Jul 7
Short and tweet: Obama’s economic policy, 140 characters at a time
Editor’s Note: President Barack Obama’s spoken answers to questions about economic policy at yesterday’s Twitter Town Hall far exceeded the social media service’s 140-character limit for messages. But the White House performed the public service of condensing the President’s answers into bite-size tweets. For Constitution Daily readers who like their economics pithy, here are highlights from the official tweet version of the president’s Town Hall remarks. You can find the White House Twitter page by clicking here.
On economic growth
We need commitment to our individualism, creativity, idiosyncrasies- but also to each other. Need to invest in future as always have.
President Barack Obama. Flickr photo by transplanted mountaineer
On welfare costs
Some welfare programs poorly designed, but not biggest driver of debt. Many struggling now need support, looking to get them back to work
On defense spending
Defense budget can be cut, must be done gradually and responsibly. So big that modest changes can help lots w/ other programs like Ed
On taxes
Facts are that a modest increase in taxes for wealthiest doesn’t hurt economy; 90s boom, 2000s slowed. Not like we haven’t tested.
On foreign aid
Foreign aid tiny part of budget, can be a “force multiplier” in areas around the world, big security benefit for relatively small $
On the space program
Continues to support space exploration, but rather than just continue same thing, let’s invest in tech advances for “next horizon”
On tax cuts
Make permanent Bush tax cuts for low/middle earners who are struggling, solve debt issue with smart, balanced, common sense approach
On oil independence
Good 4 economy, good 4 security, good 4 planet. No serious energy policy in decades
On financial reform
We’ve pushed “more reform, more vigorously” than previous Administrations, don’t just need investments, need reform
On investing in education
Every time we’ve made a public investment in education, it’s paid off many times over…we’ve got to get our priorities straight
On mortgage foeclosures
Sorting through who owns what in housing market is tough, so is finding arrangement that works to keep people in homes, still working
On tax rates
but having oil cos close loopholes, wealthiest like him go back to Clinton rates better than gutting Head Start, Medicare etc
Tax rates lower than they have been under previous Presidents…
On debt-ceiling negotiations
More important, US default can’t be threat for protection of tax loopholes for very richest Americans
Disagrees w/ premise that Rs would’ve agreed to debt ceiling hike in November, got help for economy & struggling Americans in deal…
On tax incentives to hire vets
We’d like to combine a tax incentive for hiring veterans w/ a campaign to urge businesses to do the right thing on their own
On small businesses
Passed many tax cuts and incentive for small business, looking for other ways to make capital available, more
On homeowners under water
Have made some progress, but more needed, looking at options
On collective bargaining
All of us will have to make adjustments for 21st Century, but principle of collective bargaining must be protected
Collective bargaining responsible for so many benefits/ protections we take for granted on the job…
On clean energy investments
Biggest clean energy investments in history, on track for massive increase in market share in advanced car batteries, much more
On immigration reform
Obama: Working w/ biz, others, on ways to streamline visas so we don’t educate people then make them leave to compete against us…
On debt limit and his powers under the 14th Amendment
Folks “shouldn’t be toying with” debt limit; on 14th Amendment, we shouldn’t even get there, Congress must act
On higher ed
We reformed student loans to help students not banks; talking w/ universities to bring down costs, promote needed skills
…Need investment in education & infrastructure for both
On tech vs manufacturing for recovery
not either/or, need tech for innovation, manufacturing to make the innovations…
On what he’d have done dif. on economy
Explain more fully depth of recession, prepare people for tough decisions, better on housing
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And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
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And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
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And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
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And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
And yet not a thing mentioned about social security. Avoidence.
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