Obama predicts $1 billion in GOP attack ads saying 'it's all my fault

“From now until then, both sides will spend tons of money on TV commercials. The other side will spend over a billion dollars on ads that tell you the economy is bad, that it’s all my fault; that I can’t fix it because I think government is always the answer, or because I didn’t make a lot of money in the private sector and don’t understand it, or because I’m in over my head, or because I think everything and everybody is doing just fine,” Obama said at Cuyahoga Community College Metropolitan Campus in Ohio on Thursday.

Notably, Obama did not refute the hypothetical accusations.

“That’s what the scary voice in the ads will say; that’s what Mr. Romney will say; that’s what the Republicans in Congress will say. Well, you know, that may be their plan to win the election. But it’s not a plan to create jobs. It’s not a plan to grow the economy. It’s not a plan to pay down the debt. And it’s sure not a plan to revive the middle class and secure our future.”

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Obama renewed his call for Congress to increase taxes on individuals making over $200,000 per year, specifically calling out his opponent, former Massachusetts Gov. Mitt Romney.

“I don’t believe that giving someone like Mr. Romney another huge tax cut is worth ending the guarantee of basic security we always provided the elderly and the sick and those who are actively looking for work,” Obama said.

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