Right Wing Dog

The FIGHT for The RIGHT!

Facts about Barack Hussein Obama and HIS Administration!

Let’s talk facts!

Some facts for those partisans who hate facts. Actual facts that is…..

Many of us are getting awfully tired of hearing about the problems that Obama “Inherited”!

The Washington Post recently again babbled about Obama inheriting a huge deficit from Bush, blah blah blah.
Amazingly enough, a lot of people still swallow this nonsense. So, once more, let’s absorb a short civics lesson.

Budgets do not come from the White House.

They come from Congress – and the party that controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011.

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For FY 2009, though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.

And where was Barack Obama during this time?

He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009.

Let’s remember what the deficits looked like during that period:

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets.

That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself.

To summarize, what Obama is saying is, “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th”.

This will get worse with healtcare, Immigration and Amnesty to come, the card check bill, cap and trade, and all the other asinine, socialist giveaway programs he can dream up. Taxes will go through the roof, prices will increase and jobs will become scarce!

WAKE UP, AMERICA , BEFORE ITS TO LATEThere is no way this will be widely publicized, unless each of us people about it!
This is your chance to make a difference. Copy and paste it into your email and send it to all in your address book. You will surprise some people!

RWD

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April 9, 2010 Posted by | 2008 Election, 2010 elections, 2012 Elections, America, Blogroll, Change, Chicago, Congress, Conservative, corruption, Democrat, Durbin, earmarks, election, Healthcare, Illinois, immigration, Joe Biden, Liberal Democrat, Michelle Obama, NOBAMA, Obama, pelosi, Political, POLITICS, President, Presidential Candidate, Rahm Emanuel, Reid, Senator, Social Security, Socialist, stimulus package, Tax, Terrorism, unions, Vice President, White House | , , , | Leave a comment

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