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Axelrod Defends Obama's Handling of the Economy Axelrod Defends Obama's Handling of the Economy

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Campaign 2012

Axelrod Defends Obama's Handling of the Economy

Despite recent polling, Axelod says Obama is best to fix the economy.

Obama senior adviser David Axelrod on Tuesday touted the president’s actions on the economy, while taking swipes at Republican Mitt Romney.  

But even as the president trails Romney on the issue of deficit reduction, according to a new poll released on Tuesday, Axelrod continued to defend President Obama on his “balanced approach” to the economy.


“Of course, there are questions about the economy,” he said on MSNBC’s Morning Joe. “The question is whether the answer is to go back to the same policies that got us here in the first place.”

Axelrod called out Romney's support for the budget released by House Budget Committee Chairman Paul Ryan, R-Wis., and passed by the House, saying that those policies have not worked in the past.

“Romney is prescribing tax cuts for the wealthy,” Axelrod said. “Somehow, we'll prosper and everyone will benefit from that? We have tested that proposition. It was a disaster. Most working Americans understand that. Ultimately, we are going to win that fight.”


But after disappointing monthly jobs gains reported last week and some polls showing Romney with increased standing among voters on the economy, Romney's campaign attacked Obama on job performance.

“Even on the heels of Friday’s incredibly weak jobs report, President Obama and his team are still more concerned with attacking Mitt Romney than trying to put Americans back to work,” Romney spokeswoman Andrea Saul told National Journal in an e-mail on Tuesday. “It’s clear the only job President Obama is interested in saving is his own. Everyone else will have to continue to suffer. Mitt Romney is running for president to put America back to work.”

One of then-Sen. Obama’s campaign promises from 2008 was to end the Bush tax cuts. But in the heat of a budget battle, the administration gave in to GOP demands and extended the cuts. Axelrod on Tuesday said the president has vowed to let the tax cuts expire this time around.

“We have to do that,” he said. “We cannot spend another trillion dollars in the next 10 years on tax cuts for the wealthiest Americans.”


Axelrod also called for “thoughtful” cuts to Medicare, lambasting the Ryan budget: “It has to be corrected,” he said.

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