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President Barack Obama promised his final State of the Union address would be short. Dana Bash of CNN called it “low-energy.” One thing it was not was accurate–or honest.
Here are Obama’s top ten lies, in chronological order.
1. “[W]e’ve done all this while cutting our deficits by almost three-quarters.” This is pure fiction. Obama has doubled the national debt, and it’s not because he cut the deficit. Rather, he spent staggering amounts of money in his first months in office–which he assigns, dishonestly, to the previous fiscal year, under George W. Bush. He “cut” (i.e. spent more gradually) from that spending, but only under protest, after Republicans took the House in 2010.
2. “Anyone claiming that America’s economy is in decline is peddling fiction.” With that line, Obama took a shot at his would-be Democratic successors, as well as his Republican critics. But the truth is that despite the slow recovery–the slowest since World War II–labor force participation is the lowest it has been in decades. Wages are stagnant, household incomes still have not recovered from the recession, and young people see a bleak future.
3. “That’s what the Affordable Care Act is all about. It’s about filling the gaps in employer-based care so that when we lose a job, or go back to school, or start that new business, we’ll still have coverage.”That is a cruel joke, given that Obamacare canceled insurance coverage for millions of Americans who did not change jobs. It also raised deductibles and premiums so high that many insurance companies are leaving the Obama exchanges totally.
4. “Food Stamp recipients didn’t cause the financial crisis; recklessness on Wall Street did.” Actually, food stamp recipients, metaphorically speaking, were indirectly responsible–as well as Wall Street sharks. Obama leaves out the government’s role, under the Community Reinvestment Act, in pushing mortgages on people who could not afford them, and in backing the derivatives based on those mortgages that ultimately burst the whole bubble.
Click here for the rest of the list
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