Obama purposeful weakening of US economy
1. Obamacare passed it with regular lies about keep your doctor and plan, and false promises it woiuld reduce costs. It will cost triple the estimate.
2. Every yearly deficit is higher than any president before him.
3. His accumulated debt will double ALL previous debt.
4. Record poverty under Obama.
5. Record poor recovery from recession.
6. Record food stamp enrollment.
7. Record disability applications.
8. Record low percentage of adults in full time workforce since depression
9. His trillion dollar stimulus boondoggle produced 0 lasting jobs
10. Record scandals and abuse of power IRS, VA, EPA abuse, NSA, AP, Solyndra and chrony
capitalism
11. Unprecedented gutting of our military and threats rapidly increase
12. Record middle class loss of wealth in 6 year period
13. Only the super rich benefited from Obama, you know the guys he vacations and golfs with every day/
. National debt has climbed from $10 trillion to over 16 trillion since he took over. Romney took over budget deficits in Masachussetts and left office with a surplus.
He tells 60 minutes he doesn't know what it is OBAMA SAYS HIS PLAN REDUCES THE DEFICIT BY $4 TRILLION
THE CLAIM: Obama: “I’ve Proposed A Specific $4 Trillion Deficit Reduction Plan.”OBAMA: “I’ve proposed a specific $4 trillion deficit reduction plan. … The way we do it is $2.50 for every cut, we ask for $1 in additional revenue.” (President Barack Obama, Presidential Debate, Denver, CO, 10/3/12)
THE FACTS: “Virtually No Serious Budget Analyst Agreed With This Accounting.” “But virtually no serious budget analyst agreed with this accounting. Obama’s $4 trillion figure, for instance, includes counting some $1 trillion in cuts reached a year ago in budget negotiations with Congress. So no matter who is the president, the savings are already in the bank.” (Glenn Kessler, “Factchecking The First Presidential Debate Of 2012,” The Washington Post‘s The Fact Checker, 10/4/12)
THE FACTS: Obama’s $4 Trillion Figure Includes Money From Legislation Enacted With Republicans And From War Savings That Would Occur Anyway. “In promising $4 trillion, Obama is already banking more than $2 billion from legislation enacted along with Republicans last year that cut agency operating budgets and capped them for 10 years. He also claims more than $800 billion in war savings that would occur anyway. And he uses creative bookkeeping to hide spending on Medicare reimbursements to doctors.” (Calvin Woodward, “FACT CHECK: Presidential Debate Missteps,” The Associated Press, 10/3/12)
“Take Those ‘Cuts’ Away And Obama’s $2.50/$1 Ratio Of Spending Cuts To Tax Increases Shifts Significantly More In The Direction Of Tax Increases.” (Calvin Woodward, “FACT CHECK: Presidential Debate Missteps,” The Associated Press, 10/3/12)
Obama “Twisted The Truth” With The $4 Trillion Figure. “Obama also twisted the truth when he repeated the claim that his proposals would reduce the 10-year deficit by $4 trillion. In fact, the Congressional Budget Office found that Obama’s budget would increase cumulative deficits by well over $2 trillion over that time period.” (Meghan McCarthy, Katy O’Donnell, Amy Harder, and Catherine Hollander, “Fact Checking The Presidential Debate,”National Journal, 10/3/12)
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