RNC: A Referendum On Me

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Jul 25, 2011, 08:15 ET

Obama Says The 2012 Election Will Be A Judgment On His Failed Record As President

WASHINGTON, July 25, 2011 /PRNewswire-USNewswire/ -- The following was released today by the Republican National Committee:

(Logo: http://photos.prnewswire.com/prnh/20080519/RNCLOGO)

Click To Watch Obama Admit 2012 Election Will Be A Referendum On His Failed Policies

President Obama: "They do expect that their President is going to be thinking about them every single day. And is going to be focused on how we win the future. And if next November they feel like I've been on their side, and I've been working as hard as I can, and I've been getting some things done to move us in the right direction, I'll win. If they don't, then I'll lose. And that's not to say the other candidate is irrelevant. But it does mean I'll probably win or lose depending on their assessment of my stewardship."(KMBC, 7/20/11)

THE OBAMA REFERENDUM: JOBS

Since President Obama Took Office, The Nation Has Lost 2.5 Million Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Unemployment Rate Increased From 7.8 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Unemployment Rate Has Remained Above Eight Percent For A Post-WWII Record 29 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Average Length Of Unemployment Has Risen From 19.9 Weeks To 39.9 Weeks. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

The Number Of Americans Unemployed For 27 Weeks Or Longer Has Risen From 2.7 Million To 6.3 Million. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)
The Real Unemployment Rate, Including Those Who Are Working Part-Time For Economic Reasons, Has Risen From 14.1 Percent To 16.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

THE OBAMA REFERENDUM: $831 BILLION STIMULUS

Since President Obama's $831 Billion Stimulus Bill Passed, The Unemployment Rate Has Increased From 8.2 Percent To 9.2 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

FLASHBACK: Obama Promised Unemployment Would Not Rise Above 8 Percent With Stimulus. (Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan," 1/9/09)

The Unemployment Rate Has Remained Above Eight Percent For A Post-WWII Record 29 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 7/21/11)

THE OBAMA REFERENDUM: SPENDING

Since President Obama Took Office, The National Debt Has Increased By $3.7 Trillion. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)

Currently, The Total Debt Of The US Government Is $14.3 Trillion Dollars. (Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov, Accessed 7/21/11)
Obama's FY2012 Budget Adds $12 Trillion In New Debt Through 2021. (Fiscal Year 2012 Budget Of The U.S. Government, Office Of Management And Budget, 2/14/11)

The Federal Budget Deficit For FY2009 Was $1.42 Trillion, Then The Highest In U.S. History. ("Monthly Budget Review: Fiscal Year 2010," Congressional Budget Office, 10/7/10)

The Federal Budget Deficit For FY2010 Was $1.29 Trillion, The Second Highest In U.S. History. (Fiscal Year 2012 Budget Of The U.S. Government, Office Of Management And Budget, 2/14/11)

The Federal Budget Deficit For FY2011 Is Projected To Reach $1.65 Trillion. (Fiscal Year 2012 Budget Of The U.S. Government, Office Of Management And Budget, 2/14/11)

THE OBAMA REFERENDUM: OBAMACARE

Under ObamaCare, Just Because You Like Your Health Care Plan Doesn't Mean You're Going To Be Able To Keep It. "But now that regulations about existing employer-sponsored plans have been issued, it's becoming clear that many of the 160 million Americans with job-based coverage will not, in fact, be able to keep what they currently have." (Kate Pickert, "How Health Reform Will Impact Existing Plans," Time, 6/24/10)

Obama Pays For His Government Takeover Of Health Care With Nearly $491.7 Billion In Job-Killing Taxes On Small Businesses, Investments And Innovation. (Douglas W. Elmendorf, Letter To The Honorable Nancy Pelosi, Congressional Budget Office, 3/20/10; "Estimated Revenue Effects Of The Amendment In The Nature Of A Substitute To H.R. 4872: JCX-17-10," Joint Committee On Taxation, 3/20/10)

GAO Report Finds "Significant Increase In Premiums." "'We[GAO] found that (the Center for Consumer Information and Insurance Oversight) granted waivers mostly for applications that projected the annual limit restriction would result in a significant premium increase of more than 10 percent, in addition to a significant decrease in access to benefits,' the report said. 'Conversely, most of the denied applications projected a premium increase of 6 percent or less.'" (Julian Pecquet, "Audit Doesn't Fault Healthcare Reform Waivers," Health Watch," 6/14/11)

Obama Promised His Plan Would "Bring Down Premiums By $2500 For The Typical Family." (Sen. Barack Obama, Remarks Of Senator Barack Obama Economic Roundtable With Democratic Governors, Chicago, IL, 6/20/08)

THE OBAMA REFERENDUM: "CHANGING" WASHINGTON

Obama: "I Want To Be Clear About This: We Cannot Tolerate Business As Usual, Not In Washington, Not In Our State Capitals, Not In America's Cities And Towns" (Barack Obama, CNN's "Campbell Brown: No Bias, No Bull," 2/20/09)

Candidate Obama Pledged To End "Business As Usual." OBAMA: "In this election our party can't stand for business as usual in Washington. The Democratic Party must stand for change, not change as a slogan, not change as a bumper sticker but change we can believe in. That's what this campaign is all about." (Barack Obama, CNN's "CNN Newsroom," 2/10/08).

Obama's Promises Of Change Were "Either Hopelessly Naive" Or Were "A Little Bit Of A Shell Game." (Fred Schulte, John Aloysius Farrell, And Jeremy Borden, "Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More," IWatch, 6/15/11)

Politico: "Nearly absent from Monday's [re-election announcement] rhetoric is the 'hope and change' theme that dominated Obama's effort for four years ago – a recognition that the meme just wouldn't float after his failure to deliver on some of his more high profile promises from 2008 …"(Jennifer Epstein & Glenn Thrush, "President Obama Launches Reelection Campaign With Video," Politico, 4/4/11)

WHAT'S OBAMA'S TAKE?

When Asked If He Had Any Regrets About How He Has Conducted His Presidency, Obama Said No. OBAMA: "Do I have any major regrets? You know, when I think -- and I think about this all the time. I mean, I'm constantly re-running in my head did we make the right move here, could we have done more there. I think, overall, in an extremely difficult situation, we've made good choices; we've made good decisions." (President Barack Obama, Remarks At Town Hall, College Park, MD, 7/22/11)

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