Obama deficit lies, Obama blames Bush tax cuts, AP repeats Obama lie, Washington Post reveals Obama lie, 4th Straight $1 Trillion Plus deficit spending
“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012
“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells
“Student health care costs have doubled, tripled and in some cases increased over 1000% in 2012. Premiums for employer provided family coverage rose $2,370 since 2009, Obamacare penalties to hospitals will average $125,000 per facility in 2013 and gasoline has risen over $2 per gallon since Obama took office.”…Citizen Wells
“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″
Obama has been blaming Bush for the deficit and bad economy since he began running for the presidency. He continues to blame the Bush Tax cuts for the deficit even though it is a lie. The Washington Post recently exposed this lie.
From Citizen Wells October 8, 2012.
“From the Washington Post October 1, 2012.
“Obama’s claim that the Bush tax cuts led to the economic crisis”
“Now 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.”
— President Obama, in a new two-minute television ad released Sept. 27, 2012
“This election to me is about which candidate is more likely to return us to full employment. This is a clear choice. The Republican plan is to cut more taxes on upper income people and go back to deregulation. That is what got us into trouble in the first place.”
— Former president Bill Clinton, in an Obama campaign ad running since August
When two different people give virtually the same message in two different ads, it’s a good bet that the language has been carefully poll-tested. Both President Obama and former president Bill Clinton assert that Mitt Romney wants to cut taxes for the wealthy and cut financial regulations — which they suggest is a recipe for another economic crisis.
The name “George W. Bush” is never mentioned but is certainly implied. This leads to the question: Did the Bush tax cuts cause the economic crisis?
We’ve been interested in the Clinton comments for some time and never quite got a satisfactory response from the Obama campaign. But Clinton used the vague word “trouble,” which could be broadly defined as also meaning higher deficits. (Clinton’s staff did not respond to queries about what he meant.) Certainly the Bush tax cuts did play some role in higher deficits, though, as we have noted, increased spending played a bigger role.
But Obama is not vague at all. He highlights the tax cuts and then says the “same trickle-down policies” — Democratic code for tax cuts for the wealthy — led to the “crisis.” The campaign’s back-up material labels that as “economic crisis,” thus leaving no ambiguity about his reference.”
“The Pinocchio Test
It is time for the Obama campaign to retire this talking point, no matter how much it seems to resonate with voters. The financial crisis of 2008 stemmed from a variety of complex factors, in particular the bubble in housing prices and the rise of exotic financial instruments. Deregulation was certainly an important factor, but as the government commission concluded, the blame for that lies across administrations, not just in the last Republican one.
In any case, the Bush tax cuts belong at the bottom of the list — if at all. Moreover, it is rather strange for the campaign to cite as its source an article that, according to the author, does not support this assertion.”
Despite the fact that Obama knew it was a lie, Obama continued to blame the Bush Tax cuts in his debate with Mitt Romney.
“When I walked into the Oval Office, I had more than a trillion-dollar deficit greeting me. And we know where it came from: two wars that were paid for on a credit card; two tax cuts that were not paid for”
From NPR and the AP October 12, 2012.
“US Runs A 4th Straight $1 Trillion-Plus Budget Gap”
“The United States has now spent $1 trillion more
than it’s taken in for four straight years.
The Treasury Department confirmed Friday what was widely expected: The
deficit for the just-ended 2012 budget year — the gap between the
government’s tax revenue and its spending — totaled $1.1 trillion. Put
simply, that’s how much the government had to borrow.
It wasn’t quite as ugly as last year.
Tax revenue rose 6.4 percent from 2011 to $2.45 trillion. And spending
fell 1.7 percent to $3.5 trillion. As a result, the deficit shrank 16
percent, or $207 billion.
A stronger economy meant more people had jobs and income that
generated tax revenue. Corporations also contributed more to federal
revenue than in 2011.
The government spent less on Medicaid and on defense as U.S. military
involvement in Iraq was winding down.
Barack Obama’s presidency has coincided with four straight $1
trillion-plus annual budget deficits — the first in history and an
issue in an election campaign that ends in 3½ weeks.
When Obama took office in January 2009, the Congressional Budget
Office forecast that the deficit that year would total $1.2 trillion.
It ended up at a record $1.41 trillion.
The increase was due in large part to the worst recession since the
Great Depression. Tax revenue plummeted, and the government spent more
on stimulus programs.
Tax cuts enacted under President George W. Bush and military spending
in Iraq and Afghanistan contributed to the deficits.”
The AP, Associated Press, repeats the Obama lie about Bush Tax Cuts contributing to the deficits.
“Tax cuts enacted under President George W. Bush and…contributed to the deficits.”
For their continued efforts to help Obama the AP receives 4 Orwells.