Obama was asked what he thinks about the majority of Americans polled who don't want to raise the debt limit. Obama said there is a difference between professional politicians and average Americans who are busy worrying about other things. Obama said that the professional politician should know better, and the politicians who are listening to the public and representing their wishes are irresponsible. Obama should know, I guess, since he voted against raising the debt ceiling when in the senate. Listen to what Obama said, and you will understand my translation.
Obama also said he wants to make long term plans to deal with the debt so that he can spend more money short term -- then he said the infrastructure project wouldn't only be for a year or two but for many years. He's talking about trillions in new spending.
Obama also said that his recommended revenue enhancers aimed at those who can afford it, job creators, will not go into effect until 2013 and after. So, Obama is saying these tax hikes will not hurt job creators now because the taxes won't take effect for two years -- so, the companies hire someone now, and then in two years the companies' expenses go up, so what then? Do they fire the extra workers they took on after two years of employment? Does Obama think businesses make plans for a year at a time?