Hensarling on Obama: ‘Go Back to The Great Depression to Find a President Whose Policies Have Failed More’

August 1, 2012 - 12:21 PM

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Rep. Jeb Hansarling (R-Texas) (AP Photo)

(CNSNews.com) – Rep. Jeb Hensarling (R-Texas) on Wednesday said that one would have to go back to the Great Depression in the 1930s to find policies that had failed the U.S. economy more than the policies of President Barack Obama who, Hensarling added, is using the politics of “diversion, division and envy” to distract voters from his failed economic policies.

“You have to go back to the Great Depression to find a president whose policies have failed more this economy and the American people than Barack Obama,” said Hensarling during a Capitol Hill press conference with House Republican leaders.

“So, it’s natural that we would have the politics of diversion, division and envy,” he said. “Diversion, let’s talk about taxes.  Division, let’s pit Americans against each other.  Envy, let’s make one group more envious of another.”

The House Republicans said they would vote this week to extend the Bush era tax cuts for all Americans, as opposed to Obama’s plan of raising taxes on people (and small business owners) who earn more than $250,000 a year.

President Obama’s mantra on the campaign trail has been asking the wealthy to “pay their fair share,” and most recently used the line in an ad directed towards swing states released on Tuesday, where he said, “To cut the deficit we need everyone to pay their fair share.”

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President Barack Obama waves as he boards Air Force One before his departure from Andrews Air Force Base, Md., Monday, July, 30, 2012. Obama is traveling to New York for a private fundraiser. (AP Photo/Pablo Martinez Monsivais)

“Why would you want to increase taxes on anybody in this economy is beyond me,” said Hensarling.  “It’s certainly beyond the almost a million small businesses that would be taxed under the president and Democrats’ plan.”

The Texas Republican referenced a study by Ernst and Young that reported that tax hikes on the wealthy could cost more than 700,000 jobs.

“So, it’s quite clear,” Hensarling said.  “House Republicans will act this week, and it’s a choice of politics of diversion, division, and envy that can destroy jobs, and we have the policy of saving Americans from the largest tax increase in American history in order to create jobs.”