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

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
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
Add Fortune on Google for similar content.

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
Add Fortune on Google for similar content.

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

U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
2 hours ago
Mark Zuckerberg, wearing a white shirt, smiles. He is standing in front of a crowd.
SuccessMark Zuckerberg
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the ‘highest-quality beef in the world’ on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
4 hours ago
Chris Hulatt co-founder of Octopus Group
SuccessHow I made my first million
A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13.2 billion investment firm: ‘We didn’t want a traditional job again’
By Orianna Rosa RoyleJuly 2, 2026
5 hours ago
Woman taking photo in scenic landscape
Successlifestyle
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
6 hours ago
Jason Lemkin
Successwork-life balance
This investor won’t back startups unless staff are in the office 6 days a week: ‘Not because I don’t have empathy, because they’re going to fail’
By Preston ForeJuly 2, 2026
6 hours ago
The true cost of Donald Trump’s $2.2 billion year
NewslettersCEO Daily
The true cost of Donald Trump’s $2.2 billion year
By Diane BradyJuly 2, 2026
11 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
1 day ago
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
Success
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 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.