Right Wing Dog

The FIGHT for The RIGHT!

Obama’s figures just don’t add up to the TRUTH!

I am reporting this on my blog because many have not had the opportunity to see the REAL NUMBERS and not the lies coming out of the Administration of Barack Hussein Obama! We are being told what they want us to know without regard for truth or verification means.

THESE ARE THE TRUE DEFICITS: BUSH $800B, OBAMA $1.4T
By Dick Morris
02.3.2010
Published on TheHill.com February 2, 2010
President Barack Obama is being disingenuous when he says that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.
Rep. Joe Wilson (R-S.C.) might have said, “You lie,” but we’ll settle for “You distort.”
(As Mark Twain once said, there are three kinds of lies: “lies, damn lies and statistics.”)
Here are the facts:
In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.
But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.
So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.
Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. This $300 billion was, of course, totally qualitatively different from the TARP money in that it was spending, not lending. It would never be paid back. Once it was out the door, it was gone. Other spending and falling revenues due to the recession pushed the final numbers for Obama’s 2009 deficit up to $1.4 trillion.
So, effectively, Obama came close to doubling the deficit.
Obama seems not to understand that the deficit is the jobs problem. To add to the deficit in the hope of creating more jobs is an oxymoron. Additional deficit spending just crowds out small businesses trying to borrow money to create jobs and consumers seeking credit to buy cars and homes.
Soon, when the Fed stops printing money and we have to borrow real funds from real lenders, the high deficit will send interest rates soaring, further retarding growth and creating a cost-push inflation.
The interest rate we are now paying for the debt — about 3.5 percent — is totally artificial and based on the massive injection of money supply created by the purchase of mortgage-backed securities by an obliging Federal Reserve. Once these injections of currency stop, the rate will more than double, sending our debt service spending into the stratosphere. Once we had to choose between guns and butter. Now we will have to choose between guns and butter on the one hand and paying our debt service on the other.
Obama’s program of fiscal austerity in this new budget is a joke. He freezes very selected budget items while he shovels out new spending in his stimulus packages. If he wanted to lower the deficit, here’s what he could do:
1. Cancel the remaining $500 billion of stimulus spending; and
2. Cancel the $300 billion of spending in stimulus II.
Those are the real numbers. Or, as Al Gore would have it, “the inconvenient truth.”

RWD

February 6, 2010 Posted by | 2010 elections, 2012 Elections, America, Blogroll, Change, Democrat, Healthcare, Joe Biden, Liberal Democrat, Michelle Obama, Military, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Senator, Social Security, Socialist, stimulus package, Vice President | , , , , , , , , , , , , , | 3 Comments

Below are Listed the 1st Six Months Accomplishments of Barack Hussein Obama the Man Who Won The Nobel Prize

Obama’s First Six Months’ Accomplishments

1. Offended the Queen of England.
2. Bowed to the King of Saudi Arabia.
3. Praised the Marxist Daniel Ortega.
4. Kissed Socialist Hugo Chavez on the cheek.
5. Endorsed the Socialist Evo Morales of Bolivia.
6. Sided with Hugo Chavez and Communist Fidel Castro against Honduras.
7. Announced we would meet with Iranians with no pre-conditions while they’re building their nuclear weapons.
8. Gave away billions to AIG also without pre-conditions.
9. Expanded the bailouts.
10. Insulted everyone who has ever loved a Special Olympian.
11. Doubled our national debt.
12. Announced the termination of our new missile defense system the day after North Korea launched an ICBM.
13. Released information on U.S. Intelligence gathering despite urgings of his own CIA director and the prior four CIA directors.
14. Accepted without comment that five of his cabinet members cheated on their taxes and two20other nominees withdrew after they couldn’t take the heat.
15. Appointed a Homeland Security Chief who identified military veterans and abortion opponents as “dangers to the nation.”
16. Ordered that the word “terrorism” no longer be used and instead refers to such acts as “man made disasters.”
17. Circled the globe to publicly apologize for America’s world leadership.
18. Told the Mexican president that the violence in their country was because of us..
19. Politicized the census by moving it into the White House from the Department of Commerce.
20. Appointed as Attorney General the man who orchestrated the forced removal and expulsion to Cuba of a 9-year-old whose mother died trying to bring him to freedom in the United States.
21. Salutes as heroes three Navy SEALS who took down three terrorists who threatened one American life and the next day announces members of the Bush administration may stand trial for “torturing” three 9/11 terrorists by pouring water up their noses.
22. Low altitude photo shoot of Air Force One over New York City that frightened thousands of New Yorkers.
23. Sent his National Defense Advisor to Europe to assure them that the US will no longer treat Israel in a special manner and they might be on their own with the Muslims.
24. Praised Jimmy Carter’s trip to Gaza where he sided with terrorist Hamas against Israel.
25. Nationalized General Motors and Chrysler while turning shareholder control over to the unions and freezing out retired investors who owned their bonds. Committed unlimited taxpayer billions in the process.
26. Passed a huge energy tax in the House that will make American industry even less competitive while costing homeowners thousands per year.
27. Announced nationalized health care “reform” that will strip seniors of their Medicare, cut pay of physicians, increase taxes yet another $1 trillion, and put everyone on rationed care with government bureaucrats deciding who gets care and who doesn’t.
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Bloomberg: Daschle says, “Health care reform will not be pain free. Seniors should be more accepting of the conditions that come with age instead of treating them,” while former Colorado Governor Dick Lamm says seniors have “a duty to die.”

If this does not sufficiently raise your ire, just remember that the President, Senators and Congressmen have their own special gold plated health care plan which is guaranteed the remainder of their lives and they are not subject to this new law if they pass it.

Please use the power of the Internet to get this message out. Talk it up at the grassroots level. We have an election coming up in one year and four months where we can reverse the dangerous direction of the Obama administration and its allies.

I think that given enough time and if the American citizens continue in their complacent ways, Barack Hussein Obama will completely ruin the United States of America as we know it! The next major election (2010) is the time to start removing the Liberals from Office and replace them with Conservatives thinking Republicans. In add ition to Liberals I include Senator Susan Collins and Senator Olympia Snowe who are liberals pretending to be Republicans when election time is near and when in office they vote with their liberal buddies just like Arlen “the Defector” Spector did. When they are gone I will say good riddance to bad rubbish! THEN, we start getting ready for the 2012 election and the removal of more liberals and the King Libearl/Socialist Barack Hussein Obama. Conservative Republicans will then, once again, straighten out the mess that Barack Hussein Obama has wrought upon our nation.RWD

October 16, 2009 Posted by | 2010 elections, 2012 Elections, Abortion, America, Blogroll, Change, Clinton, Congress, corruption, Democrat, Durbin, earmarks, election, Energy, Healthcare, Hilda Solis, Hollywood, House, Joe Biden, Liberal Democrat, Main Stream Media, Michelle Obama, Nixon, NOBAMA, Obama, Pardon's, pelosi, Political, POLITICS, President, Rahm Emanuel, Reid, RIGHTWINGDOG, Senator, Social Security, Socialist, stimulus package, Terrorism, Torture | , , , , , , , , , , , , , , , , , , , | 3 Comments

Barack Hussein Obama = “all Talk and No Action” says Time Magazine

Trying desperately to sound as angry as the American people felt, President Obama took to the East Room of the White House yesterday to chide AIG for awarding $165 million in executive bonuses. It was the President’s latest attempt to shame Wall Street into spending its bailouts responsibly, but, as reporters noticed, the remarks smacked of insincerity. When it comes to outrage over the abuse of taxpayer dollars, perhaps Obama is, as Time magazine suggests, “all talk, no action.” That certainly seems to be the trend when it comes to political hot potatoes like taxpayer-funded abortion. Yesterday, for the first time in eight years, the State Department released $50 million to the United Nations Population Fund (UNFPA), an organization linked to China’s one-child policy and coerced abortions. Unsatisfied by the $50 million mark, House members, led by Louise Slaughter (D-N.Y.), are asking Congress to give UNFPA and other international “family planning” efforts a major funding boost. In a letter to ranking members of the Foreign Operations Subcommittee, they ask for an increase of $530 million. Why? Because creating “a healthier world and planet” means “slowing the population’s… growth.” Gallop found that an overwhelming majority of Americans (65%) object to paying for Obama’s new export–overseas abortion. He may not be able to stop AIG from exploiting taxpayers, but the President can certainly keep his party from giving “family planning” groups a raise!

Obama authorized $50 Million to be given to the U.N. for “family Planning in Foriegn Countries”! This is OUR money, why is he sending it to foriegn countries at a time of national crisis (his words) here in the U.S.?

RWD

March 18, 2009 Posted by | Abortion, America, Blogroll, Democrat, Liberal Democrat, NOBAMA, Obama, Political, POLITICS, President, stimulus package | , , , , | 4 Comments