Obama then plugged his failed and expensive green initiatives.
With the unemployment rate at a record 9.1% and deficits and debt at record levels Obama bragged about his green initiatives that rely on government handouts to survive.
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Then Obama lied about Bush tax cuts.
Obama claimed the tax cuts slowed the economy and the tax hikes spurred economic growth.
What a dishonest far left loon.
This may come to a surprise to Obama but…
The Bush tax cuts grew the economy and paid down the deficit.
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 initially 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.
But, since when did facts matter to our radical far left president?