@missingbite No, Obama is not lying about those things. He’s not a socialist, the Republicans that call him one are lying. Look up the word. Does everyone in America now work directly for the Federal Government? Do we all get our pay from the government on government checks which we cash in Government banks? No. That would all be happening if Obama were a successful socialist.. There has been no move to take America into a world government, and cap and trade is designed to save the world and capitalism from global warming, not destroy capitalism. It’s legitimate to argue about whether it is needed or not, or whether it’s a good policy, but to claim it is designed to destroy capitalism is a baldfaced lie.
Now, on the Republican side. Tax cuts always stimulate the economy and increase federal revenue. They do not. Reagan slashed taxes for the rich from 70% to 28% and tripled the National Debt. The National Debt had been paying down till his tax cut, and it immediately skyrocketed after it.
Bill Clinton actually raised taxes and with that raise began paying back down the national debt. We had eight years of prosperity and created 23.1 million jobs. George W. Bush said he could keep paying down the National Debt by cutting taxes for the rich. He lied. He doubled the National Debt Clinton had been paying down. Three million jobs were created during his 8 years, and the population grew by 22 million. So we actually had a net loss of nearly 20 million jobs. And the 3 million figure doesn’t count nearly the 1 million jobs lost during the recession beginning in 2007.
Republicans say government spending can’t stop recessions, and that Roosevelt’s New Deal didn’t end the Great Depression, WWII did. That’s two lies and the second one is the silliest. The New Deal did end the Great Depression. The GDP was back to where it should have been in early 1941, months before Pearl Harbor was hit. And WWII was nothing if not the most massive Government Spending program in US history. Saying spending can’t work but WWII did is not just a lie, it is a self contradicting lie.
Let’s look to modern politics. Obama is a socialist is a lie. The health care bill called for death panels is a lie. The health care bill was a massive government takeover of the private healthcare institution in America was a lie.Did your Doctor and Hospital suddenly become a government entity when the bill finally passed? Obams is not a US citizen is a lie.
Taken in total, the lies are aimed at one thing. Give us power, and let us cut taxes for the rich. The inheritance tax had to go so dynastic wealth could survive. It was attacked with the lie that it was a death tax, as if that applied to us all. It only applied to large estates and helped stop the US from heading toward an oligarchy.
Tax cuts for the rich are pushed with the fantasy that they don’t create deficits, they bring in more revenues; and they create more jobs. Well, we’ve cutting taxes for the rich now for 30 years. The National debt grew from $2 trillion to $13 trillion and where are the jobs? They are offshore, where the truly wealthy, who don’t earn taxable wages but earn through investments, largely put their money because returns are higher and they can better dodge US taxes.
The top 10% now own nearly ¾ths of all the wealth in the USA. The top 1% own over /13rd of all the wealth. And Republicans want them to have way more.