Way to go Smart People and Election 2010

Five False Things Republicans got the Public to Believe Prior to Nov. 2nd 2010

1. President Obama tripled the yearly deficit.

False, President Bush’s last budget was 1.416 trillion. President Obama’s first budget was 1.29 trillion. Source: Congressional Budget Office

2. President Obama raised taxes which hurt the economy.

False, 40 percent of the 787 billion dollar stimulus went to tax breaks on top of the Bush tax breaks already in effect. It’s the only way senate Republicans and Blue Dog Democrats would vote for it. Source: C-Span

3. President Obama bailed out the banks.

False, The bank bailouts were requested by President Bush and his Secretary of the Treasury Henry Paulson the former CEO of Goldman Sachs. These bailouts were signed into law on Oct 3, 2008, a full month before Obama was elected and three months before he took office. Source: Too Big To Fail, Andrew Ross Sorkin

4. The stimulus did not work.

False, The stimulus created at least 1.4 million non government jobs. In fact the last three months of the Bush administration saw job losses of over seven hundred thousand jobs a month. In comparison the stimulus was signed into law mid February 2009 and by April 2009 the losses had been cut by a hundred thousand a month and by August 2009 had been cut in half to three hundred thousand a month. If not for the stimulus the job loss would have kept increasing. Source: Business Insider and Department of Labor.

5. Health Care (Obama Care) will add a trillion dollars to the deficit.

False, According to the Congressional Budget Office it will actually decrease the debt by 138 billion.

Look this stuff up for yourself if you don’t believe me, or are you afraid to. Congratulations to the Republicans. They sold you on tall tales. They say they will cut the deficit, but ask any of them where they are going to cut. None of them will commit to cutting anything. The biggest programs are Social Security, Medicare, and Military, and they will not touch those three or they’ll be out as fast as they got in. Ask them if they are going to vote yes on raising the debt ceiling next year. I’ll bet they do, because if they don’t the U.S. will not be able to pay loans that are do. And now that were off the gold standard there will be no faith in the value of the dollar anywhere in the world.