What about the "investments" in the green jobs of the future? At $529 million dollars of lost taxpayer money, Solyndra is one of many money-hemorrhaging "clean energy" flops. Other belly-flops backed by federal loans include Beacon Power and Abound Solar. A Washington Post investigation traced $3.9 billion in grants and financing to 21 companies that were backed by firms connected to five Obama administration staffers and advisors. Cronyism?
3) Bush's irresponsible tax cuts and "unpaid-for wars" of Afghanistan and Iraq caused the deficit.
False. Obama frequently bemoans the "cost" of $700 billion in tax cuts for "millionaires and billionaires." CNN's Fareed Zakaria blames the "Bush tax cuts" for the deficit. But the $700 billion Obama speaks of is spread over 10 years. This comes to a mere 5 percent of the deficit.
As to the costs of the Iraq and Afghanistan wars, a study by Brown University estimates the costs at between $3.2 trillion and $4 trillion. This, too, is over about 10 years (the approximate duration of the wars), or an average of $360 billion per year. This comes out to about 25 percent of the estimated $1.5 trillion deficit.
4) We are better off now than four years ago.
A new poll for the Washington paper The Hill found 52 percent of likely voters believe the country is now in "worse condition" than four years ago, while 31 percent believe it's in "better condition." After accounting for inflation, median household income dropped 2.6 percent during the 18-month recession. It fell another 4.8 percent from the start of the "recovery" through June 2012. Unemployment stood at 7.8 percent when Obama entered the White House. It is 8.3 percent right now. We've added over $6 trillion in new debt in the last four years -- and the deficit tripled since Bush's last full year in office.
5) The other guys -- former Massachusetts Gov. Mitt Romney and Rep. Paul Ryan -- are worse: sexist, racist, homophobic and fascist.
The chairman of the California Democratic Party, John Burton, following the Republican convention, gave us this preview of coming attractions: "(Republicans) lie, and they don't care if people think they lie. As long as you lie, (Nazi propaganda minister) Joseph Goebbels -- the big lie -- you keep repeating it."
Welcome to the 2012 Democratic National Convention: Republican attendees are advised to keep their sheets and hoods at home.
Larry Elder is a best-selling author and radio talk-show host. To find out more about Larry Elder, or become an "Elderado," visit www.LarryElder.com. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
COPYRIGHT 2012 LAURENCE A. ELDER
DISTRIBUTED BY CREATORS.COM
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins