Post by goGopherBill on Apr 29, 2009 22:58:25 GMT -5
OBAMA: "We began by passing a Recovery Act that has already saved or created over 150,000 jobs." — from news conference.
THE FACTS: This assertion is flawed on several levels. For starters, the U.S. has lost more than 1.2 million jobs since Obama took office, according to the Bureau of Labor Statistics. Even if Obama's stimulus bill saved or created as many jobs as he says, that number is dwarfed by the number of recent job losses.
THIS IS FROM AP...NOT FOX.
WASHINGTON – "That wasn't me," President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One.
It actually was partly him — and the other Democrats controlling Congress the previous two years — who shaped the latest in a string of precipitously out-of-balance budgets.
And as a presidential candidate and president-elect, he backed the twilight Bush-era stimulus plan that made the deficit deeper, all before he took over and promoted spending plans that have made it much deeper still.
Gee you actually VOTED ..not just present.
OPPSIE....its on RECORD.
OBAMA: "Number one, we inherited a $1.3 trillion deficit. ... That wasn't me. Number two, there is almost uniform consensus among economists that in the middle of the biggest crisis, financial crisis, since the Great Depression, we had to take extraordinary steps. So you've got a lot of Republican economists who agree that we had to do a stimulus package and we had to do something about the banks. Those are one-time charges, and they're big, and they'll make our deficits go up over the next two years." — in Missouri.
THE FACTS:
Congress, under Democratic control in 2007 and 2008, controlled the purse strings that led to the deficit Obama inherited. A Republican president, George W. Bush, had a role, too: He signed the legislation.
Obama supported the emergency bailout package in Bush's final months — a package Democratic leaders wanted to make bigger.
To be sure, Obama opposed the Iraq war, a drain on federal coffers for six years before he became president. But with one major exception, he voted in support of Iraq war spending.
The economy has worsened under Obama, though from forces surely in play before he became president, and he can credibly claim to have inherited a grim situation.
Still, his response to the crisis goes well beyond "one-time charges."
Still AP not FOX or BECK...or made up R BS.
OBAMA: "You could cut (Social Security) benefits. You could raise the tax on everybody so everybody's payroll tax goes up a little bit. Or you can do what I think is probably the best solution, which is you can raise the cap on the payroll tax." — in Missouri.
THE FACTS: Obama's proposal would reduce the Social Security trust fund's deficit by less than half, according to the nonpartisan Tax Policy Center.
That means he would still have to cut benefits, raise the payroll tax rate, raise the retirement age or some combination to deal with the program's long-term imbalance.
Workers currently pay 6.2 percent and their employers pay an equal rate — for a total of 12.4 percent — on annual wages of up to $106,800, after which no more payroll tax is collected.
Obama wants workers making more than $250,000 to pay payroll tax on their income over that amount. That would still protect workers making under $250,000 from an additional burden. But it would raise much less money than removing the cap completely.
Gee I FEEL BETTER and OBAMA is soooo cool...
THE FACTS: This assertion is flawed on several levels. For starters, the U.S. has lost more than 1.2 million jobs since Obama took office, according to the Bureau of Labor Statistics. Even if Obama's stimulus bill saved or created as many jobs as he says, that number is dwarfed by the number of recent job losses.
THIS IS FROM AP...NOT FOX.
WASHINGTON – "That wasn't me," President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One.
It actually was partly him — and the other Democrats controlling Congress the previous two years — who shaped the latest in a string of precipitously out-of-balance budgets.
And as a presidential candidate and president-elect, he backed the twilight Bush-era stimulus plan that made the deficit deeper, all before he took over and promoted spending plans that have made it much deeper still.
Gee you actually VOTED ..not just present.
OPPSIE....its on RECORD.
OBAMA: "Number one, we inherited a $1.3 trillion deficit. ... That wasn't me. Number two, there is almost uniform consensus among economists that in the middle of the biggest crisis, financial crisis, since the Great Depression, we had to take extraordinary steps. So you've got a lot of Republican economists who agree that we had to do a stimulus package and we had to do something about the banks. Those are one-time charges, and they're big, and they'll make our deficits go up over the next two years." — in Missouri.
THE FACTS:
Congress, under Democratic control in 2007 and 2008, controlled the purse strings that led to the deficit Obama inherited. A Republican president, George W. Bush, had a role, too: He signed the legislation.
Obama supported the emergency bailout package in Bush's final months — a package Democratic leaders wanted to make bigger.
To be sure, Obama opposed the Iraq war, a drain on federal coffers for six years before he became president. But with one major exception, he voted in support of Iraq war spending.
The economy has worsened under Obama, though from forces surely in play before he became president, and he can credibly claim to have inherited a grim situation.
Still, his response to the crisis goes well beyond "one-time charges."
Still AP not FOX or BECK...or made up R BS.
OBAMA: "You could cut (Social Security) benefits. You could raise the tax on everybody so everybody's payroll tax goes up a little bit. Or you can do what I think is probably the best solution, which is you can raise the cap on the payroll tax." — in Missouri.
THE FACTS: Obama's proposal would reduce the Social Security trust fund's deficit by less than half, according to the nonpartisan Tax Policy Center.
That means he would still have to cut benefits, raise the payroll tax rate, raise the retirement age or some combination to deal with the program's long-term imbalance.
Workers currently pay 6.2 percent and their employers pay an equal rate — for a total of 12.4 percent — on annual wages of up to $106,800, after which no more payroll tax is collected.
Obama wants workers making more than $250,000 to pay payroll tax on their income over that amount. That would still protect workers making under $250,000 from an additional burden. But it would raise much less money than removing the cap completely.
Gee I FEEL BETTER and OBAMA is soooo cool...
