Blog ››› ››› OLIVER WILLIS
Fox News, Rush Limbaugh and other conservative outlets are falsely claiming that President Obama, while discussing his own economic policies, said "we tried our plan -- and it worked." This quote has been taken out of context and distorted. Obama was referring to economic policies during the Clinton administration that taxed high income earners at a higher rate than they are currently charged. When Obama said "it worked," he was referring to low unemployment and strong economic growth when these rates were higher. Obama has advocated a return to Clinton-era tax rates for high income earners.
Slate's Dave Weigel, who described conservatives' editing of Obama's comments as "insanely misleading," points to Obama's full quote:
OBAMA: I'm running because I believe you can't reduce the deficit -- which is a serious problem, we've got to deal with it -- but we can't reduce it without asking folks like me who have been incredibly blessed to give up the tax cuts that we've been getting for a decade. (Applause.) I'll cut out government spending that's not working, that we can't afford, but I'm also going to ask anybody making over $250,000 a year to go back to the tax rates they were paying under Bill Clinton, back when our economy created 23 million new jobs -- (applause) -- the biggest budget surplus in history and everybody did well.
Just like we've tried their plan, we tried our plan -- and it worked. That's the difference. (Applause.) That's the choice in this election. That's why I'm running for a second term.
In order to argue that Obama is out of touch on economic issues -- a message that is nearly identical to the one pushed by Romney's campaign -- conservative media figures have spent the week removing all of the context from Obama's comments and juxtaposing them with the current high unemployment rate.