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ICYMI: Chairman Priebus: "Six Signs Obama Doesn't Understand the Economy"

- July 19, 2012

Excerpts from Townhall

By: Chairman Reince Priebus

July 19, 2012

"Obama sees everything backward. Where Americans see individual achievement, he sees government's work...

1. "'You didn't build that!'

"Speaking at a recent fundraiser, President Obama declared, 'If you've got a business, you didn't build that. Somebody else made that happen.' By 'somebody else,' of course, he meant government...

"This comment is more than just appalling. It's insulting to every American small business owner and every entrepreneur who took a risk, started an enterprise, and put people to work...

2. "6 months. 106 fundraisers. 10 golf trips. 0 jobs council meetings.

"As of Wednesday, six months have passed since the last public meeting of President Obama's jobs council. When asked about this, White House Press Secretary Jay Carney replied, 'The president has obviously got a lot on his plate.'...

3. "Calling bankruptcy 'successful and innovative'

"Obama campaign spokeswoman Lis Smith told the Detroit News this week that Solyndra was a 'successful and innovative' company. Yes, Team Obama says the company that went bankrupt and laid off 1,800 workers was 'successful.'...

"Since taking office, President Obama has delivered neither success nor innovation. Maybe it's because he doesn't even know what those words mean.

4. "Creating jobs in Finland

"Like Solyndra, Fisker Automotive received $500 million in stimulus-backed loans from the Obama administration, promising to create jobs for American workers. Its Delaware plant now sits shuttered. Unlike Solyndra, however, Fisker did not go bankrupt. It's still making cars-in Finland.

5. "Pushing job-killing tax increases

"After the latest dismal jobs report, President Obama's first policy proposal was...higher taxes...

6. "'The private sector is doing fine.'

"Before 'you didn't build that' came 'the private sector is doing fine.' President Obama's denigration of the private sector and free enterprise is now a chronic condition...

"President Obama sees everything backward. Our economy is upside down. Clearly, it's time for a new direction."

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