Obama: GOP’s ‘Pledge to America’ Plan Is ‘Disastrous’


[The GOP ‘Pledge to America’ plan] is grounded in the same worn out philosophy: cut taxes for millionaires and billionaires; cut the rules for Wall Street and the special interests; and cut the middle class loose to fend for itself. That’s not a prescription for a better future. It’s an echo of a disastrous decade we can’t afford to relive. [It’s] the very same policies that led to the economic crisis in the first place, which isn’t surprising since many of their leaders were among the architects of that failed policy.” —President Obama, during his weekly address, reacting to the GOP’s “Pledge to America” document, which lays out their economic platform and how they would govern if voters in November return them to power. [NYP, Politico]