This is Barack Obama at a rally in Raleigh, N.C. yesterday to promote the supposed success of his stimulus package:
12:20 p.m. – Obama says, “we helped stop a recession from becoming a depression,” and explains how the jobs programs in the stimulus are helping. Says tax cuts are helping people buy “cupcakes and other necessities of life.”
The video:
And, here’s the actual transcript from the White House Briefing Room:
One-third of the entire Recovery Act is for tax relief for you, for families and small businesses — one-third of it. (Applause.) Ninety-five percent of you got a tax cut. You may not notice it — (laughter) — because it’s appearing in your paycheck on a weekly — every time you get a paycheck, as opposed to you getting a lump sum. Because it turned out that by spreading it out, it had more of a potential to stimulate the economy. That’s what the economists advised us to do. But a third of it is going to tax breaks, to individuals and small businesses. That’s money in your pocket to buy cupcakes and other necessities of life. (Laughter.)
Well, at least we know what Obama thinks we should do with that extra $ 13 per week we’re getting.
Of course, he didn’t mention that we’ll have to pay that money back at the end of the year.
H/T: Hot Air
