The economy added 200,000 jobs in December and President Obama is taking credit for it. The only problem is what he’s taking credit for happens to be tax cuts.
Here’s an excerpt of Obama’s speech from the White House website (emphasis added):
This morning we learned that American businesses added another 212,000 jobs last month … . And one of the reasons for this is the tax cut for working Americans that we put in place last year. And when Congress returns, they should extend the middle-class tax cut for all of this year, to make sure that we keep this recovery going.
The President carefully avoiding saying that the extension of the Bush tax cuts he signed into law in 2010 also benefited rich Americans.
I won’t hold my breath waiting for Professor James Maule to call President Obama a liar ² for suggesting that tax cuts create jobs.
¹ With a straight face, Obama is taking credit for implementing a Republican policy that worked: The extension of the Bush tax cuts for both the working class and the rich. Watch now as progressives who opposed Obama’s extension of the Bush tax cuts shamelessly applaud the increase in jobs that this insidious and evil policy has created.
² Maule has frequently accused conservatives and Republicans of lying about the effects of tax cuts in order to put more money in the hands of their super-rich cronies.