Politics

Obama slams GOP ‘Pledge’ as giveaway to millionaires, Wall Street

Tom Sileo Contributor
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With five weeks remaining before November’s midterms, President Obama is slamming the Republicans’ legislative agenda as a gift to the wealthy at the expense of the middle class. 
 
The GOP’s “Pledge to America,” Obama said Saturday during his weekly radio address, promotes “the very same policies that led to the economic crisis in the first place.” 

“It is grounded in the same worn-out philosophy: cut taxes for millionaires and billionaires; cut the rules for Wall Street and the special interests; and cut the middle class loose to fend for itself,” Obama said. 

“That’s not a prescription for a better future. It’s an echo of a disastrous decade we can’t afford to relive.” 
Unveiled by House GOP leaders Thursday, the 21-page “Pledge” broadly outlines the Republicans’ legislative plans for creating jobs, trimming deficits and reducing the size and scope of the federal government. The document also aims to demonstrate to voters that Republicans — who are widely expected to take control of the House in November — are ready with a governing philosophy if those predictions ring true.
The Pledge, Rep. Kevin McCarthy (R-Calif.) said Saturday in the Republicans’ weekly radio address, “embodies Americans’ rejection of the notion that we can simply tax, borrow and spend our way to prosperity.” 

Full story: Obama slams GOP ‘Pledge’ as giveaway to millionaires, Wall Street – TheHill.com