credit for the modest growth in 2010, how can Bush now be held responsible for the slump since 2010?
Geithner was on even shakier ground when, during a TV interview, he explained how the Bush administration had caused the crisis.You saw the government of the United States living way beyond its means, borrowing with from future generations to finance a set of programs and tax cuts, without paying for them. Bush deserves blame for overspending, but no one lives in a more fragile glass house than Obama on that measure.
If Geithner and Obama knew in 2010 that the economy was too damaged by Bush to repair, why didnt they say so then? The answer is obvious. They truly believed that a huge Keynesian spending program would work to stimulate the private economy. That misplaced faith was the reason Obama could confidently assure Matt Lauer that if the economy werent fixed in three years, hed be held accountable.
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