President making promises he can't keep?
Peter Johnson, Jr. weighs in
- Duration 3:17
- Date Apr 11, 2012
Peter Johnson, Jr. weighs in
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-- Either now or in the the Obama administration continues the tout the so called savings obamacare will bring as well as the benefits of his.
Buffett rule adding more taxes on the rich.
Is he making promises he just can't keep.
Joining us now to discuss Fox News legal analyst Peter John Lloyd you know -- I think the president is pushing aside Harry Houdini and David Copperfield.
He has in -- become the master illusionist.
This is about cynical -- direction.
And redistribution not only of wealth but -- blame he's saying listen I can't create jobs.
I can't instill confidence in American.
And their economy.
I can't reduce gas prices.
But I can blame the rich.
And I can incite Americans to say listen.
I don't have a job -- -- I can't reduce the gas prices but look at what these rich have done.
Look at how they're not paying their fair share and we know through the Tax Policy Center and others that in fact.
Most millionaires are paying what they're supposed to pay.
Under the law we also know based on statistics we saw yesterday.
What the -- a whole lost of all of this is going to be.
Let's talk about obamacare to Begin with there was a study by any Republican official appointed by the president he said -- today based on.
He is steady and he's a great conservative economic economist.
He said that spending under obamacare is gonna increase by as much as one point 25 trillion dollars.
And that federal deficits.
Will be as much as 530 billion dollars so what I am the president is talking about saving fifty billion dollars in deficits.
By taxing for a few thousand people a more.
But we're talking about a half a trillion dollars in new deficits as a result of obamacare.
So it's a cynical mr.
action in my view and it doesn't go to the heart.
Of what we need to be doing in this country rated doesn't detected dead at all -- these program it has not at -- what they do is they attack they fairness so they attacked a class warfare.
Where it enables the class warfare rhetoric to continue forward it.
It does and so what it does it provides the dissatisfied.
For their anger and recrimination.
Other than the White House.
That's the body that's supposed to help create jobs and reduce the deficit.
But if you can create a target and mr.
wreck people's emotions.
And anger that's an effective political tactic.
For centuries going to have somebody did well in a target that -- did you -- direction they can't create is on every corner just about every corner and American as a gasoline station.
And -- say four dollars and something a gallon.
That's going to be our room for them that I redirect I think it is hard run and then to reach out to an audience with 2000 people and say.
-- the rich blame the rich.
Those folks still leave without a job.
And they still go to the gas stations not paying the price is that you talk about and that's the unfortunate part of what we're seeing Bergen Peter thank you very much of this year aren't.