Statement by Gov. Rick Perry on President Obama's Speech on the Economy

AUSTIN — Gov. Rick Perry today issued the following statement on President Obama's speech on the economy:

"President Obama's plan is a bait and switch that offers more than a trillion dollars in higher taxes for a promise of temporary tax relief. The president penalizes investment when it is needed most, discourages charitable giving and doubles down on a failed government stimulus strategy.

"Worst of all, the Obama plan fails to provide the certainty employers need to create jobs and the spending and deficit reduction our economy needs."