President Barack Obama and First Lady Michelle Obama greet the family of Specialist Leslie H. Sabo, Jr., U.S. Army, outside the Oval Office prior to a Medal of Honor ceremony honoring Specialist Sabo, May 16, 2012. Pictured, from left, are: Kathleen Starkey, sister-in-law; Rose Sabo-Brown, widow; Frances Buccelli, mother-in-law. (Official White House Photo by Pete Souza)
Washington Post/AP: When Republican presidential hopeful Mitt Romney decried the “prairie fire” of U.S. debt Tuesday, he ignored some of the sparks that set it ablaze.
One was the Great Recession that took hold before Barack Obama became president. That landmark event went unmentioned in Romney’s speech. Another was a series of Bush-era tax cuts that Romney wants to follow with even lower rates.
Instead he laid the blame on Obama, a president who has certainly increased the nation’s eye-popping debt — but not, as Romney claimed, by nearly as much as all other presidents combined.
A look at some of Romney’s assertions and how they compare with the facts:
ROMNEY: “America counted on President Obama to rescue the economy, tame the deficit and help create jobs. Instead, he bailed out the public sector, gave billions of your dollars to the companies of his friends, and added almost as much debt as all the prior presidents combined.”
THE FACTS. Hardly. Presidents from George Washington through George W. Bush ran the national debt up to $10.62 trillion, the amount it was on the day Obama took office. Today, it is $15.67 trillion, according to the Treasury Department’s Bureau of Public Debt. So it has gone up by $5.05 trillion under Obama. That’s roughly half of the amount amassed by all the other presidents combined.
In short, the debt has gone up by about half under Obama. Under Ronald Reagan, it tripled.
Miami Herald: Welcome to FL, Mitt. Now why did Bain Capital lay off so many people in Miami?
As Mitt Romney returns to Florida on Wednesday for two days of campaigning and money-raising, Democrats are trying to ensure Floridians keep two words in mind: Dade Behring.
It’s the name of a former medical equipment manufacturer in Miami that Romney’s venture capital firm bought and then closed in the late 1990s, walking away with $242 million in profits.
“Obviously you need to make a profit to be successful,” Cindy Hewitt, Dade Behring’s former human resources officer, said Tuesday, at a Miami news conference organized by President Barack Obama’s campaign. “My concern is when businesses are used to generate wealth for a small number of people and businesses are run to the ground and the lifeblood is sucked out of it and all of their employees lose their jobs.”
The case of Dade Behring in Miami, where some 850 jobs were lost while Romney led Bain has been well-documented. But there’s a new wrinkle: The company under Bain’s leadership sought and received millions of dollars in tax breaks for creating jobs in Puerto Rico — shortly before closing its facilities, costing nearly 300 jobs.
In case anyone missed this today … it’s unmissable:
Thursday: The President will attend meetings at the White House.
Friday: PBO will deliver the opening keynote to the Symposium on Global Agriculture and Food Security at the Ronald Reagan Building in Washington, DC. Later on Friday, the President will travel to Camp David for the G-8 Summit, which will address a broad range of economic, political and security issues. The President will remain overnight at Camp David.
Saturday: PBO will remain at Camp David for the G-8 Summit. Later on Saturday, the President will travel to Chicago, Illinois, where he will welcome NATO allies and partners to his hometown for the NATO Summit on May 20-21. The First Lady will travel to Chicago with the President.
President Obama awards posthumously the Medal of Honor to Rose Mary Sabo-Brown, widow of Specialist Leslie H. Sabo, Jr
Fellow soldiers from the same unit as Army Specialist Leslie Sabo Jr. cry as President Obama presents Rose Mary Sabo-Brown the Medal of Honor posthumously to her husband for his actions in Cambodia in May 1970
President Obama and First lady Michelle Obama hug Rose Mary Sabo-Brown after she received the Medal of Honor posthumously for her husband, Army Specialist Leslie Sabo Jr
President Obama and First Lady Michelle Obama greet the family of Senior Master Sergeant Roland Paramore (not pictured) aboard Air Force One prior to departure en route to New York, Sept. 19
President Obama holds a child after delivering remarks on the American Jobs Act beneath the Clay Wade Bailey Bridge in Cincinnati, Sept. 22
President Obama walks into the Oval Office with William Jones, son of Luke Jones, Presidential Personnel Office, before a departure photo with the Jones family, Sept. 29
President Barack Obama greets children upon arrival in Seattle, Wash., Sept. 25
President Obama shares a laugh with Jean Meyer, the grandmother of Medal of Honor recipient Dakota Meyer, second from left, as they and members of the Meyer family walk along the Colonnade of the White House, Sept. 15
President Barack Obama greets Jasper Mann and his parents, Billy and Gena Mann, before signing H.R. 2005 – Combating Autism Reauthorization Act of 2011, in the Oval Office, Sept. 30
First Lady Michelle Obama talks with Director and Chief Curator Thelma Golden during a tour of the Studio Museum in Harlem, in New York, N.Y., Sept. 21 (by Chuck Kennedy)
This one, by Chuck Kennedy, cracks me up:
Bo lounges in the West Garden Room of the White House, Sept. 15. (by Chuck Kennedy)
President Obama returns to the White House after a trip to Cincinnati, Ohio where he spoke about jobs, September 22
“The Republicans in Congress call this class warfare. Well you know what? If asking a billionaire to pay the same tax rate as plumber or teacher makes me a warrior for the middle class, I’ll wear that charge as a badge of honor. Because the only class warfare I’ve seen is the battle that’s been waged against the middle class in this country for a decade.”
President Barack Obama shares a laugh with Jean Meyer, the grandmother of Medal of Honor recipient Dakota Meyer, second from left, as they and members of the Meyer family walk along the Colonnade of the White House, Sept. 15. (Official White House Photo by Pete Souza)