Taxcutter
10-05-2012, 09:24 AM
Obama has always been a lying sack, but these lies epitomize his disingenuous nature.
http://news.investors.com/100312-627990-presidents-case-for-re-election-rests-on-five-claims-all-phony.aspx
Lie No. 1:
Bush tax cuts and deregulation caused the recession.
Quote:
“Bush's tax cuts did not cause the last recession.
In fact, once they were fully in effect in 2003, they sparked stronger growth — generating more than 8 million new jobs (http://www.bls.gov/ces/) over the next four years, and GDP growth averaging close to 3%.
Those tax cuts didn't explode the deficit, either, as Obama frequently claims. Deficits steadily declined after 2003, until the recession hit.”
Taxcutter notes:
There was no deregulation under Bush (much to Taxcutter’s chargrin). The repeal of Glass-Steagal came on the Impeached One’s watch.
Lie No. 2
I stopped a second Great Depression.
Hogwash.
Quote:
“The economy had pretty much hit bottom by the time Obama took office, and long before his policies were in place.”
“…President Bush's TARP program and actions by the Federal Reserve were "substantially more effective" than anything Obama had done.”
Lie No. 3
My policies are working
Oh really? Nobody seems to be able to find any evidence of that.
Quote:
“Median household incomes, for example, have dropped $3,000 — a 5.7% decline — since the Obama recovery started. Income inequality has reached new heights.
There are 659,000 more long-term unemployed than there were in June 2009, and the share of people working has dropped to levels not seen in 30 years, according to the Bureau of Labor Statistics (http://www.bls.gov).
Meanwhile, there are 11.8 million more people on food stamps (http://www.fns.usda.gov/pd/34snapmonthly.htm) and nearly 2.7 million more in poverty than when the Obama recovery started.”
Lie No.4
A slow recovery was inevitable
Quote:
“A November 2011 paper (http://www.clevelandfed.org/research/workpaper/2012/wp1214.pdf) by economists at Rutgers University and the Cleveland Fed, for example, concluded that "recessions associated with financial crises are generally followed by rapid recoveries."
Lie No. 5
Nobody could have done any better
Warren G. Harding did much better in 1921 in a similar situation by doing exactly nothing.
Quote:
“…historically, deeper recessions have been followed by faster recoveries.”
“…Obama has presided over the slowest economic recovery since the Great Depression.”
“Since World War II, there have been 10 recoveries before Obama's. Had Obama's merely performed as well the average of all those recoveries, the nation's GDP would be a staggering $1.2 trillion bigger than it is today, and 7.9 million more people would have jobs.”
http://www.investors.com/image/2FP_121004.png.cms
Stow the ad hominems. The graph comes from Obama’s own government statistics.
http://www.investors.com/editorial-cartoons/michael-ramirez/628258/?nav=EditorialsCartoon
I’m saving this own to use every time somebody posts one of the Obama lies.
http://news.investors.com/100312-627990-presidents-case-for-re-election-rests-on-five-claims-all-phony.aspx
Lie No. 1:
Bush tax cuts and deregulation caused the recession.
Quote:
“Bush's tax cuts did not cause the last recession.
In fact, once they were fully in effect in 2003, they sparked stronger growth — generating more than 8 million new jobs (http://www.bls.gov/ces/) over the next four years, and GDP growth averaging close to 3%.
Those tax cuts didn't explode the deficit, either, as Obama frequently claims. Deficits steadily declined after 2003, until the recession hit.”
Taxcutter notes:
There was no deregulation under Bush (much to Taxcutter’s chargrin). The repeal of Glass-Steagal came on the Impeached One’s watch.
Lie No. 2
I stopped a second Great Depression.
Hogwash.
Quote:
“The economy had pretty much hit bottom by the time Obama took office, and long before his policies were in place.”
“…President Bush's TARP program and actions by the Federal Reserve were "substantially more effective" than anything Obama had done.”
Lie No. 3
My policies are working
Oh really? Nobody seems to be able to find any evidence of that.
Quote:
“Median household incomes, for example, have dropped $3,000 — a 5.7% decline — since the Obama recovery started. Income inequality has reached new heights.
There are 659,000 more long-term unemployed than there were in June 2009, and the share of people working has dropped to levels not seen in 30 years, according to the Bureau of Labor Statistics (http://www.bls.gov).
Meanwhile, there are 11.8 million more people on food stamps (http://www.fns.usda.gov/pd/34snapmonthly.htm) and nearly 2.7 million more in poverty than when the Obama recovery started.”
Lie No.4
A slow recovery was inevitable
Quote:
“A November 2011 paper (http://www.clevelandfed.org/research/workpaper/2012/wp1214.pdf) by economists at Rutgers University and the Cleveland Fed, for example, concluded that "recessions associated with financial crises are generally followed by rapid recoveries."
Lie No. 5
Nobody could have done any better
Warren G. Harding did much better in 1921 in a similar situation by doing exactly nothing.
Quote:
“…historically, deeper recessions have been followed by faster recoveries.”
“…Obama has presided over the slowest economic recovery since the Great Depression.”
“Since World War II, there have been 10 recoveries before Obama's. Had Obama's merely performed as well the average of all those recoveries, the nation's GDP would be a staggering $1.2 trillion bigger than it is today, and 7.9 million more people would have jobs.”
http://www.investors.com/image/2FP_121004.png.cms
Stow the ad hominems. The graph comes from Obama’s own government statistics.
http://www.investors.com/editorial-cartoons/michael-ramirez/628258/?nav=EditorialsCartoon
I’m saving this own to use every time somebody posts one of the Obama lies.