During a campaign event in Iowa yesterday, President Obama destroyed Mitt Romney’s claim of a “five-point” plan for the economy:
“Governor Romney has been running around talking about his five-point plan for the economy for quite some time. And as I pointed out last night, and you guys heard yourselves, it’s really a one-point plan. It’s really a one-point plan. It says folks at the very top can play by their own set of rules.
That’s why they can pay lower taxes than you do, or they can use offshore accounts. Or they can invest in a company, bankrupt it, fire the workers, take away their pensions, ship the jobs overseas, and still make money doing it.
It’s the one-point plan that says it’s okay for Wall Street to keep engaging in the reckless behavior that got us into the mess we’ve been fighting back from for the last four years. It’s the same philosophy that’s been squeezing middle-class families for more than a decade. It’s the same philosophy that we saw in the previous administration. And I have seen too much pain and too much struggle to let this country go down that same road again.”