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The Discovery Channel Hostage-taker, who was shot to death by police on Wednesday, said he did it because he hated the channel's programming. We'll bring you the latest.
Obama slams GOP Jobs plan Posted on 7/24/2010
President Barack Obama says an economic plan by House Minority Leader John Boehner, R-OH, just repeats job-killing policies of the past.
President Obama Comments President Obama said, "These are not new ideas. They are the same policies that led us into this recession. They will not create jobs. They will kill them. They will not reduce our deficit, they will add $1 trillion to our deficit. They will take us backward at a time when we need to keep America moving forward."
Obama called Boehner's new job creation plan as "surprisingly short, and sadly familiar."
He said that the Republican plan would "repeal health insurance reform" and rob millions of small-business owners of tax credits they would otherwise receive.
Obama said that the Republican plan would stop short of investing in clean energy technology, while maintaining the tax cuts for the wealthiest Americans.
President Obama said, "It took nearly a decade of failed economic policies to create this mess, and it will take years to fully repair the damage."
Obama said, "But I am confident that we are finally headed in the right direction. We are moving forward. And what we can't afford right now is to go back to the same ideas that created this mess in the first place."
Obama on Bush Tax Cuts Obama addressed calls by Republican members of Congress to extend the Bush-era tax cuts.
Obama said that he is focused instead on cutting taxes for the middle class.
He specifically mentioned the administration's tax relief efforts as well as reforms to the student loan and health care industries.
Obama said, "Our economic plan is also aimed at strengthening the middle class. That's why we've cut taxes for 95% of working families."
Obama said, "That's why we've offered tax credits that have made college more affordable for millions of students, and why we're making a new commitment to our community colleges. And that's why we passed health insurance reform that will stop insurance companies from dropping or denying coverage based on an illness or pre-existing condition."
