Phony Obama Agreed with Republicans When it Fed His Purpose

Posted by Tina

President Obama is a phony because he to get elected in 2008 he told the American people the following:

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents — #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

He’s right, it was irresponsible. But his spending has been at least twice as bad. He has presided over the biggest explosion of debt the country has ever seen with the exception of WWII and in less time! To paraphrase him, this massive spending is not only irresponsible; it’s unpatriotic!

President Obama is a phony because in 2009, in order to increase his spending ability (by raising the debt ceiling) he told the American people the following during an interview with MSNBC’s Chuck Todd:

Todd had asked Obama a question from Elkhart, Indiana resident Scott Ferguson who wanted Obama to explain why raising taxes in a recession could be good for the economy. Obama answered that it could not be good for the economy, saying it was just good economics not to raise taxes in a recession.

“First of all, he’s [Ferguson] right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession,” Obama said.

The end of the recession was declared in 2009. There was a slight uptick in the economy but it didn’t last and the economy has slogged along ever since. We are not suffering a declared recession but we are suffering an extended non-recovery. If Obama was serious about creating a thriving economy in which people get back to work he would work with Boehner and pressure Reid to cut spending and keep taxes low for all Americans.

REMINDER:

Buffett correctly notes that the proposed tax increases will do little to alleviate the present fiscal problems of the United States. If taxes on the super-rich were raised so that they paid not the present 21.5 percent but 50 percent of their incomes, revenues from the top 400 earners would go up by $26 billion (one half of $90.9 billion minus the present $19.5 billion). Since this year alone, the U.S. federal deficit will be around $1.4 trillion, or $3.8 billion a day, the new revenue would cover less than seven days of deficits.

The numbers are even worse for total federal spending. In 2010, that amounted to $3.6 trillion or $9.7 billion a day. Buffett’s new taxes up against that would be gone in just 2.7 days.

Obama is a phony because he pretends concern when the truth is he is not concerned about anything but his personal agenda to create massive government and redistribute as much wealth as possible over the next four years. To do that taxes must go up in many ways and on all Americans. Big centralized government is his fundamentally transforming goal.

Watch what he does not what he says. If we go over the cliff and he makes a big show of riding in on a white horse to save the middle class be sure to read the fine print…he wants more and will find a way to get more from all of us.