Apr 172012
 


Wallace kept Axelrod on defense and off balance throughout.

Like his boss, Axelrod seems almost at a loss to respond once the talking points are challenged. But I imagined his invitation to choose “between economy that produces a growing middle class and gives people a chance to get ahead and their kids a chance to get ahead and an economy that continues down the road we are on, and everybody else is running faster and faster just to keep pace,” might just become a Mitt Romney campaign ad. Obviously, the only thing left to do is to scare people that unless we re-elect President Obama we’ll be going back to the bad old days of President George W. Bush.

There was plenty more that Axelrod said that was downright wrong or misleading.

~ Highlights from Chris Wallace Questions:

WALLACE: That’s absolutely true. But when you talk about social Darwinism, radical, making the Contract with America look like the New Deal — first of all, you don’t know if it’s massive tax cuts for the wealthy because — and this is a fair criticism. But the Ryan budget, they say that they are going to come up with closing loopholes for the wealthy. And when you talk about these massive spending cuts, the fact is all it’s doing is reducing the rate of the growth in spending.

WALLACE: In the last week, the president has made a couple of major speeches and devoted his entire weekend media address to the Buffett rule. When the president introduced the Buffett Rule last September, he said it was a matter of fairness and this is the quote, we also stabilize our debt and deficits for the next decade.

But here’s the math: the Buffet Rule that millionaires should pay a minimum tax of 30 percent would bring in $47 billion over the next decade, while the president’s budget adds $6.4 trillion to the deficit over the next decade.

NOTE: The buffet Rule FAILED because it was a ‘Con’. WaPo is spinning that the GOP stopped it. Hello! The Senate is Dem rule.


Senate Republicans blocked President Obama’s so-called “Buffett Rule,” as the proposed minimum tax rate for millionaires failed to advance in a procedural vote Monday.

The measure received majority support, 51-45, but 60 votes were required for the legislation to advance.

At the White House, Obama denounced the vote, saying Republicans chose “once again to protect tax breaks for the wealthiest few Americans at the expense of the middle class.” In a statement issued after the vote, he said he would keep pressing Congress to help the middle class.

Republicans called the measure a divisive Democratic distraction from the nation’s real problems that would not address the economy’s real woes.

WALLACE: I am — if I may, David, I am going to get into a lot of that with Ed Gillespie in the next segment. But you would certainly agree that when the president introduced it last September, he said the Buffet Rule would, quote, “stabilize our debt and deficit over the next decade” — that wasn’t true.

Read it in Full…

Transcript

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