Five Big Lies in Obama's Economic Fairness Speech

[Guest]

Interesting article in Investor's Business Daily delving into the "untruths" related by President Obama in his call for "economic fairness".

1. His claim that tax cuts have "never worked" to grow the economy.

2. His statement that President Bush's tax cuts on the rich only managed to produced "massive deficits" and the "slowest job growth in half a century."

3. His false declaration that during the Bush years, "we had weak regulation, we had little oversight."

4. The absurd pronouncement that the "wealthiest Americans are paying the lowest taxes in over half a century."

5. The stretching to the breaking point assertion that he can keep tax breaks for the rich in place, or make needed investments, "but we can't do both."

Why do they say the above statements are lies? I'll let you read the short article and not bore you with a long post, but I think that Obama knows he can say anything he wants and you'll see no investigative journalism from the likes of Brian Williams and friends.

http://news.investors.com/Article/594075/201112071902/obama-reruns-5-lies-in-fairness-speech.htm

[Guest]

One of the things that I currently like about Newt is his pledge to let Obama set his campaign schedule by following every stop Obama makes by 4 hours and disecting his speaches.

I was a Cain supporter, but I am taking a long look at Gingrich this time. He seems to be the only candidate who has the ability to take on the Media and the Democrats, which is an absolute for any Republician running.

[Guest]

I'm no fan of Gingrich but he's *smart* to try to avoid the whole "let's all kill each other" fight that is the inevitable result of the primary system we now have. After all, it was the DEMOCRATS who nailed Dukakis on "Willie Horton" way back when.

Anything the Republicans do to tar and feather each other is being closely watched by every Democrat campaign worker. Every spot of mud that got slung at whomever wins the nomination will be a list of talking points for the Obama campaign.

[Guest]

Interesting article in Investor's Business Daily delving into the "untruths" related by President Obama in his call for "economic fairness".

1. His claim that tax cuts have "never worked" to grow the economy.

2. His statement that President Bush's tax cuts on the rich only managed to produced "massive deficits" and the "slowest job growth in half a century."

3. His false declaration that during the Bush years, "we had weak regulation, we had little oversight."

4. The absurd pronouncement that the "wealthiest Americans are paying the lowest taxes in over half a century."

5. The stretching to the breaking point assertion that he can keep tax breaks for the rich in place, or make needed investments, "but we can't do both."

Why do they say the above statements are lies? I'll let you read the short article and not bore you with a long post, but I think that Obama knows he can say anything he wants and you'll see no investigative journalism from the likes of Brian Williams and friends.

http://news.investors.com/Article/594075/201112071902/obama-reruns-5-lies-in-fairness-speech.htm#1 is debatable, I think. Some of our most vibrant economic growth has occurred during times of very high taxation.

#2 I think there's more truth in this statement than fiction. Virtually every economist says that the Bush tax cuts are the singular greatest cause of the year after year deficits during his administration and the dramatic growth of the national debt. After the cuts in 2000 and 2001, there was no dramatic growth in the economy, certainly not to the scale of the cuts themselves.

#3 I wouldn't say "weak" regulation. Buit I would say "ineffective" regulation. More at fault than the regulators who wrote and implemented regulations is the Congress who changed the laws that resulted in the problems we see now.

#4 What's not true about that? What needs to be added is the word "rates".

#5 Agreed, you can do both. But you can't do both and reduce the annual deficits or the national debt. Do the arithmetic.