President Issues Economic Pep Talk In Cleveland

By Scott Sarvay

September 8, 2010 Updated Sep 8, 2010 at 4:53 PM EST

CLEVELAND (Indiana's NewsCenter) - President Obama talked about the economy during his visit to Cleveland on Wednesday, while taking some swipes at Republican leaders.

With comments that were part economic progress report and part campaign speech, had Mr. Obama touting his administration's recovery plans and criticizing Republicans for their rhetoric and "inaction". Especially House Republican Leader John Boehner.

"My hope was that the crisis would cause everyone, Democrats and Republicans, to pull together and tackle our problems in a practical way. But as we all know, things didn't work out that way," says President Obama.

Boehner, who is from Ohio, released a "two-point plan" he says will help stimulate the economy.

It calls for cutting non-security related government spending for the next year back to fiscal year 2008 levels and enacting a two-year freeze on all current tax rates.

The Chief Financial Officer for GT Automation here in Fort Wayne sees the President's proposals as a band-aid and a short-term solution to a long-term problem.

GT Automation CFO Mike Motter says, “You can't kill the golden goose, and the golden goose in America is small business. You've got to create an environment where they can succeed and I think it isn't cap and trade, and increase taxes, uncertainty in the environment, and outlandish spending.”

And on the issue of the “Bush tax cuts,” which are set to expire at the end of the year, Motter believes those should be extended even for people who make over $250,000 a year, since they are the ones who stimulate the economy.




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