OUCH

Obama: Ryan Plan 'Trickle-Down Fairy Dust'

Criticized Republican economic strategy.

President Obama made his first public remarks about Mitt Romney's newly minted running mate today at a Chicago fundraiser. He congratulated Paul Ryan, calling him "a decent man" and an "articulate spokesman," but criticizing the congressman's proposed economic plans that he said didn't cut deficit, create jobs, or revive the middle class. "My opponent and Congressman Ryan and their allies in Congress, they all believe that if we just get rid of more regulations on big corporations and we give more tax breaks to the wealthiest Americans, it will lead to jobs and prosperity for everybody else," Obama said. "They have tried to sell us this trickle-down fairy dust before, and guess what? It didn't work."