Ugh. Where's the Media?… Obama Openly Lies About National Deficit at Iowa Campaign Stop
If only we had a responsible, non-biased and honest media.
But we don’t. We have a corrupt media and that is why not one news organization will challenge Obama’s blatant lie about the national deficit.
The Des Moines Register reported this today from Obama’s traveling economic sideshow:
Obama defended the health care bill he signed in March, saying neither it, nor the stimulus package nor the automotive industry bailout last year was responsible for the size of the federal deficit to the extent that (Bush) tax cuts were.
He was challenged by a Des Moines manufacturing company owner, who described allowing expiration of the tax cut for families earning $250,000 or more a year, including small businesses, as “strangling the engine that does create the jobs.”
“Yeah, there’s a lot of wealth, but it’s trapped in the buildings … inventory and accounts receivable,” David Greenspon, president of Competitive Edge advertising, told Obama.
Senate Democrats have postponed action on Obama’s proposal until after the Nov. 2 election. House Democratic leaders have suggested members may still vote this week before leaving Washington to campaign.
What a blatant lie.
THE TRUTH – BUSH TAX CUTS GREW THE ECONOMY.
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
Not only were more jobs lost after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were created by President Bush’s pro-business policies and tax cuts than by the Obama-Pelosi “spend your way to hell” Keynesian failure.
THE REALITY – OBAMA’S BIG GOVERNMENT TAX & SPEND POLICIES CRIPPLED THE ECONOMY
After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.
Now Obama wants you to believe that this was Bush’s fault.
It’s a lie.