U.S. President Barack Obama holds up a football presented to him during a ceremony presenting the Commander-in-Chief Trophy to the Air Force Academy football team in the Rose Garden at the White House in Washington, April 18, 2011. REUTERS/Jim Young
Posted on 04/18/2011 4:54:03 PM PDT by NormsRevenge
WASHINGTON (AFP) – President Barack Obama this week takes his 2012 reelection bid cross-country, to the airwaves and to Facebook, pushing a prescription for long-term US fiscal health that includes tax hikes on the richest Americans.
Obama, whose audacious 2008 White House bid leaned heavily on social networking sites, will hype his "Shared Responsibility and Shared Prosperity" plan at Facebook's Palo Alto, California headquarters on Wednesday.
"I hope you'll take a break from either friending or defriending each other to RSVP at facebook.com/whitehouse," he joked in a video posted online Monday.
The US president's campaign-style blitz came as Republicans redoubled their attacks on his handling of the struggling US economy and promoted their "Path to Prosperity" blueprint for reining in the country's galloping deficits.
And ratings agency Standard & Poor's cut the outlook on US sovereign debt to "negative" Monday, sending stocks plunging as it doubted Washington's ability to tackle its huge debt and fiscal shortfalls.
"As S&P made clear, getting spending and our deficit under control can no longer be put off for another day," warned Republican House Majority Leader Eric Cantor. "Serious reforms are needed to ensure America's fiscal health."
Obama has agreed on the need for spending cuts while warning against trimming investments in education or infrastructure, and emphasizing that the wealthiest Americans could stand to pay more in taxes.
"People like me don't need another tax cut," he said in his weekly address on Saturday as Americans raced to file their taxes by a Monday deadline.
(Excerpt) Read more at news.yahoo.com ...
U.S. President Barack Obama holds up a football presented to him during a ceremony presenting the Commander-in-Chief Trophy to the Air Force Academy football team in the Rose Garden at the White House in Washington, April 18, 2011. REUTERS/Jim Young
U.S. President Barack Obama laughs as he greets guests in the audience after presenting the Commander-in-chief trophy to the Air Force Academy Football team in the Rose Garden of the White House in Washington, April 18, 2011. REUTERS/Jason Reed
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U.S. President Barack Obama holds a jersey presented to him by Air Force Academy defensive back Reggie Rembert during a ceremony presenting the Commander-in-Chief Trophy to the Air Force Academy football team in the Rose Garden at the White House in Washington, April 18, 2011. REUTERS/Jim Young (UNITED STATES - Tags: POLITICS SPORT FOOTBALL)
It's a shame he'll need to find a new one soon.
Because of the size of the shortfall, the size of the tax increases he is talking about are huge. I wonder when people will figure this out?
Correction: Obama to launch big-budget campaign blitz.
“I wonder when people will figure this out?”
When will people figure out there are not enough “rich” people to tax? Barry is spending at a european welfare state level. The only way to pay for it is to tax the middle class at a european level AND lower their standard of living. Smaller houses, smaller cars, etc. Pure evil.
I wish just one Republican would say: “If you want your children to have less than you do vote for Barack Obama” Because that is exactly what Obama is doing.
Like the proverbial arsonist who directs the firemen to the blaze.
“”People like me don’t need another tax cut,” he said...”
What Looter and Moocher does?
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