Albert Einstein said it best
Insanity: doing the same thing over and over again and expecting different results.
Here is an analysis of Obama's campaign speech in Ohio - Now I have added direct quotes courtesy of the full transcript available from WaPo
This speech offers nothing new - it is just more of the same tired old rhetoric from the Left and from Obama. Obama has already tried his Big Gov't plans and the result has been unemployment above 8% (though really more like 11-12%, anemic economic growth of 2%, drops in net wealth and income, rising health care costs, more regulation, and more government bureaucracy.
For more than a decade, it had become harder to find a job that paid the bills, harder to save, harder to retire, harder to keep up with rising costs of gas and health care and college tuition.
But let’s be clear: Not only are we digging out of a hole that is 9 million jobs deep, we’re digging out from an entire decade where 6 million manufacturing jobs left our shores; where costs rose but incomes and wages didn’t; and where the middle class fell further and further behind.
Engage in class warfare
We were told that huge tax cuts, especially for the wealthiest Americans, would lead to faster job growth. We were told that fewer regulations, especially for big financial institutions and corporations, would bring about widespread prosperity. We were told that it was OK to put two wars on the nation’s credit card; that tax cuts would create a enough growth to pay for themselves. That’s what we were told. So how did this economic theory work out? For the wealthiest Americans it worked out pretty well. Over the last few decades the income of the top 1 percent grew by more than 275 percent, to an average of $1.3 million a year.
But prosperity never trickled down to the middle class. From 2001 to 2008 we had the slowest job growth in half a century. The typical family saw their incomes halt.
Now, an independent study said that about 70 percent of this new $5 trillion tax cut would go to folks making over $200,000 a year. And folks making over a million dollars a year would get an average tax cut of about 25 percent.
Despite the fact that taxes are lower than they’ve been in decades, they won’t work with us on any plan that would increase taxes on our wealthiest Americans.
Without those tax benefits, tens of millions of middle-class families will end up paying higher taxes. Many of you would end up paying higher taxes to pay for this other tax cut. And keep in mind that all of this is just to pay for their new $5 trillion tax cut. If you want to close the deficit left by the Bush tax cuts, we’d have to make deeper cuts or raise middle-class taxes even more.
They promise to not only keep all of the Bush tax cuts in place, but add another $5 trillion in tax cuts on top of that.
Lie Be flexible with his record
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.
And across America, we’ve seen them create almost 500,000 jobs in the last 27 months, the strongest period of manufacturing job growth since 1995.
I’ve signed a law that cuts spending and reduces our deficit by $2 trillion. My own deficit plan would strengthen Medicare and Medicaid for the long haul by slowing the growth of health care costs -- not shifting them to seniors and vulnerable families.
And my plan would reduce our yearly domestic spending to its lowest level as a share of the economy in nearly 60 years.
Demonize Wall Street, corporations, and Banks
Big financial institutions, corporations saw their profits soar.
Without strong enough regulations, families were enticed and sometimes tricked into buying homes they couldn’t afford. Banks and investors were allowed to package and sell risky mortgages. Huge reckless bets were made with other people’s money on the line.
But we sure can stop giving tax breaks to businesses that ship jobs overseas and start rewarding companies that create jobs right here in the United States of America, in Ohio, in Cleveland, in Pennsylvania.
Engage in fearmongering
So if they win the election their agenda will be simple and straightforward; they have spelled it out. They promise to roll back regulations on banks and polluters, on insurance companies and oil companies. They’ll roll back regulations designed to protect consumers and workers. They promise to not only keep all of the Bush tax cuts in place, but add another $5 trillion in tax cuts on top of that.
Well, they tell us they’ll start by cutting nearly a trillion dollars from the part of our budget that includes everything from education and job training, to medical research and clean energy.
Tax the wealthy
I don’t believe that giving someone like Mr. Romney another huge tax cut is worth ending the guarantee of basic security we’ve always provided the elderly and the sick and those who are actively looking for work.
.. if you really want to get the deficit under control without sacrificing all the investments that I’ve talked about, our tax code has to ask the wealthiest Americans to pay a little bit more.
Ask for a second term
This is the vision I intend to pursue in my second term as president because I believe...
And it is this shared vision that I intend to carry forward in this century as president because it is a vision that has worked for the American middle class and everybody who’s striving to get into the middle class.
Use Nostalgia and Embrace Lincoln, Nixon, Reagan
That’s how we built this country -- together. We constructed railroads and highways, the Hoover Dam and the Golden Gate Bridge. We did those things together. We sent my grandfather’s generation to college on the G.I. Bill together. We instituted a minimum wage and rules that protected people’s bank deposits together. Together, we touched the surface of the moon, unlocked the mystery of the atom, connected the world through our own science and imagination.
it was a Republican, Lincoln, who launched the Trans-Continental Railroad, the National Academy of Sciences, land grant colleges. It was a Republican, Eisenhower, who launched the Interstate Highway System and a new era of scientific research. It was Nixon who created the Environmental Protection Agency; Reagan who worked with Democrats to save Social Security and who, by the way, raised taxes to help pay down an exploding deficit.
More spending on education and give back to teacher unions
But, look, if we want our country to be a magnet for middle class jobs in the 21st century we also have to invest more in education and training. I want to recruit an army of new teachers and pay teachers better and train more of them in areas like math and science.
I have a plan to give 2 million more Americans the chance to go to community colleges just like this one and learn the skills that businesses are looking for right now.
Pander to the illegals
And if we truly want to make this country a destination for talent and ingenuity from all over the world, we won’t deport hardworking, responsible young immigrants who have grown up here or received advanced degrees here.
Double down on Green energy
We have to become the global leader in renewable energy, wind and solar and the next generation of biofuels, in electric cars and energy-efficient buildings.
Let’s double down on a clean energy industry that has never been more promising. And I want to put in place a new clean energy standard that creates a market for innovation, an approach that would make clean energy the profitable kind of energy for every business in America.
Demonize oil companies and Big Business
So my plan would end the government subsidies to oil companies that have rarely been more profitable.
But we sure can stop giving tax breaks to businesses that ship jobs overseas
Invest in infrastructure
at a time when we have so much deferred maintenance on our nation’s infrastructure, schools that are crumbling, roads that are broken, bridges that are buckling? Now is not the time to saddle American businesses with crumbling roads and bridges. Now is the time to rebuild America.
But if we want businesses to come here and to hire here, we have to provide the highways and the runways and the ports and the broadband access, all of which move goods and products and information across the globe.
Attack Romney and the GOP in Congress
Now, Governor Romney and his allies in Congress believe deeply in the theory we tried during the last decade, the theory that the best way to grow the economy is from the top down.
So they maintain that if we eliminate most regulations, we cut taxes by trillions of dollars, if we strip down government to national security and few other basic functions, then the power of businesses to create jobs and prosperity will be unleashed and that will automatically benefit us all.
This -- this is their economic plan. It has been placed before Congress. Governor Romney has given speeches about it, and it’s on his website.
Governor Romney and the Republicans who run Congress believe that if you simply take away regulations and cut taxes by trillions of dollars, the market will solve all of our problems on its own. If you agree with that, you should vote for them.
So Governor Romney disagrees with my vision. His allies in Congress disagree with my vision. Neither of them will endorse any policy that asks the wealthiest Americans to pay even a nickel more in taxes.
It’s the reason why we haven’t reached a grand bargain to bring down our deficit; not with my plan, not with the Bowles-Simpson plan, not with the so-called Gang of Six plan. Despite the fact that taxes are lower than they’ve been in decades, they won’t work with us on any plan that would increase taxes on our wealthiest Americans.
From now until then, both sides will spend tons of money on TV commercials. The other side will spend over a billion dollars on ads that tell you the economy is bad, that it’s all my fault... ... that I can’t fix it because I think government is always the answer or because I didn’t make a lot of money in the private sector and don’t understand it or because I’m in over my head or because I think everything and everybody is doing just fine. That’s what the scary voice in the ads will say. That’s what Mr. Romney will say. That’s what the Republicans in Congress will say. Well, you know, that may be their plan to win the election, but it’s not a plan to create jobs.
Reiterate "Fair Share" and "Everyone plays by the Same Set of Rules"
And if you agree with me, if you believe this economy grows best when everybody gets a fair shot, and everybody does their fair share, and everybody plays by the same set of rules, then I ask you stand with me for a second term as president.
I see a future where we pay down our deficit in a way that is balanced -- not by placing the entire burden on the middle class and the poor, but by cutting out programs we can’t afford and asking the wealthiest Americans to contribute their fair share.
Let old people with cancer and kids with autism fend for themselves
10 million college students would lose an average of a thousand dollars each on financial aid. 200,000 children would lose the chance to get an early education in the Head Start program. There would be 1,600 fewer medical research grants for things like Alzheimer’s and cancer and AIDS; 4,000 fewer scientific research grants, eliminating support for 48,000 researchers, students and teachers.
Not only does their plan eliminate health insurance for 33 million Americans by repealing the Affordable Care Act, according to the independent Kaiser Family Foundation, it would also take away coverage from another 19 million Americans who rely on Medicaid, including millions of nursing home patients and families who have children with autism and other disabilities.
Stick to Big Gov't Socialist/Marxist Ideology – well that is just the whole speech
And to remind you Obama called Romney's plans:
retreads of just stuff we have tried and that have failed
All of this from the child who would be king