28
Oct
10

‘you’ve heard the lies, now believe the facts’

Extracts from Gene Lyons’ Salon article: You’ve heard the lies, now believe the facts

Government spending is out of control under President Obama – the deficit has tripled

“Never happened. History records that President George W. Bush, who inherited a $236 billion government surplus from the Clinton administration in 2001, handed President Obama a stacked deck eight years later.”

“The Congressional Budget Office’s projected budget deficit for FY2009, beginning four months before Obama took office, was already in excess of $1.3 trillion. Indeed, the 2011 budget deficit is projected to be ever-so-slightly lower than the one Bush left on the White House doorstep. Despite the one-time $787 billion economic stimulus (spread over three years), no huge growth in government spending has taken place on Obama’s watch.”

“Three proximate causes of the rising national debt remain: the Bush tax cuts of 2001, his unfunded Medicare drug benefit, and the wars in Iraq and Afghanistan. Alas, stating these historical facts has been declared out of bounds. It’s playing the “blame game,” a formulation greatly persuasive to Tea Partiers and conservative talk-show hosts basically because it rhymes.”

The Stimulus was a failure

“People have heard Republicans say “the failed stimulus” so often that many believe it. Again, according to the CBO, the American Recovery and Reinvestment Plan resulted in approximately 3 million jobs, the difference between a lingering recession and a full-blown depression, most economists would say.”

Obama has raised taxes

“Actually, he cut them. Almost one-third of the stimulus consisted of tax cuts, not spending. But because the money reached people in small increments through decreased withholding, most don’t know it.”

Obama bailed out Wall Street and the auto industry

Wrong. “The Bush administration enacted TARP in October 2008, although most Democrats (Obama included) voted for it. We’d all like to see more high-flying Wall Street fraudsters locked up, but TARP did succeed in saving the financial system while paying for itself.”

“Ditto the auto industry bailouts, an unfortunate necessity also first initiated by the Bush administration that’s basically worked. Do you really think Americans would be better off without General Motors?”


3 Responses to “‘you’ve heard the lies, now believe the facts’”


  1. 1 Obaman
    October 28, 2010 at 9:25 pm

    To all Americans. You have got the BEST president you ever had after AL and you will ever have for generations to come. Stand by this man please! He is honest, truthful and a GREAT LEADER. He is good for America and he is good for all of us – world citizens. Please vote back Democrats to power this mid term. Dont tie Obama down by allowing Republicans to take charge. They are jealous and they dont have a strong leadership and they are just becoming extreme through so called TEA PARTY. Its a dangerous thing! Please. You did a great job electing Obama two years ago. But he cant deliver Change unless he has strong support of all of you. He is no magician to change the world single handedly. Although, people like me do believe that he is a god sent man to this world with a great mission. Please provide him the support. He did a fantastic job as president last two years. Allow him to continue doing it for next 6 years. Wish you the best… Obaman.

  2. 2 Ruth
    October 28, 2010 at 11:13 pm

    They need to run these facts in all major newspapers ! Shout it from the roof tops….Im tired of hearing, “what has he done?” ooooo, it just makes me barf. The media isn’t doing a good job either. I am trying to be on a media diet. My nerves can’t handle it sometimes.lol. Even watching MSNBC can get annoying lately. Anyways, I’m hooked on this website and I love it!:)

  3. 3 Eleroy
    October 29, 2010 at 3:04 am

    Why did everyone wait this long to write and speak out? It really maddens me that these reports and write-ups should have been done earlier instead of all the criticism and whining directed at our amazing President. It makes me just so livid!!!


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