Chris Christie: 'Stop Lying, Mr. President' About Romney's Economic Plan

George Stephanopoulos
Chris Christie: 'Stop Lying, Mr. President' About Romney's Economic Plan
Chris Christie: 'Stop Lying, Mr. President' About Romney's Economic Plan (ABC News)

New Jersey Gov. Chris Christie accused President Obama of lying this morning after I showed him an advertisement being run by the Obama campaign attacking Mitt Romney's economic plan and accusing the former Massachusetts governor of wanting to cut taxes for the wealthy. I asked Christie how he would respond if it were him debating the president Wednesday night during the first presidential debate.

"Stop lying, Mr. President…Governor Romney is not talking about more tax cuts for the wealthy. In fact, what he said is that the wealthy will pay just as much under a Romney administration as they pay today," Christie said. "I love those ads. I mean, you know, the president gets to say things like a million new manufacturing jobs, well, how, Mr. President? We're still waiting. Four trillion reduction in the debt. Really, Mr. President? How? Simpson-Bowles? You haven't endorsed your own plan. Nor has he come forward with a plan. I mean, it's a great ad. I have no doubt about that. It sounds really nice, and it looks nice. But there's nothing substantive there."

President Obama released an advertisement last week that accused GOP presidential nominee Mitt Romney of sticking with policies that led to the financial crisis in 2008.

"Governor Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he'd double down on the same trickle down policies that led to the crisis in the first place," Obama said in the two minute advertisement.

I spoke with White House senior adviser David Plouffe after my interview with the governor of New Jersey and he called the accusation that the president was lying, "not true."

"Strong words. They're not true. Listen, analysts have looked at this. Someone who makes over $3 million a year would get over a $250,000 tax cut if Governor Romney's plan were to be enacted. And let's just step back. It's a $5 trillion tax cut, $2 trillion in defense spending, by the way, that our Pentagon and our military leadership says we don't know, another $1 trillion to extend all the Bush tax cuts. That's $8 trillion," Plouffe said. "The notion that somehow by closing loopholes for the wealthy that the middle class is going to be held harmless - you know, the middle class needs to understand, if - if Mitt Romney wins this presidential election, they're going to be paying the bill, not to reduce the deficit, not to reduce jobs, but to give huge tax cuts to the wealthy," he said.

"So we're happy to have that debate, because we think the facts are on our side," Plouffe said.

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