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The Four Lies About the Economy That Obama Needs Voters to Believe

Jim5522 Wrote: Jun 07, 2012 11:20 AM

Bush started out with $5 trillion in debt and ended with $10.7 trillion in debt ... that is an increase of 100% or a doubling the debt. Obama started with $10.7 trillion, it is now at $15 trillion, that is increasing by half again or only 50% ... see the difference? While Reagan started out with $700 billion in debt and so while his economic policies increased revenue ... it wasn't enough to keep with his spending as the debt increased to $2.8 trillion under his watch!

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The Four Lies About the Economy That Obama Needs Voters to Believe

President Barack Obama's re-election turns on his ability to convince voters that 1) Obama inherited a "Great Recession," 2) every "independent" economist supported the "stimulus," 3) "bipartisan" economists agree that Obama's stimulus worked, and 4) as actor Morgan Freeman puts it, racist Republicans say, "Screw the country ... we're going to do whatever we can to get this black man outta here" -- nothing to do with deeply held policy differences.

That's a lot of merchandise to push.

1) Take this "Great Recession" business.

Remember the "misery index"? The term, popularized by former President Jimmy Carter, used to mean inflation plus...

Related Tags: Obama Lies Obamanomics Barack Obama Jobs and Economy