Thursday, April 1, 2010

more lies from Obama-- on the economy

From Tim Cavanaugh in Reason...

The ongoing recession has raised a troubling question for otherwise resurgent Keynesian economists: How can the American economy keep getting worse under the intensive care of an interventionist economic team almost universally praised for its brilliance? The answer may be that the Obama administration is dealing with a fictional economy, one that bears little resemblance to the economy the rest of us inhabit. And when the difference between fact and fiction becomes too apparent, they just make stuff up. Herewith, five big lies the administration loves to tell and the mainstream media (with some notable exceptions) love to repeat:

1. Bold government action staved off a Depression, saving or creating 1.5 million jobs.

2. “No one wants banks making the kinds of risky loans that got us into this situation in the first place.”

3. The economic crisis is a “subprime crisis.”

4. Ben Bernanke is a heroic leader.

5. The worst is behind us.

Cavanaugh expands on each; follow the link to see the details...


At April 2, 2010 at 7:35 AM , Blogger briefs said...

THanks for stopping in with thoughts on IN09 race on NW Indiana Politics blog yesterday Eric. It would appear you and I have missed each other in our mutual political blog links, I'm fixing that now.

At April 3, 2010 at 6:09 PM , Blogger tim said...

This comment has been removed by the author.

At April 3, 2010 at 6:20 PM , Blogger Aynom said...

America needs jobs, not healthcare Americans are homeless and suffering

This is not ok OBAMA

China secures portions of job stimulus package for 3000 workers for green energy project, China got mad because US steel used for project.

India works with large corporations to reduce prices to secure portions of job stimulus package for India’s workers.

This is because there was not safety net preventing corporations from taking these funds over sees to create new jobs over seas the job stimulus package only stated that it create new jobs not that it create new jobs for Americans.

This is again an other ploy to lute more money from taxpayers.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home