Thursday, September 10, 2009

here's a whopper from Obama last night!

Obama's speech last night on health care opened with some mutually exclusive claims about the economy and his public policy role in it.

When I spoke here last winter, this nation was facing the worst economic crisis since the Great Depression....

Actually, at that point, it was the worst since the early-1980s recession. Whether it has surpassed that or not is a matter of debate.

Credit was frozen. And our financial system was on the verge of collapse...

"Frozen...collapse". A reprise of the Bush rhetoric used to encourage us to embrace all of the bailouts.

A full and vibrant recovery is still many months away.

As if he knows-- but vague/slippery enough to avoid accountability.

And I will not let up until...

As if he controls the whole thing...

But thanks to the bold and decisive action we've taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink.

Confidence? Maybe. Ignorance? Almost certainly.

Then, in addressing the cost of health care (well into the speech)-- and the need to avoid higher deficits (if not debt), he laid out this whopper:

I faced a trillion-dollar deficit when I walked in the door of the White House...

First of all, that's simply not true. Although Bush was a deficit maven, he's a piker compared to Obama. The trillion-dollar deficits are on the shoulders of President Obama.

Second, it contradicts his earlier claims to "bold and decisive action" and supposedly pulling the economy back from the brink. If he inherited and extended deficits from Bush, then he did not engage in bold and decisive fiscal policy.

Bad policy and wanting to have it both ways. Ugly...

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