Donald Lambro

No, it was the Republicans, who were out of power in 2009 and 2010 when the Democrats had huge majorities in both chambers and could pass anything they wanted, and did. The $1.7 trillion Obamacare plan, and $1 trillion dollar job stimulus package that was a colossal failure.

At one point in his demagogic screed, Obama seems to be rewriting political history, but why let the facts get in the way of a good attack line.

"You would think that after the results were made painfully clear, that the proponents of this [tax cut] theory might show some humility, might moderate their views a bit," Obama said. "But that's exactly the opposite of what they've done. Instead of moderating their views even slightly, the Republicans running Congress right now have doubled down."

Senate Democratic Majority Leader Harry Reid will no doubt be surprised to learn that Republican are running the Senate.

Thanks to a compliant news media, he seemed to get away with blaming George W. Bush in his first two or three years. But now in the fourth year of his failed presidency, does he really think he can continue to blame Bush for the $5 trillion he added to the national debt and a weakened economy where jobs are still in short supply?

Notably, he never addressed any of the major economic problems that still confront our country as he approaches the end of his term.

He said nothing of his vision for the future.

What planet is the president living on? Earth to Obama: more than 24 million Americans are still unemployed. The economy grew at a feeble 1.6 percent (fourth quarter over fourth quarter) in 2011. Poverty has soared to its highest level in 50 years, with 46.2 million Americans below the poverty income line, up from 43.6 million in 2009.

"Under this president's watch, more Americans have lost their jobs than during any other period since the Great Depression," Romney says.

Obama's blood sport attack Tuesday was filled with vague terms like "economic fairness," but you would have a hard time finding any mention of the terms that matter most to millions of jobless Americans: economic growth, job creation, new business formation, investment.

The construction industry is still in a recession. Home prices continue to fall. Home foreclosures are expected to surge in 2012. Nearly 20 states suffer from jobless rates of between 8 and 12 percent, and new business start-ups, the wellspring of job creation, are at their lowest level in 30 years.

Four dollars a gallon gas anyone? Obama says he isn't to blame.

But Steven Chu, his secretary of the Department of Energy, told the Wall Street Journal in 2008, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe" where it is about $9.

Some of Obama's defenders are calling this dismal high unemployment, subpar growth economy "the new normal."

But in 1984, after Ronald Reagan cut taxes across the board, the economy came roaring out a severe recession with 8.5 percent growth, after creating 3.5 million jobs in 1983, including more than a million jobs in one month.

That's what Obama was ridiculing Tuesday as "trickle down economics."

Donald Lambro

Donald Lambro is chief political correspondent for The Washington Times.