• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Leadership

‘Myth Busting’ Obama Attempts to Undermine Republicans on Economy

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
June 2, 2016, 3:10 PM ET
President Obama Delivers State Of The Union Address At U.S. Capitol
Pool Getty Images

President Barack Obama went on a “myth-busting” mission Wednesday aimed at undermining Republican arguments about the economy, working to give cover to Democrats to embrace his policies ahead of the presidential election.

Officially, Obama came to this hardscrabble town in northern Indiana to illustrate how steps he took in the first days of his presidency had ultimately paid off and pulled the economy back from the brink. Yet his rally at a high school in Elkhart blurred the lines between governing and campaigning, marking the president’s most aggressive and direct foray to date into the roaring campaign to replace him.

“The primary story that Republicans have been telling about the economy is not supported by the facts. It’s just not,” Obama said. “They repeat it a lot, but it’s not supported by the facts. But they say it anyway. Now why is that? It’s because it has worked to get them votes.”

When Obama came to Elkhart seven years ago on his first major presidential trip, the unemployment rate was soaring and the White House struggling to secure support for injecting hundreds of billions of federal dollars into the economy. Though the economy has improved measurably, Republicans have been reluctant to give Obama credit.

As Obama returned to Indiana, GOP Gov. Mike Pence said the state had recovered “in spite of Obama’s policies” — not because of them. And the Republican National Committee dismissed his visit as a “campaign trip” designed to help Hillary Clinton sell a weak Obama record as if it were “really a success story.”

 

So with all the vigor he displayed on the campaign trail years ago, Obama attempted a nearly line-by-line takedown of claims Republicans have made about his policies holding the economy back. He dismissed those GOP voices as “anti-government, anti-immigrant, anti-trade and let’s face it, anti-change.”

“My bigger point is to bust this myth of crazy, liberal government spending,” Obama said. “Government spending is not what is squeezing the middle class.”

He avoided mentioning Donald Trump by name, but was met with shouts of “Donald’s crazy” from some of the 2,000 people packed in a brightly lit gymnasium. Asked later why he rarely mentions Trump’s name, Obama said the businessman is better at marketing himself than the Democratic candidates.

“You know he seems to do a good job mentioning his own name,” Obama said in a town hall meeting hosted by “PBS NewsHour.” ”So, you know, I figured I’ll let him do his advertising.”

Republicans have mostly settled on Trump as their nominee, albeit begrudgingly, while Clinton and Bernie Sanders continue competing for the Democratic nomination. Though White House aides are eager to see the primary wrapped up, Obama has tried to avoid showing favoritism, which has limited his ability to engage in the campaign.

Obama predicted that his party’s primary was “almost over” and said he’d have plenty of time to campaign for the nominee. He said the Democratic contender should be clear by next week, following June 7 primaries in California, New Jersey and elsewhere.

He also offered a few subtle nods of approval for the Democrats. Obama praised Clinton’s husband, former President Bill Clinton, for cutting federal deficits, and railed against a system rigged for the uber-rich in an implicit embrace of Sanders’ campaign mantra.

The president’s approval ratings have finally improved to levels where his fellow Democrats feel comfortable running on his policies, especially on the economy. Clinton has proposed steps that build directly on Obama’s actions while Sanders has praised his accomplishments.

Yet Obama and his aides have long signaled frustration that as the economy has improved, the public’s perception of his decision-making hasn’t tracked the same trajectory. Opposition to the president has been particularly unrelenting in conservative stretches of the Midwest like Indiana, which Obama won in 2008 but lost decisively four years later.

Elkhart County Commissioner Mike Yoder, a Republican, paused for 15 seconds and laughed when asked whether Obama deserved any credit for the recovery.

“At the bottom of the day, I think most elected officials — and I’m guessing the president would say this himself — that it is the local communities and the local businesses and workers that really are the major reason that a community will turn around,” Yoder said.

Obama said he had returned to Elkhart “precisely because this county votes Republican.”

“I definitely got whupped here in 2012. I know I don’t poll all that well in this county,” Obama said. “So I’m not here looking for votes.”

About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Marc Benioff, chief executive officer of Salesforce
SuccessJobs
As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says there’s one department still hiring: sales
By Emma BurleighMay 28, 2026
2 hours ago
Jane Fraser defied the ‘glass cliff’ to engineer Citi’s long-awaited turnaround
NewslettersMPW Daily
Jane Fraser defied the ‘glass cliff’ to engineer Citi’s long-awaited turnaround
By Claire ZillmanMay 28, 2026
2 hours ago
Costco CEO says AI is not stealing workers’ jobs—it’s ‘elevating’ them
Successthe future of work
Costco CEO says AI is not stealing workers’ jobs—it’s ‘elevating’ them
By Preston ForeMay 28, 2026
2 hours ago
Boos, AI-washing, and ‘low-value human capital’: The psychological traps CEOs are falling into when they botch their AI messaging
C-Suitechief executive officer (CEO)
Boos, AI-washing, and ‘low-value human capital’: The psychological traps CEOs are falling into when they botch their AI messaging
By Claire ZillmanMay 28, 2026
3 hours ago
Warren Buffett says ‘you’re giving up your potential’ if you don’t have this one skill—and it has nothing to do with the stock market
SuccessWarren Buffett
Warren Buffett says ‘you’re giving up your potential’ if you don’t have this one skill—and it has nothing to do with the stock market
By Sydney LakeMay 28, 2026
3 hours ago
Jan van Hövell built the world's largest sports club where membership is just a Euro a month.
SuccessSports
He left big law, became a DJ to pay his bills, and built sports clubs inside refugee camps. Now he wants more members than Bayern Munich
By Catherina GioinoMay 28, 2026
4 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
7 days ago
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
Environment
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
By Dorany Pineda, Brittany Peterson and The Associated PressMay 27, 2026
1 day ago
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Banking
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
By Nick LichtenbergMay 27, 2026
1 day ago
Current price of oil as of May 27, 2026
Personal Finance
Current price of oil as of May 27, 2026
By Joseph HostetlerMay 27, 2026
1 day ago
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
Economy
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
By Tristan BoveMay 27, 2026
1 day ago
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
North America
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
By Jocelyn Gecker and The Associated PressMay 26, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.