« Obama's Weekly Address: Urging GOP Lawmakers to Help Homeowners | Main | President Obama‚Äôs Bundlers Include Former Republican Florida Gov. Charlie Crist, Gwen Stefani »

GOP Address: Rep. Jeff Flake Blasts Obama on Economy

United States Congress(WASHINGTON) -- In this week's Republican address, U.S. Representative and Republican candidate for U.S. Senate in Arizona, Jeff Flake, discusses President Obama's record on the economy, particularly the national deficit.

"Last week, the Obama Administration confirmed that the budget deficit for fiscal year 2012 will be $1.1 trillion dollars.  This will mark the fourth year in a row that the federal government has spent more than it has taken in to the tune of over a trillion dollars," Rep. Flake says, blasting the Obama Administration for it's handling of the economy.

While Democrats have touted the decreasing unemployment rate as an accomplishment, Flake says not much has changed since Obama took office.

"And what do we have to show for this prolonged and record setting federal spending?  The U.S. unemployment rate was 7.8% the month President Obama took office, the same as it is this month.  Home values have gone down by over 10% and gas prices have more than doubled.  The Obama Administration added over 5 trillion dollars to the national debt for this?" Flake says.  

Acknowledging the economy's fragility at the beginning of Obama's term, Flake says the president's methods don't deal with the economic slowdown.
“President Obama undoubtedly inherited a fragile economy, but he’s done little to improve it.  In fact, rather than take a lesson, his answer to persistently weak jobs numbers is pressure to spend another half a trillion taxpayer dollars on legislation that would fail to even take steps to deal with the economic slowdown," he says in the address.

Rep. Flake further criticizes congressional Democrats for not passing a budget.

“While House Republicans have passed a budget that addresses our challenges head-on, Democrats in the Senate have failed to even attempt to do their homework.  They have not passed a budget in over 1200 days," he says.

Flake adds that at the "current budget trajectory," future generations will not have the same opportunities "that my grandparents created for me."

“It is my hope that the recess from fiscal sanity that the last four years have represented is over.  As bad as our fiscal challenges are, it’s not too late.  The bell has rung and it is time for us to get to work,” he says.

Copyright 2012 ABC News Radio

ABC News Radio