As Obama Leaves MN, The Economy Takes Center Stage

MINNEAPOLIS (WCCO) — Faced with the worst approval ratings in his presidency, Barack Obama came to Minnesota to rally his supporters.

The crowd listened as the president talked about the economy and jobs.

“We should actually make more investments to put more people to work and get the economy moving,” Obama said.

The president took his message to downtown Cannon Falls, the Old Time Deli, where he had lunch, and asked business owners how they were doing.

“We’re growing,” said Gary Tournier, a business owner. “Our catering business is growing, and our sales have grown every month, so were constantly hiring people.”

While his business is growing, other business owners are having a hard time making ends meet.

“Our business is doing well, but we do run into some crunches,” said Bob Rapp, who owns a plastics business.

He is keeping his head above water, but he is not able to bring aboard any new hires.

“We do as much as we can with as few people as we can,” he said. “Growth is always an issue.”

Scott Peer, who served two tours in Iraq, said he lost his job when he came home from his first tour and found that the business he worked for had relocated.

“Then I got deployed again, and when I came home, I applied for a few jobs,” Peer said. “No luck, so I decided to go back to school.”

Peer said the president knows the issues, but he wanted Obama to hear them first hand from people living with unemployment during tough economic times.

Many who live in Cannon Falls work in either the Twin Cities or Rochester. They said they’d like to see new businesses come to town and hire locals, but they don’t see any movement from the Executive Branch to make that happen.

More from Reg Chapman
  • "People invest to make money, and potential taxes have never scared them off. " Warren Buffett

    I found one little problen with the article. I do not believe that he is out to rally his supporters. His supporters still believe in him and agree with the direction he is trying to lead this country. He is out to convince those who either don’t know or trust what his vision for this country is. He is out to shed a light on what really matters which has been completely forgotten by politicians. We have to create jobs. We have to raise taxes on the richest Americans. Warren Buffett, the No.3 richest man in the world, has clearly made the case this sunday in his article (Stop Coddling the Super-Rich Published: August 14, 2011).

    “Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.” Buffett wrote in the article.

    Buffett also states that he as well as his billionaire friends did not ask for nor need the Tax Cuts proposed by Republicans, the rich will invest no matter the tax rate. Buffett wrote, “I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.”

    • James R

      According to the New York Times article By DAVID KOCIENIEWSKI “Based on projections by the Joint Committee on Taxation, the Congressional Budget Office and the Treasury, the tax increase on all three fronts would generate as much as $500 billion in new revenue over the next decade — about a third of what the Congressional committee is supposed to cut from the deficit.”


      R-Rep. and Member of the Ways and Means Committee stated,
      ‘This is not a serious solution for deficit control or getting this dismal economy on its feet…Economic growth does not follow a tax increase. So as much as I respect Mr. Buffett, his proposal fails on virtually every level.”

      The republicans claim to be “serious about deficit reduction” but cannot break their no tax on the rich pledge.

  • Pavel


  • clinton

    Put this joker back in the zoo. He is finished and will never get a second term. He belongs in Prison for treason.

    • Spectre

      Another TeapubliCON racist fool opens his pie hole and shows his intellect…way to go fool…you inbred TeapubliCON’S prove how stupid you are every time you comment…what a miserable lot you all are…

      • nobammy

        Spoken like a True Sheep!!! baaaa…..baaaa…….

        • NOWACHMANN

          Spoken like a TRUE SHEEP FACKER.



  • Christian Wait

    15% of the GDP (current level of taxation) is more than enough for the federal government to fulfill its Constitutional duties.

    For God’s sake, the Bush tax cuts for the rich that Democrats continually harp on “cost” about as much as our foreign aid tab!

    • Bill H

      Get your numbers right, those tax cuts cost over $700B, on average gives millionaires $600,000 in extra pocket change each year.

      • Carl

        Try 70 Billion Bill H and guess who extended the tax cuts? Obama! Democrats must have a short term memory problem. They would rather balame Bush than look at the fact they soley exteded the cuts. Wake up you bafoons!

      • Christian Wait

        Foreign military aid: 10.1 billion
        Foreign economic aid: 44.1 billion
        Total: 54.2 billion

        And that doesn’t count the expense of using military assets for relief efforts (ie using choppers to air drop supplies)

        Bush tax cuts: 70 billion per year

        Kinda puts things in perspective, huh?

        • jimmy

          @Christian Wait

          You link to a Christopher Chantrill blog, a right wing nut case who tries to make his blog look like a official gov. sight.
          Did you even look at his data sources? If you would have taken the time to do so one of the first words you would seen is GUESSTIMATED.
          Here let me guesstimate your IQ. 0.00005 prove me wrong.

  • Hunky Dorey

    If Obama would stop spreading wars and giving foreign aid to enemies like Pakistan, we’d have plenty of money for other things.

    The only politician that I trust is Ron Paul because I’ve seen Obama reverse almost all of his promises, so I won’t vote for him this time.

    How does a country explain having money to bomb another country and not have enough money to feed it’s elderly is beyond me and sick

    • Les Johnson

      Spreading wars? What does that even MEAN??

    • Steve

      Give me a break…HOLY!!!

  • Stacy

    His plan is to spend more money. Typical Liberal. The only way to create jobs is to create demand for them. Congress must stop the tax loophole for big business, increase tariffs and make it so it is more affordable for big business to create the products here in America. That is the only solution. But Congress gets paid under the table big buck by big business to let them do it..

    • Stephen

      He talks about INVESTING, which means the money you spend today will provide you with a greater return in the future. Spending is giving more money to the rich who don’t need it. Take the time and listen to the Obama town hall on CSPAN.ORG under the Video section. The perfect example is the American Auto Industry. Look at where was it three years ago, and look at their financial statements today. They’ve turned into profitable businesses .

      • Deanna

        $780 Billion could have bought all 3 automakers. They would have come thru it just fine under the BK laws as well. Still a huge waste of taxpayer dollars!

        • Gary M

          You mean $19 Billion. you’re only off by $761 Billion. Good try though. Bachmanns statements are not meant to be factual. She says so herself.

  • Spectre

    You mock Obama…then you say the same thing he has said countless times…is it a Black thing or do people just not HEAR the President???

  • Redneck Purist

    Anyone else notice how the liberals never get around to cutting any entitlement spending? To say that he blows other people’s money like a drunken sailor is an insult to drunken sailors (Reagan’s line, brilliant). He pushed himself as some kind of new, apolitical, altruistic, liberal Gandhi. Turns out he’s just another tax and spend liberal like Jimmy Carter whose policies are getting the same results. These liberals never learn the lessons of history, so they doom the rest of us to repeat it.

    As far as the old codger Buffet goes, I don’t care how brilliant people think he is, if he thinks taking money out of the private economy will some how, magically help it grow, he’s insane. Just because billionaires can withstand a financial tax hit, doesn’t mean it’s good fiscal policy. Here’s a question: Which billionaire is more likely to hire, invest, expand their business etc, the one who has more of his cash or less of it????? Gosh Warren, how can you be so brilliant and not get this? I can understand him wanting to “volunteer” more of his income for a good cause(though the last place I’d throw my extra cash is into the sucking maw of liberal out of control spending), and there is a provision for doing it on his tax forms. Yes you can give more than your legal obligation to govt. if you’re that stupid. So why doesn’t he make use of it???? Because it’s all for show! He’s so insanely rich that he needs to make a show of generosity for his fellow liberal friends. Liberals are always in competition with each other, swanning around and tripping over themselves trying to prove how much they care. So why doesn’t he just give his whole fortune to government and keep only enough to live on???? Because it’s just an act, that’s why. Liberals have a constant need to affirm each other and themselves and assuage their misguided guilt over having more than others. That’s all this is. Buffet is just an old, liberal buffoon.

    • Hannah R

      You obviously learned all of your Reagan history from Republican rhetoric. You need to lear a bit about Reagan. He was not the Patron Saint of Tax Cuts. After his first year in office and drastic Tax Cuts which greatly decreased revenues, he had to raise taxes on the following years. All of those tax cuts produced a larger deficit when he left the white house than what he began with. He imposed the Largest Tax Increases of any president in history. By todays republican standards the man would be a LIBERAL NUT.

      Ronald Reagan Myth Doesn’t Square with Reality

      • Redneck Purist

        Reagan only ever raised taxes that liberals sent him in their budget. He never proposed or asked for them. He signed off on their increases as a part of other deals for things he wanted from congress. Also, Reagan grew the GDP by almost 100%. So even doubling the debt was in effect lowering it compared to the GDP. If you have 50K and are 5K in debt, and the next year you have 100K but are now 10K in debt, which is better? When Reagan left office the top rate was 28%. When he started it was 70%. Nice try though.

        • Dalia K.

          I hope you realize you just made the case for democrats. Its ok to spend money as long as the benefits outweigh the cost. ITS OK TO INCREASE THE DEFICIT AS LONG AS YOUR TRYING TO GROW THE ECONOMY. THANK YOU. Finally a tea party nut who deep down inside has a slight clue.

          • Stephen

            You’re correct Dalia. There is hope for this Hillbilly.

          • hard rains

            lol…good point

          • dan

            The problem with Obama is that he has proven he cant grow the economy by increasing the deficit. Point to the fact that he wasted almost $800 Billion in his little experiment that did nothing for the economy or the shovel ready projects he touted.
            This guy is tooting the same horn he had 3 years ago running for office. He has proven to be an ineffective leader that has no concpet of how to bring together the 2 parties. Dont think for a minute he is in any different of a situation than all past presidents at one time in their administration.

            • You should not rely ob Bachmann for accurate figures.


              “Authority for the Troubled Asset Relief Program was originally set at a maximum of $700 billion; however, that total was reduced to $475 billion in the Dodd–Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203).”

              “To fulfill its statutory requirement, CBO has prepared this report on transactions completed, outstanding, and anticipated under the TARP as of March 3, 2011. CBO estimates that the cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not been made yet, will amount to $19 billion. That cost stems largely from assistance to American International Group (AIG), aid to the automotive industry, and grant programs aimed at avoiding foreclosures. Other transactions with financial institutions will, taken together, yield a net gain to the federal government, in CBO’s estimation.” CBO REPORT ON STIMULUS MARCH 2011

          • Redneck Purist

            That’s the difference between “Trying” to grow the economy (Obama) and actually doubling it (Reagan). Debt as as a percentage of GDP has skyrocketed under Obama, and plunged under Reagan. At a growth rate of less than 2% me thinks Obama will fall just a teensie bit shy. I’m glad you’re liking it.

            But for the rest of us the Obama economy is about as wildly popular as a turd in the punch-bowl. Get back to me after things improve under Obama, as they did under Reagan.

        • hard rains

          during the Reagan admin there were changes to what constitutes the GDP and the standard of living index.

          Appearances are deceiving.

    • snowman

      cut entitlement spending? I have paid into social security and medicare all my working life.,therefore I am entitled to the benefits!

    • jimmy

      @Redneck Purist
      Which billionaire is more likely to hire, invest, expand their business etc, the one who has more of his cash or less of it?????

      Your question is a straw dog and not worth answering.

      Instead why don’t you explain to the people how raising the income tax on the CEO of Target will affect the hiring practices of Target. He is nothing more than a W2 employee much like the employee that sweeps the floor. Yet you want us to believe that if we raise the income tax on the CEO of Target, Target will not hire during the Christmas rush. nonsense.

      • Redneck Purist

        Don’t be silly. Number one, it doesn’t belong to the government (or you and your liberal buddies). Number two, any and all money taken from the private economy and thrown into the sucking vortex of federal spending is lost forever. You can’t have it both ways. You can’t say trickle down economics doesn’t work in the private sector, but government spending does trickle down into the economy. If the CEO of Target has millions in cash of personal income, he’ll either buy stuff with it, or invest it to make more. For every dollar you take, it’s dollar less for him or her to use in the private economy. It’s simple enough. Whether he or she can afford it is beside the point. Dollars kept in the economy help create more wealth and even more tax revenue. We need more wealthy people, not less. According to the IRS, you could take everything from everyone who makes above 100K per year and would be less than 1.5 trillion dollars. That’s less than our budget deficit.

        And if the CEO of Target wants to donate more than his legal tax liability to the government, he can. But like Warren Buffett, he probably won’t. Warren complains that he’s being coddled, yet he doesn’t offer to pay more himself. Why doesn’t he put his own money where his mouth is, or shut his yapper? Typical liberal Peacock. Oh I really want to pay more, but darn, the government only wants 17%. So write a check Warren!

        It’s like getting in front of the cameras and announcing to the world that you’re donating a kidney to a sick kid so everyone can say what a swell and generous guy you are, but when the cameras stop, oh darn – sorry kid – wrong blood type. But you know I’d do it if I could. His generosity is all a tax deduction for him. He’s a typical liberal tightwad. He knows that liberals hate the rich, so he has to make a big show of throwing his money around to stay in the club.

        • "Quoted"

          Yes, we are ripe for a surprise revolution. In “Third World America” Arianna Huffington warns: “Washington rushed to the rescue of Wall Street but forgot about Main Street.” Now Bernanke’s promise of cheap money through 2013 is just one more “free lunch” to the richest 1%. Meanwhile, “one in five Americans unemployed or underemployed. One in nine families unable to make the minimum payment on their credit cards. One in eight mortgages in default or foreclosure. One in eight Americans on food stamps. Upward mobility has always been at the center of the American Dream … that promise has been broken… The American Dream is becoming a nightmare.”

          Wake up folks. Super-rich addicts are destroying the American Dream for everyone. They’re destroying the American economy. They don’t care about you. Yes, they hear the ticking time bomb. They’re stockpiling cash. Don’t say you weren’t warned. The IMF sees a new collapse sweeping across the planet. Open your eyes. You’re not watching a film. This is not a metaphor. Plan now for the revolution, class warfare, market crash, economic collapse, plan for another depression.

        • Redneck, get a freaking clue.

          You just don’t get it. Trickle down economics DO NOT WORK. Look at the Bush years, the average middle class income fell, dropped, decreased, was less than when he entered into office. Deficits, Spending, Borrowing Soared. Guess who made off like MADOFF. The rich where the only ones who’s income quintupled, increase fivefold, it was 5x greater after the Bush Era, at the same time their tax rate was nearly cut in half. If you Love Trickle Down Economics so much, you like crumbs so much, move to China, N. Korea, Cuba, or Venezuela.

          • "Quoted"

            how you got that from the quote displays that you need to get a freaking clue. But your opinion tends to be neither here nor there.

        • Larry the cable guy need a reality check.

          You have you head so far up Limbaugh’s butt you can’t think straight. For every dollar in tax cuts we give the wealthy, the rest of us have to pick up the tab. Get it, tax cuts for the rich cost the middle class. If Redneck wants to pay more in federal, state, local taxes he can. I’m not sure if he pays property taxes on his mobile home, but if he does he can do that to. The rest of us do not agree with his Rush Limbaugh view.

    • Get real

      You are knocking Buffet? I believe he is a lot smarter than you and a very intelligent businessman, and how much do you make? You think you know more than him, I would believe him first over a low life person like you who thinks he’s knows more than Warren Buffet.

  • BMW

    In theory I kind of like the guy…. two new million dollar armored busses… 45 vacation days a year… whats not to like…

    However, as President of the country I’ve know and loved for more than fifty years… hes a flop and he needs to go. One of his many false promises was to turn the economy around in his first four years, For the average guy trying to make ends meat, I’m afraid things are not improving much. All the sudden, three years later, Obama is campaigning in midwest swing states that he needs to win in 2012 on the promise of creating jobs… hmmm. Little has been accomplished in three years.

    Oh, and you can take your Obama care and shove it. My insurance escalated in cost by around double or triple as my insurers are trying to be in compliance with future laws. I’m not given much choice in health insurance coverage except to conform to what the government dictates what I have to carry for coverage.

    • jimmy

      ” My insurance escalated in cost by around double or triple as my insurers are trying to be in compliance with future laws”

      So your insurance doubled or tripled over the last 2 years and you were too stupid to change your insurer. My God conservatives must be the dumbest animals on the face of the earth.

  • hem

    It’s over for obama. he had his chance.


    correction!!!1.1 million dollar bus, not 2 million dollars. Plus, that’s definitely not expensive for a president’s privacy. Especially, when compared to Will Smith’s bus rides.

    Also, nothing is perfect. Improvement does take time and Obama is trying his best to reason and come up with solutions. He is not just acting stupidly or going with what may sound right. He is a thinker and a strategist. He needs time, but he definitely will get there if you guys give him a chance and stop criticizing his every move towards a solution.

    Insurance and Healthcare has ways to go and he knows it and at the very least is doing something about it. If you have a better idea that would solve everything , then go ahead and share BMW!

    • BMW

      In my opinion, the one thing both party’s are at fault with is the handling of the budget debacle and the deficit. The republican establishment does not embrace him or mention his name a lot, but I agree with Gary Johnson that we should cut 43 cents out of every dollar we spend because thats how much the Federal government is borrowing. We should start doing that now and not 10 years from now.

      Obamacare I think is a cover to take money from the rich to pay for the poor. I did shop and fill out forms for around four months for a plan. I am not certain if any of of the funds might roll over to an escrow to pay for part when I get older. But I think thats the case with some of the money that does not get spent. Good Health would not cost so much if it was not for all the regulations and insurance. If you are a doctor, its my understanding they have to pay a lot for insurance in case of malpractice. My answer would be to let the customer choose the level of insurance that they wish to purchase. If you only wanted to be treated for a broken leg but not go so far as say a kidney transplant then you need not opt for the most expensive plans. Or if you only wanted holistic care and did not always subscribe to Western medicine, then tailor such a plan.

      • hard rains

        Yer gonna take your chances, eh!

    • dan


      2 buses were built for Obama at $1.1 million each for a grand total of $2.2 Million. Lets not forget the $400,000 per hour it cost to fly him to each of his campaign venues.
      Thinker and a strategist? His only strategy is to blame everyone else for his inept ability to lead a country. We are move divided than we have ever been as the only thing Obama can do is blame the other side until he needs something passed, then its “we need to work together and put partisianship aside”

      • hard rains

        It is the other side’s fault… Obama has travelled less than the preceding presidents at this point in their Presidency’s since and including Reagan. The Buses were built for “US Presidents” not specifically for President Obama. The Republican Party is divided against itself.

      • By the way one of the 2 buses will be used by the GOP candidate.

        “Counting his recent trip to Cannon Falls, Minn., Obama has taken 143 trips out of the Washington, D.C., area since the start of his presidency (including vacation, but not counting trips to Camp David). Contrast that to former President George W. Bush at this identical point in his presidency: Bush had taken 228 trips (that count does include Bush’s trips to his Texas ranch).” Jason DeRusha.

    • Edward has the answers

      Oh Edward, I feel much better now that you explained to us he is a “thinker.” LOL.

  • JOHN

    ask your new and wonderful gov becasuse the last only lost businesses if the new one ever thought about promoting Minn as a place to open new and big business since we seem to have a quality of life here or is his only busines promotion is more taxes which will do better taxes or business because the only busines the democratics can promote and the first words out of their mouths is more taxes great business promotion gov.

    • markH

      John, that was the most awfully constructed English sentence I’ve suffered through reading in a long, long time.

      I mean really, that was embarrassing. I’m embarrassed FOR you after that comment.


      • em0886

        hahahaha right?!

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