The Leader Board
Jul 26 2012
McConnell: 'They're Not Even Pretending To Care About The Economy'
SEN. MITCH McCONNELL: "They're not even pretending to care about the economy. They've sort of given up on the argument that this is about the economy. We know that because two years ago the Democrats agreed that this tax increase, they're now fighting to increase - two years ago they agreed it would hurt the economy. So let's look at the economy then and the economy now. At a time when economic growth was 3.5 percent back in December of 2010, 40 Democrats over here voted to keep rates where they were on the grounds that it was the best thing to do for jobs. December 2010, 40 Democrats voted to keep tax rates where they were because it was the best thing for jobs. Yet now, when the growth rate is 2 percent - 3.5 percent then, 2 percent now - and 13 million Americans are still out of work, they're voting to slam nearly a million businesses with a tax increase. Now, maybe they're expecting the GDP numbers tomorrow to be 3.5 percent. We'll see." (Sen. Mitch McConnell, Floor Remarks, 7/26/12)
Today's Economy Weaker Than When Obama Extended All Tax Rates
2010 Economic Growth: 3.5%
Real GDP growth over the four quarters before Dec. 2010 tax rate extension: 3.5%
2012 Economic Growth: 2.0%
Real GDP growth over the previous four quarters: 2.0%
In 2010, Obama Said Tax Increases 'Would Have Been A Blow To Our Economy'
PRESIDENT OBAMA: "…tax rates for every American were poised to automatically increase on January 1st… would have been a blow to our economy just as we're climbing out of a devastating recession." (President Obama, Remarks At Bill Signing, 12/17/10)
- OBAMA: "If we allow these taxes to go up, the result would be that a lot of people most likely would spend less, and that means that the economy would grow less." (President Obama, Remarks, Kokomo, IN, 11/23/10)
- OBAMA: "You don't raise taxes in a recession." ("Obama: We Must 'Help Elkhart Reinvent Itself,'" MSNBC, 8/5/09; Video Here)
40 Current Senate Democrats Voted To Extend Current Tax Rates In 2010: Akaka (D-HI), Baucus (D-MT), Begich (D-AK), Bennet (D-CO), Boxer (D-CA), Brown (D-OH), Cantwell (D-WA), Cardin (D-MD), Carper (D-DE), Casey (D-PA), Conrad (D-ND), Coons (D-DE), Durbin (D-IL), Feinstein (D-CA), Franken (D-MN), Inouye (D-HI), Johnson (D-SD), Kerry (D-MA), Klobuchar (D-MN), Kohl (D-WI), Landrieu (D-LA), Lieberman (ID-CT), Manchin (D-WV), McCaskill (D-MO), Menendez (D-NJ), Mikulski (D-MD), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Reed (D-RI), Reid (D-NV), Rockefeller (D-WV), Schumer (D-NY), Shaheen (D-NH), Stabenow (D-MI), Tester (D-MT), Warner (D-VA), Webb (D-VA), Whitehouse (D-RI). (H.R. 4853, Roll Call Vote #276, Motion Agreed To 81-19: R 36-5, D 44-13, I 1-1, 12/15/10)
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