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Response To Biden's Speech At GWU

RNC Communications - April 28, 2014

With Vice President Joe Biden speaking at George Washington University, wanted to make sure you saw the RNC’s Research Department blog post titled, “Biden In Economic Fantasyland.”  

Additionally, wanted to pass this statement along from the RNC:

“This is just a desperate speech to distract from the fact that only 2 Democrats on Capitol Hill supported President Obama’s budget.  Rather than throwing rocks from the sidelines, President Obama and Vice President Biden should work with Republicans in producing a budget that will lower taxes, restrain spending and create good-paying jobs.”  Jahan Wilcox, RNC Spokesman   

 

Biden In Economic Fantasyland 

This Afternoon, Biden Will Speak At George Washington University On The Budget And Economic Policy. “On Monday, Biden will deliver remarks on budget and economic policy at The George Washington University, the White House said.” (Reid Wilson, “READ IN: Friday, April 25, 2014,” The Washington Post’s Post Politics Blog, 4/25/14)

  • Biden’s Speech Is Expected To Recycle Campaign-Style Attacks On The House Republican Budget. “Vice President Biden on Monday will launch a blistering critique of the House Republican budget plan, kicking off a midterm campaign effort aimed at winning votes by pointing to what Democrats say would be the catastrophic effects of the conservative vision shaped by House Budget Committee Chairman Paul Ryan (R-Wisc.)… By doing so, Biden will reprise a Democratic strategy that worked well in 2012, but faces a far more challenging electoral terrain this year.” (Zachary Goldfarb, “Biden To Launch Critique Of House Republican Budget,” The Washington Post’s Post Politics Blog, 4/28/14)

WHAT YOU WON’T HEAR IN BIDEN’S SPEECH: THE OBAMA ECONOMY STILL ISN’T WORKING FOR AMERICANS SEARCHING FOR GOOD-PAYING JOBS

According To A New Report, Obama’s “Sluggish Recovery” Has Left Americans With Primarily “Low-Wage Work” Instead Of The “High-Wage And Middle-Wage Jobs” Wiped Out In The Recession. “The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.” (“The Low-Wage Recovery: Industry Employment And Wages Four Years Into The Recovery,” National Employment Law Project, 4/2014)

According To The Study, 1.9 Million More High-Wage And Middle-Wage Jobs Were Lost During The Recession Than Have Been Recovered. (“The Low-Wage Recovery: Industry Employment And Wages Four Years Into The Recovery,” National Employment Law Project, 4/2014)

  • 1.8 Million More Low-Wage Jobs Have Been Gained Since The Recession Than Were Lost, The Only Category To See Growth. (“The Low-Wage Recovery: Industry Employment And Wages Four Years Into The Recovery,” National Employment Law Project, 4/2014)

Low Wage Jobs In The Food Services, Administrative, And Retail Industries Have Accounted For 39 Percent Of Private-Sector Employment Gains Over The Past Four Years. “The food services and drinking places, administrative and support services (includes temporary help), and retail trade industries are leading private sector job growth during the recent recovery phase (Figure 4). These industries, which pay relatively low wages, accounted for 39 percent of the private sector employment increase over the past four years.” (“The Low-Wage Recovery: Industry Employment And Wages Four Years Into The Recovery,” National Employment Law Project, 4/2014)

Jobs In Construction, Durable Goods Manufacturing, Wholesale Trade, Transportation, And Other Associated Industries Remain “Far Below Peak Levels.” “Construction, durable goods manufacturing, wholesale trade, transportation and warehousing—industries often associated with good-paying, blue-collar jobs—also posted strong employment growth during the recovery. However, because of the magnitude of job losses, employment in construction, durable goods manufacturing, and wholesale trade remains far below peak levels, while employment in transportation and warehousing just barely exceeds the previous peak.” (“The Low-Wage Recovery: Industry Employment And Wages Four Years Into The Recovery,” National Employment Law Project, 4/2014)

FLASHBACK: Biden Was Supposed To Be The Obama Administration’s Point Person On A Job Training Initiative To Match Americans With “Good” Jobs. “Vice President Biden's latest marching orders are to help Americans get the skills they need for good, in-demand jobs. President Obama announced the plan during Tuesday night's State of the Union Address. On Thursday, he signed an order for an "across-the-board" review, to be led by Biden, of how to reform federal training programs to help make them more job-driven.” (Nicole Gaudiano, “Biden To Lead Job-Training Effort,” USA Today, 1/31/14)

AND BEFORE LAUNCHING CAMPAIGN-STYLE ATTACKS, BIDEN MAY WANT TO EXAMINE HIS OWN WIDELY-PANNED BUDGET

According To The Nonpartisan Congressional Budget Office, Obama’s Budget Would Raise Tax Revenue By $1.4 Trillion Over Ten Years – “Much More Than Claimed By The White House.” “CBO also says Obama's budget contains $1.4 trillion in tax increase over a decade, much more than claimed by the White House.” (Andrew Taylor, “CBO On Obama Budget: Higher Deficits Than Claimed,” Associated Press, 4/17/14)

By The End Of His Second Term, Federal Debt Would Reach $19.5 Trillion Under Obama’s Budget. (“The President’s Budget For Fiscal Year 2015,” OMB, 3/4/14)

  • Under Obama’s Budget The Federal Debt Would Reach $25 Trillion By 2024. (“The President’s Budget For Fiscal Year 2015,” OMB, 3/4/14)

$6.6 Trillion In Cumulative Deficits Over Ten Years Were Included In Obama’s Budget. (“An Analysis of the President’s 2015 Budget,” CBO; 4/17/14)

Obama’s “Shifting Priorities Means A Budget That Never Balances At Any Point In The Next Decade.” “Shifting priorities means a budget that never balances at any point in the next decade, lays waste to the spending caps that the White House and Congress agreed to late last year and imposes higher taxes on the wealthy to pay for more spending on programs that benefit those further down the income ladder.” (David Espo, “Analysis: Obama Budget Tries To Have It Both Ways,” Associated Press, 3/5/14)

Obama’s Budget Has Been Roundly Dismissed As A “Campaign Platform”

Obama’s Budget “Is Just The Latest In A Long Line Of Plans” Failing To “Deliver What The Country Most Needs.” “In that respect, Mr. Obama’s budget is just the latest in a long line of plans, from Democrats and Republicans, that fails to deliver what the country most needs. Sooner or later, change must come, and preferably before a crisis forces it on us.” (Editorial Board, “Obama Budget Avoids Needed Entitlement And Tax Reform,” The Washington Post, 3/4/14)

Obama’s Objective With His Budget “Is Political Rather Than Legislative” Meant To Give Democratic Candidates “A Campaign Platform.” “The objective is political rather than legislative — a book-length compendium of proposals meant to give Democratic congressional candidates a campaign platform at a time when economic disparity is a major concern for millions trying to dig out from the worst recession in decades.” (Dave Espo, “Analysis: Obama Budget Tries To Have It Both Ways,” The Associated Press, 3/5/14)

The Washington Post’s Dana Milbank:“By Universal Agreement, Obama’s Budget Is Dead On Arrival On Capitol Hill – And The White House Wasn’t Really Pretending Otherwise.” (Dana Milbank, “A Budget Without A Vision,” The Washington Post, 3/5/14)

Democrats Would Rather Fight Over The Budget Than Have The Election Be A Referendum On The Slow Economic Recovery, ObamaCare, Or Obama Himself. “Enter the budget — and the contrast Democrats hope to set up with a Republican alternative. That would be far better, in their view, than an election that is a referendum on the slow recovery from the deepest recession in decades, Obama's general stewardship across five years in office, the health care law and whatever else is contributing to the curdled national mood.” (Dave Espo, “Analysis: Obama Budget Tries To Have It Both Ways,” The Associated Press, 3/5/14)


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