Tags: sessions | obama | election | economy

Rep. Sessions: Country In Trouble Unless Obama 'Matures in His Thinking'

By Stephen Feller and John Bachman   |   Wednesday, 07 Nov 2012 02:25 PM

Unless President Barack Obama matures in his thinking to where he is able to see the bigger picture, the country will be in trouble, Rep. Pete Sessions tells Newsmax TV in an exclusive interview.

“He needs to be on the side of thinking outside of the box as a Democrat, and let’s do things that would be about jobs and job creation,” Sessions, R-TX, said.

Watch the exclusive interview here.



“I think the country is in trouble unless the President matures his thinking to where he is able to see a bigger picture about job creation and about moving our country forward in that ways, as opposed to more unemployment, lower job loss, higher taxes, and misery index that will increase. And probably, would find our deficit going much higher in the debt up to $23 trillion rather quickly, that is not in the best interest of this country. Either the President is going to manage our demise or we are going to manage a future that we can work together on. We would like to work together.”

Sessions said that while raising taxes outright won’t be approved by the GOP majority, some kind of way to increase government revenue can likely be found as legislators look to avoid the “fiscal cliff.”

Sessions reiterated House Speaker John Boehner’s proclamation on election night that raising taxes was not being considered an option, adding that it would be generally bad for the country

“Not raising taxes, but rather let’s do something that will get more revenue,” he said. “If you want to move this country forward, you have to create jobs, which means that you would keep taxes low, you would make them permanent. You would allow uncertainty to move out of the way and you would allow certainty in where a businessperson, a person who puts their own money and capital at risk, would see where they can get it out. Simply transferring it to the government is not the answer and we would not participate in a simple format like that.”

The stark difference between Obama and his challenger, Mitt Romney, on taxes came down to an across the board cuts versus only specific ones — a concept the Republican Party as a whole has been against for most of the last three years.

Despite Obama’s win in Tuesday’s election, Sessions said that while the candidate who won ran on raising taxes, actually going through with that would be bad for the middle class and the economy as a whole.

“[Boehner] understands that if you raise taxes, as the President and the Democrats want to do, as was outlined in the campaign that was yesterday, that the American people, working class people will lose some seven hundred thousand jobs across this country,” Sessions said. “When you raise dividend taxes from fifteen to forty three percent, a substantial amount of money will go from what might be called a free enterprise system or in the economy – transferring that, what was for jobs and job creation, rebuilding, plants and equipment and re-energizing your own environment to one that will now go to the government. That is a big and stunning loss to the free enterprise system, to job creation.”


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Unless President Barack Obama matures in his thinking to where he is able to see the bigger picture, the country will be in trouble, Rep. Pete Sessions tells Newsmax TV in an exclusive interview.
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2012-25-07
 

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