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Plan B: Press Corps Briefing Book

Plan B: Press Corps Briefing Book

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The President's Address To A Joint Session Of Congress On The Failure Of His Economic Policies And His Formal Request For A Mulligan On His First Two-And-Half Years In Office
The President's Address To A Joint Session Of Congress On The Failure Of His Economic Policies And His Formal Request For A Mulligan On His First Two-And-Half Years In Office

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Published by: Republican National Committee on Sep 07, 2011
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09/07/2011

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Plan B: Press Corps Briefing Book Page 2
OBAMA’S ECONOMIC POLICIES HAVE BEEN A FAILURE
AND ARE THE LARGEST
OBSTACLE TO THE PRESIDENT’S REELECTION
 
The Washington Post 
’s Fact Checker Said “
Obama Is On Track To Have The Worst Jobs Record Of 
 Any President In The Modern Era.”
“Unless the economy
turns around in the next 18 months, Obama ison track to have the worst jobs record of any president in the modern era. That would be an accurate
statement.”
 
(Glenn Kessler, “Rick Perry’s Claim That Obama Has ‘Killed More Jobs’ Than Any Other President,” 
 
,8/22/11)
 The White House Is Concerned
That The Economy Stands In The Way Of A Second Term, As “OneObama Adviser Conceded, ‘
The Numbers Add Up To Defeat 
.’”
 
“Privately, however, Obama’s team is
concerned about the factors beyond its control, talking of an imminent need to retool their economic
message and strategy heading into 2012. Absent the president’s ability to defy political gravity, oneObama adviser conceded, ‘The numbers add up to defeat.’”
(Jim VandeHei and Mike Allen, “Obama’s Big Drags,” 
,8/4/11)
 
 
Politico
: “Obama Has Few, If Any, Domestic Achievements That Enjoy Broad Public Support.No One Assumes Employment, Growth Or Housing Prices To Pick Up Much, If At All ….”
(Jim
VandeHei and Mike Allen, “Obama’s Big Drags,” 
,8/4/11)
 
Recent Data “Paint A Picture Of An Economy Stuck In Low Gear” Dashing Hopes That 
Obama CouldRun For Reelection On His Economic Success.
 
“The Obama team has long hop
ed that the
president’s
2012 campaign would be underpinned by an economy that was clearly accelerating out of theGreat Recession, showing strong growth and job creation. But recent economic data paint a picture of aneconomy stuck in low gear, held down by continued high personal debt, a moribund housing market, high
food and gas prices, persistent weather disasters and widespread unease about what the future holds.”
 
(Ben White, “Economy May Hurt Obama '12,” 
,5/31/11)
 
THE OBAMA “RECOVERY” IS THE WORST SINCE THE GREAT DEPRESSION
AND THEWHITE HOUSE PREDICTS IT WILL STAY THAT WAY 
The Wall Street Journal 
: “The Choppy Two
-Year-Old Recovery Is Proving To Be One Of The Worst 
Since The 1930s.”
 
(Luca Di Leo & Jeff Bater, ““Jobs Data Dim Recovery Hopes”,
,7/8/11)
“Economic Growth Never Lived Up To The Expectations” Of The Obama White House.
“And because
economic growth never lived up to the expectations set early by different White House officials at different times
 
remember ‘the summer of recovery’? –
vote
rs simply don’t have the money orconfidence to buy big things like they use to.”
(Jim VandeHei and Mike Allen, “Obama’s Big Drags,” 
 
,8/4/11)
 
The OMB’s Alternative Forecast Predicts That Unemployment Will Remain Above Nine Percent 
Through 2012.
 
“In an effort to take into consideration changes in the economic climate that have
occurred since June (turmoil in Europe, natural disasters domestically, etc....) OMB offers an "alternativeeconomic forecast" along with the Mid-Session Review. Under that model, the unemployment rate takeseven longer to decline, going from 9.0 percent in 2012, to 8.5 percent in 2013 to 7.8 percent in 2014. In2016 it hits
6.1 percent.”
(Sam Stein, “White House Report: Unemployment Rate Above 6 Percent Until 2016,” 
,9/1/11)
The OMB’s
Predictions For Economic Growth Were Lowered By A Full Percentage Point ComparedTo Their Estimate Earlier This Year.
 
“The figures from the White House budget office predict that the
economy will grow by just 1.7 percent this year, a full percentage point less than the administrationpredicted at the beginning of 2011. The economy grew by just 0.7 percent in the first half of the year, the
slowest pace since the recession ended two years ago.”
(Andrew Taylor, “$1.3T Deficit Projected As Economy Cools,” 
,9/1/11)
 
Plan B: Press Corps Briefing Book Page 3
OBAMA’S STIMULUS SQUANDERED BILLIONS AND HAS FAILED TO LIFT THE
ECONOMY OUT OF THE RECESSION
Obama’s $825
Billion Stimulus Failed To Keep The Unemployment Rate Below The 8 Percent Level He Promised It Would.
(Bureau Of Labor Statistics,BLS.gov,Accessed 6/16/11; Christina Romer and Jared Bernstein,
1/9/09; CBO,5/25/11)
 
The Unemployment Rate Peaked At 10.1 Percent In October 2009.
(Bureau Of Labor Statistics,BLS.gov
 
,Accessed 8/18/11)
 The Unemployment Rate Has Remained Above Eight Percent For A Record 31 Straight MonthsSince The Stimulus Was Passed.
(Bureau Of Labor Statistics, BLS.gov, Accessed 9/6/11)
 
Obama’s Economic Advisors Crafted A Stimulus Bill They Predicted Would Keep Unemplo
yment Below Eight Percent.
(Christina Romer and Jared Bernstein,
 
,
1/9/09)
 
 
Obama Released A
Graph So “The American People Can See
Exactly What This Plan Will
Mean For Their Families, Their Communities, And Our Economy.”
 
“I asked my nominee for
Chair of the Council of Economic Advisers, Dr. Christina Romer, and the Vice President-
Elect’s
Chief Economic Adviser, Dr. Jared Bernstein, to conduct a rigorous analysis of this plan and comeup with projections of how many jobs it will create
and what kind of jobs they will be. Today, Iam releasing a report of their findings so that the American people can see exactly what this plan
will mean for their families, their communities, and our economy.”
(President-Elect Barack Obama,The President 
,1/10/09)
 
Since Obama’s Stimulus Bill Passed, The Nation Has Lost 1.7 Million Jobs While The
Unemployment Rate Has Increased From 8.2 Percent To 9.1 Percent 
.
(Bureau Of Labor Statistics, BLS.gov,Accessed 9/6/11)
 
 
Obama Promised That His Stimulus Plan Would Create Or Save 3.5 Million Jobs Over TwoYears.
 
OBAMA:“Now, what makes this recovery plan so important is not just that it will create or
save 3.5 million job
s over the next two years ...”
 
,Denver, CO, 2/17/09)
 
Obama: “More Than 90 Percent Of The Jobs Created By This Plan Will Be In The Private Sector.”
 
(“Transcript: Obama’s Prime Time News Conference,” 
2/9/09)
 
 
1.1 Million Private Sector Jobs Have Been Lost Since The Stimulus Was Passed.
(Bureau Of LaborStatistics, BLS.gov, Accessed 9/6/11)
 
OBAMA’S STIMULUS INFRASTRUCTURE SPENDING FELL SHORT
 
Obama “Cracked Wise” About The Jobs His “Shovel
-
Ready”
Stimulus Was Supposed To Create.
“While meeting with his Jobs and Competitiveness Council today in Durham, N.C., President Obama
cracked wise about one of his administration's early catchphrases. Remember
’shovel
-
ready projects.’
 Those were construction projects in the 2009 stimulus bill that were supposed to get moving right away -- but jobs council members told Obama today that some got held up because of elaborate government regulations and permittin
g procedures.”
 
(David Jackson, “Obama Jokes About ‘Shovel
-
Ready Projects,” 
6/13/11)
 
 
President Obama: “Shovel
-Ready Was Not As Shovel-
Ready As We Expected.”
(President Obama,Remarks In Durham, N.C.,6/13/11)
To Wolffe, Obama “Also Admitted That The Enormous Sums Of Money” In The Stimulus “HadFallen Short.”
“Yet he also admitted that the enormous sums of money had fallen short. ‘If we’re honest,
part of the controversy also is that despite the extraordinary work that has been done through theRecovery Act, millions of Americans are still without jobs. Millions more are struggling to make ends

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