Herman Cain Responds to Obama Budget

Stockbridge, GA – Potential Republican presidential candidate and longtime corporate executive Herman Cain responded to President Obama’s speech at 1:45 p.m. Wednesday, April 13, 2011 regarding his budget proposal, saying:

President Obama’s address proved yet again that he values ideology over basic economics and leadership.

His budget employs his typical class warfare tactics, insisting on taxing America’s job creators into oblivion for what he deems “fairness.” In doing so, he makes clear his willingness to further cripple our economy in exchange for pushing his wealth redistribution agenda and abandonment of the free enterprise system.

President Obama also took the opportunity to blame everyone but his own administration for this economic disaster, shifting blame to the Bush administration, Congressional Republicans and America’s highest earners, neglecting his own administration’s reckless spending.

Instead of using this speech as an opportunity to preview a budget that could significantly pay down our mounting debt through meaningful spending cuts and entitlement reforms, he again insisted on saddling America’s job creators with an even heavier tax burden to pay down the debt. Meanwhile, Congressman Ryan proposed his own budget that reduces the national debt by $6 trillion without raising taxes on a single American family or business.

Most importantly, actions speak louder than words. President Obama claims that his budget proposal would cut $4 trillion in just 12 years. Can we really trust a man who vowed time and time again that his administration would cut the budget deficit in half, but instead, brought our budget deficits to record levels in just half a term in the White House?

Indeed, since President Obama just filed his re-election candidacy papers, Americans today got their first televised campaign speech for 2012: all talk, no leadership.