Monday, October 25, 2010

The 8 Biggest Republican Lies That Conservative Voters Believe


Have a relative that's a Republican or Tea Party supporter. You may want to send them this post. These are the 8 biggest lies Republicans have been regurgitating this election cycle.

The Democratic Party did not do a good job of blowing its own horn when it actually managed to accomplish some remarkable things during the first two years of the Obama administration. The Democrats passed a healthcare reform package that will eventually save tax payers money and bring healthcare coverage to nearly everyone. They saved the economic system from total collapse. They created millions of jobs with the stimulus package. The started the process for getting the US military out of Iraq. They actually reduced the deficit. They passed the legislation that regulates the financial industry.They lowered taxes for 95% of working families. They saved the American auto industry from total collapse.

If a Republican's lips are moving their probably saying something like this:

1) President Obama tripled the deficit:

Reality: Bush's last budget had a $1.416 trillion deficit. Obama's first budget reduced 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. The tax cuts actually lowered taxes for 95% of working families.

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. 700 billion dollars was authorized by congress to bail out the banks, the program was known as TARP. Most of it will be repaid, estimates now predict that all but about 50 billion dollars will be repaid by the banks. Some experts predict the government could even make a profit on the money they loaned to banks and financial institutions.

4) The stimulus didn't work:

Reality: The stimulus worked, but was not enough. In fact, according to the Congressional Budget Office, the stimulus raised employment by between 1.4 million and 3.3 million jobs.

5) Businesses will hire if they get tax cuts:

Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.

6) Health care reform costs $1 trillion:

Reality: The health care reform reduces government deficits by $138 billion.

7) Social Security is a Ponzi scheme, is "going broke," people live longer, fewer workers per retiree, etc.

Reality: Social Security has run a surplus since it began, has a trust fund in the trillions, is completely sound for at least 25 more years and cannot legally borrow so cannot contribute to the deficit (compare that to the military budget!) Life expectancy is only longer because fewer babies die; people who reach 65 live about the same number of years as they used to.

8) Government spending takes money out of the economy:

Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on "welfare" and "foreign aid" when that is only a small part of the government's budget.

via: Campaign For America's Future (see original story with reference links here)

2 comments:

  1. Anonymous5:42 PM

    artistdogboy...you need to do better at your grammar, punctuation, etc. I got through the sixth line and could not go any farther because you have so many mistakes. Just a friendly comment, that it's hard to take anyone serious if you are fraught with typo's and incorrect words. The first sentence is a question (I'm assuming) then it should be We'll, not Well, and "Democrats past a healthcare reform" it is Democrats passed a healthcare reform!!!

    ReplyDelete
  2. Dear Anonymous,
    Your comments are noted.

    ReplyDelete