Obama: Romney-Ryan Tax Plan Is 'Trickle-Down Snake Oil'

Obama: Romney-Ryan Tax Plan Is 'Trickle-Down Snake Oil'

Yesterday, The Hill reported President Barack Obama referred to Mitt Romney and Paul Ryan’s tax reform plans as “trickle-down fairy dust.” 

Wednesday in Iowa, Obama went a step further and referred to their plan as “trickle-down snake oil,” again proving that Obama’s talk of wanting a campaign that rises above bluster is just that — talk.

“They have tried to sell this trickle-down snake oil before,” Obama said in Iowa. “It didn’t work then; it won’t work now.”

Obama, who cut over $700 billion from Medicare, audaciously told Iowans that he had “strengthened Medicare,” and Ryan’s and Romney’s plans would end “Medicare as we know it.” Truthfully, Republican plans put in reforms to make Medicare solvent, which actually would preserve the system. 

“President Obama has a long history of launching shameful political attacks on Medicare — but he’s the only person in the race who has actually cut Medicare,” Romney spokesman Ryan Williams said in a statement. 

Senate Democrats have not passed a budget. Obama and Democrats are threatening to take the country over the fiscal cliff by letting the Bush tax cuts expire across the board. And even though Obama does not have concrete plans for his second term, let alone sound ones for reducing the debt and growing the country’s economy, he continues to rail against serious Republican plans that tackle the country’s fiscal problems.