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October 3, 2012

News and Tribune letters: Oct. 3, 2012

(Continued)

> SOUTHERN INDIANA — Reader defends Obama’s record

Below is my reply to those who were interested enough to post opposition to my letter to the editor Sept. 26.

So, let me get this right. You are saying the Romney/Ryan ticket is not one and the same. Hmm ...

Also the $716 billion cut to Medicare, mentioned by one Republican, does not reduce any benefits to seniors. None, zero, zilch.

The reduction is to providers, fraud and waste. Republicans want you to think it is reducing senior benefits. The fact is Obamacare has increased senior benefits.

Obama stopped the second Great Depression with no help from the Republican party, which created this mess. Republicans lost us 8 million jobs during the great recession. Obama has created 30 straight months of private-sector job growth for 4.6 million jobs.

When Obama took over the worst recession in history the unemployment rate was 7.8 percent. The unemployment rate is now 8.1 percent. This is only 0.3 percent higher.

Because of Republican policies, unemployment was once more than 10 percent. We were losing 700,000-plus jobs a month. Do you have amnesia? Did you forgot how much money you lost in 2008 because of Republican policies in your retirement savings?  

The stock market has doubled from its low under Obama. I guess he gets no credit for this either.

During the Great Depression, unemployment went to 25 percent. The melt down in the market was just as bad in 2008 as in 1929.

Also, take the following information in mind. The highest tax rate in 1929 was 26 percent. Does this ring a bell? Low tax rates for the millionaires and billionaires do not create jobs or stop great depressions. Also, a Republican president was in control during the 1920s. Does this ring another bell?

Stop watching Fox News and listening to Rush Limbaugh and get the real facts. In fact, go to my website http://usworldpolitics.com if you want real facts.

— Ray Beaufait, Charlestown

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