RNC Bullshit on President Obama's "Failed Promises" - more Big Lies debunked

[Bill USA]

RNC Fails To Convince On President Obama's "Failed Promises"

CLAIM: President Obama "Failed On Jobs"

RNC: "Since President Obama Took Office The Nation Has Lost 1.9 Million Jobs." From the Republican National Committee's website:
[GOP.com, 1/3/12]

[font color="blue"]FACT: Since President Obama's Policies Took Effect, The Nation Has Gained Over 1.9 Million Jobs[/font]

The Economy Shed Almost 8 Million Jobs Under Republican Policies Before The Recovery Act Could Affect The Economy. According to economist Robert J. Shapiro:

From December 2007 to July 2009 - the last year of the Bush second term and the first six months of the Obama presidency, before his policies could affect the economy - private sector employment crashed from 115,574,000 jobs to 107,778,000 jobs. Employment continued to fall, however, for the next six months, reaching a low of 107,107,000 jobs in December of 2009. So, out of 8,467,000 private sector jobs lost in this dismal cycle, 7,796,000 of those jobs or 92 percent were lost on the Republicans' watch or under the sway of their policies. Some 671,000 additional jobs were lost as the stimulus and other moves by the administration kicked in, but 630,000 jobs then came back in the following six months. The tally, to date: Mr. Obama can be held accountable for the net loss of 41,000 jobs (671,000 - 630,000), while the Republicans should be held responsible for the net losses of 7,796,000 jobs. [Sonecon.com, 8/10/10, emphasis added]

... this article then covers false assertions of the GOP

... that Obama "Failed On Spending And Deficits"

IN [font color="blue"]FACT, - most of the deficit (and additional expenditutes ..e.g. unemployment Insurance) was the result of the Republican Trickle Down - Deregulation Disaster - not by Obama's policy intiatives.[/font]

N.Y. Times graphic
[link:www.nytimes.com/2011/07/24/opinion/sunday/24sun4.html?_r=3&partner=rssnyt&emc=rss|
]]



....and the GOP CLAIM that Obama Is Responsible For Higher Health Care Premiums

the [font color="blue"]FACT is that the impact of Health Care Reform on Premium Increases was Minimal.[/font]

<more>

[Old and In the Way]

1. You very seldom see Republicans argue their position using charts.

I wonder why?

[zbdent]

5. or facts, for that matter ...

reality is unknown to GOP smears ...

[DCBob]

2. Most think TARP is an Obama era program.

Its hard to fight ignorance especially when supported by major media.

[MannyGoldstein]

3. Are you saying that Obama wasn't a powerful advocate for TARP? nt

[DCBob]

4. Obama supported TARP as most other Democratic Senators did.

Are you saying TARP was not a Bush administration program?

[MannyGoldstein]

7. As President-elect, he led the Democrats in crafting TARP with Bush

And Obama, IIRC, was responsible for handing out the second half of TARP?

[DCBob]

8. TARP was signed into law by Bush prior to the election.

"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008."

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

[MannyGoldstein]

11. Yes. Obama led the Democrats in crafting the bill with Bush.

No?

[DCBob]

12. many were involved in "crafting" it.

Bush signed it.. Bush owns it.

[TheWraith]

13. By that logic, Obama deserves credit for TARP turning a profit.

You can either try to saddle him with the negative, or deny him the positive, not both.

[MannyGoldstein]

15. If it has turned a profit, then he gets significant credit for that

As well as most all of the other banker bailouts, for good or for bad.

[AnotherMcIntosh]

9. Obama was the Presidential candidate (D) who gave his full support to passing TARP.

No one truthfully deny that. It's in the history books. It has also been sufficiently reported on the web.

During the Bush II era, he reached a deal that Bush II would only be able to disburse $350 billion until Obama took office and, thereafter, Obama would have the reserved right to disburse the remaining $350 billion.

They, Bush and Obama, were in it together.

After Obama took office, Obama brought high-level, Bush-Administration carryovers into his Administration.

Contrary to "change you can believe in," Obama brought in Goldman-Sachs personnel for the purpose of continuing to benefit the super-rich at the expense of the ordinary American. His Presidential hero is not FDR (or even Truman, JFK, LBJ, etc.) but I'm-the-best-acting-President-you-ever-had Reagan.

This time around, he's not going to be able to use the slogan "Yes we can" because a sufficient number of Democrats who voted for him will hear "Yes we con."

As some people say, "Con me once, shame on you. Con me twice, ..." Of course, some people will never learn from their experiences.

[DCBob]

10. so.. many Democrats supported it but Bush signed it into law.

If a President signs it.. he owns it.

[AnotherMcIntosh]

14. So you now admit knowing that Obama supported TARP.

For a while, I thought that your position was "It's all Bush's fault."

Obama owned half of it, with the reserved right to disburse $350 billion with the assistance of his Goldman Sachs personnel, because Obama and Bush were in it together.

The fact that a great many of us don't like Bush's participation in the bailouts does not mean that the (D) label should excuse Obama for his participation. That would be hypocrisy.

[DCBob]

18. I never denied Obama supported TARP. I am glad he did.

It was good program that saved the financial industry. My point is Bush signed it into law so it falls under his adminsitration.

[AnotherMcIntosh]

23. Not one bankster prosecuted and sent to prison. Ever wonder why?

[Bill USA]

20. No sane person would have been opposed to TARP and for a world-wide depression that

Last edited Tue Jan 17, 2012, 05:20 PM - Edit history (1)

would have made the Great Depression look like a tea party.

But as I remember Bush was president (and sadly, that is history which nobody will deny). More importantly, Bush in prosecuting typical Republican Policies of concentration of wealth in the hands of fewer and fewer people (which diminishes aggregate demand and economic growth, job creation), and deregulation - made TARP necessary. That's why Bush owns TARP and the TRICKLE DOWN - DEREGULATION DISASTER.

Let us NOT be silly about this.

[bayareamike]

17. Didn't

the Obama Administration extend TARP through 2010?

[QUANUCK]

19. INTELIGENT CONCERVATI VES CAN'T COMMUNICATE WITH IDIOTS

True, it's hard for conservatives to fight the ignorance of brainwashed liberals and communist progressives, even when left wing news media continue the lies. Lefties are clueless as to where to get legitimate information. They believe everything on MSNBC, CNN and rags like the NY times. Augh.

[Bill USA]

22. Gracie Allen still lives! LOL.

got any documentation? kimo sabe?.... and FUX news doesn't count!

........ "intelligent conservative" [font size="3"] LOL, LOL!! [/font] That's what you call an oxymoron.

here try these links if you really want to learn something (yeah, RIIIIGHT!): http://howdidthishappen.org/myths/


Financial Crisis Was Avoidable, Inquiry Finds

[teach1st]

6. Got a link or links?

No link?

[Bennyboy]

16. Hear a link, there a link, but here.... no link!!!

Linky please.

[Bill USA]

21. SHIT! I left out the link? here it is....

http://politicalcorrection.org/factcheck/201201090006