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Obama: Romney, Ryan Push 'Trickle-Down Fairy Dust'

Slams rivals' 'vision' at Chicago fundraisers

By Matt Cantor,  Newser Staff

Posted Aug 13, 2012 8:47 AM CDT

(Newser) – Speaking to a young crowd in Chicago yesterday, President Obama made his first public comments on Team Romney-Ryan since the latter became part of that equation. His take? His rivals' economic policies are little more than "trickle-down fairy dust." Such plans have been tried before, and "guess what? It didn't work," Obama said at one of five fundraisers in the city set to bring in a total of $4 million. Despite his criticisms, he rejected crowd booing over Ryan. The congressman, he said, "is a decent man. He's a family man." But he's promoting a Mitt Romney "vision that I fundamentally disagree with."

The trouble in Washington is intense partisanship, Obama said, according to the Chicago Tribune. "What's holding us back is a brand of Washington politics that says we are not going to compromise no matter what." But "do we go forward toward a new vision of an America in which prosperity is shared, or do we go backward to the same policies that got us into this mess in the first place?" The event's cheapest tickets were $51, a nod to Obama's recent birthday. Another fundraiser—the first to be held on his own front lawn since becoming president—cost $40,000 a head.

President Barack Obama speaks during a campaign event on Sunday, Aug. 12, 2012, at the Bridgeport Art Center in Chicago.
President Barack Obama speaks during a campaign event on Sunday, Aug. 12, 2012, at the Bridgeport Art Center in Chicago.   (AP Photo/Sitthixay Ditthavong)
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COMMENTS
Showing 3 of 198 comments
midget_farmers
Aug 14, 2012 7:00 AM CDT
I watched Paul Ryan yesterday trying to sell even MORE tax cuts for wealthy people and for the life of me I don't get how ANYONE with a brain could buy what he is selling!  What I really like is how they are saying the changes to Medicare will only affect people under 55 that way all the old people who hate gays and blacks don't have to worry about supporting them... 
ddhartma
Aug 13, 2012 7:44 PM CDT
So what do you call it when the government wants to invest an enormous amount of money on infrastructure to stimulate the economy? Isn't that just another form of "trickle down"? With the theory being that if we spend the money on building roads and bridges some of that money will end up being used by the immediate workforce to by food, gas, refrigerators, cars, etc. "trickling down" to stimulate other business.
Bullfrog1
Aug 13, 2012 5:06 PM CDT
The middle class clearly understands that tickle down doesn't work they've been beating us over the head with it for years. Conservatives haven't had a new idea in years and every time they gain control we get hurt. I fail to see any change for the good with the addition of Ryan to the ticket as he has his club out and ready to start the beatings. 
 

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