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Rick Santorum, Newt Gingrich, Mitt Romney and many other Republicans have been criticizing President Obama for what they consider to be failed economic policies and are accusing him of trying to get rid of work requirements in order to receive a welfare check.
Former 2012 hopeful Rick Santorum recently posted on his blog about â€śObamanomics,â€ť a term used to explain that Obamaâ€™s economic plans, instead of â€śspreading wealth around, in reality only spreads poverty and economic decline.”
The former Republican presidential candidate wrote that Obama does not understand the challenges many working families are facing. He thinks that the government’s economic management has led to a situation that forces companies to outsource jobs, while many American families are losing them.
Santorum asserts that the situation is so chaotic that 41 months have passed with the unemployment rate above 8 percent, something that hasn’t occurred since the Great Depression. Since WWII, no president that served while the unemployment rate was above 8 percent has been reelected. If this continues into November, President Obama will have to challenge history for reelection.
Santorum also added that one out of six Americans is currently below the poverty line and that one in four children is receiving food stamps.
The other aspect Santorum criticized from Obamaâ€™s government is unnecessary spending. Santorum wrote, â€śnational debt has grown by over $5.2 trillion to $16 trillion dollarsâ€”an increase of 49 percent.â€ťÂ Santorum also explained that this is the fourth consecutive year in which the deficit exceeds one trillion dollars.
Another accusation Santorum made against Obama is that he has only made cuts in the defense spending budget, which Santorum considers wrong. He believes that the defense system should be a priority for the federal government, but Obama’s cuts have exceeded one trillion dollars.
President ObamaÂ hasÂ defendedÂ himself from this type of accusations, an example is on a speech on Cleveland in June he explained that the Bush tax rate cuts where somehow guilty for the recession, not his economic policies. Obama stated: “The failure to pay for the tax cuts and the wars took us from record surpluses under President Bill Clinton to record deficits. And it left us unprepared to deal with the retirement of an aging population thatâ€™s placing a greater strain on programs like Medicare and Social Security.”
Obama defended his economic policies on Cleveland, he stated: “We acted fast. Our economy started growing again six months after I took office and it has continued to grow for the last three years.” He added: “Our businesses have gone back to basics and created over 4 million jobs in the last 27 months; more private sector jobs than were created during the entire seven years before this crisis, in a little over two years.” But this is exactly what Republicans like Rick Santorum areÂ criticizing, they accuse him of not reacting in time andÂ maintaining theÂ unemploymentÂ rate above 8% for too long.
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