Eight False Things The Public “Knows” On Election Day


And while we’re on the topic of things to think about this election cycle, Dave Johnson puts forth a few of his own, including:

1) President Obama tripled the deficit.
Reality: Bush’s last budget had a $1.416 trillion deficit. Obama’s first budgetreduced that to $1.29 trillion.

2) President Obama raised taxes, which hurt the economy.
Reality: Obama cut taxes. 40% of the “stimulus” was wasted on tax cuts which only create debt, which is why it was so much less effective than it could have been.

3) President Obama bailed out the banks.
Reality: While many people conflate the “stimulus” with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be “non-reviewable by any court or any agency.”) The bailouts passed and began before the 2008 election of President Obama.

 

Read ‘em all here.   (Thanks, Wulfgar)

One comment on “Eight False Things The Public “Knows” On Election Day

  1. Wulfgar says:

    You are more than welcome. I only wish I’d have written it.

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