OBAMANOMICS NOT BASED ON REALITY

After six years of claiming the Bush administration gave tax cuts only to the wealthy and ignored the middle class, Obama is now arguing the middle class tax cuts of Bush need to be extended to save the middle class from economic devastation.

Moving right along with the subject of Democratic misrepresentations over the last eight years, look at the O.M.B. graph at the top left of this article. This graph shows the deficit since 2003 and shows the spending on the Iraq war insofar as it impacted the budget.

First, note that the total spending on the war, accumulated over the six years from 2003 through 2008, Bush’s last year in office, totals less than Obama’s stimulus package passed in his first four months in office. This contradicts Obama's often cited claim that he inherited huge deficits from Bush caused by the Iraq war.

Thirdly, note that, although the deficit was about $400 billion in 2003, it steadily decreased over the next five years to around $200 billion in 2007. The graph shows the cumulative effect of the tax cut was not to drive deficits up over the long haul, but, rather, to increase tax revenues as the economy responded by increasing earnings, thus gradually bringing deficits down. This directly contradicts Obama's claims that the tax cuts did nothing to stimulate the economy or to reduce deficits over time.

It is true that the deficits begin to sky rocket in 2008 to $400 billion; however, as we know, 2008 is the fist full year the Democrats controlled both the House and the Senate, and, as such, controlled spending. This was the year of TARP. Democrats supported TARP, and almost all real Republicans in the House and the Senate, voted against it. Obama repeatedly complains that he inherited a huge deficit from Bush, but he was a Senator who voted for iTARP and the rest of the budget at the time. In 2009 the deficit doubles to $1.4 trillion under the Democratic Congress and Obma's first year as President (a four fold increase) and stayed almost that high in the current year, 2010.

There is no doubt the economy was sliding into a deep recession in late 2008. But, this was not caused by tax cuts nor was it caused by deficit spending. It is well recognized that the 2008 recession was caused by a housing bubble bursting and a resulting credit crisis. This was caused by Govenment efforts to over stimulate lending and home ownership, not by ordinary free market forces. In fact Obama claims hyper-deficit spending is what we need to get out of the recession. Thus, he impossibly argues Bush's deficits were the cause of the recession but Democrat's deficits are the cure.

Democrats are misrepresenting basic economic fact. Reduction of government, by tax and spending cuts and reducing administrative burdens are the only measures that will work to unleash the economy. Unfortunately, instead, Obama and the Democratic Congress are passing one multi billion dollar bailout to government workers and unions after another and piling on new entitlement programs.

If there is not a massive take over of the house and Senate by real Conservatives, instead of RINO Republicans, this recession will be a long one.

MISSION ACCOMPLISHED!

America's last combat brigade crossing the Iraqi Border

Recently President Obama announced the end of combat operations in Iraq in only his second oval office address. In doing so, he reluctantly acknowledged Bush's patriotism and that there were "disagreements" between them. Then, he took credit for ending combat operations in Iraq "as he had promised".

Regardless of the President having congratulated himself for the accomplishment, we all know, he does not deserve it. Who can forget that years of incredibly brutal warfare in Iraq, were made agonizingly worse for our soldiers by Obama and the rest of his cronies doing everything they could to defeat the effort. From John “our soldiers are cold blooded killers” Murtha, to Harry “the war is lost” Reid, to Nancy, denying the MRAP to our troops, Pelosi; to Erick "the detainees are victims" Holder; to the New York "the CIA are torturers" Times, to the ACLU the military tribunals are illegal, to Code "Bush and Cheney are war criminals" Pink, To Kieth "Bush lied people died" Oberman, to Everybody all together now: "the surge won't work", and in a thousand other ways, liberals relentlessly tried to defeat us in Iraq.

This is not the first time liberals have tried to defeat the US in war. The pattern is becoming all too familiar. Liberals relentlessly tried to stop the Korean War. They eventually caused a stalemate that allowed North Korea to survive. Sixty years later, its now nuclear and is one of the most repressive and destabilizing regimes on earth. Liberals caused us to pull out of Viet Nam on the verge of victory and then refused even monetary or military supplies to the South, resulting in a slaughter and dislocation of millions. Our embassy was attacked and employees with diplomatic immunity held hostage by Iranian radicals; an indisputable act of war. Liberals refused to fight. Thirty years later a, soon to be nuclear, Iran is a major source of world terrorism and threat to world peace. Liberals relentlessly fought Regan's military build up that ended the cold war. This time,they pulled all of the familiar efforts to defeat the US in Iraq and a bunch of new ones, but lost. Sorry liberals. Nice try but we won this one in spite of you.

If we had not gone into Iraq, what would the situation be today? You know the answer. Iraq would be on the verge of going nuclear like Iran, and it would be exporting terror around the world. Terror would be king and we would be on the run instead of the opposite. Liberals would be saying what can we do about it? A recent poll shows 58% of Ameicans think the Iraq invasion was the right decision in spite of the massive media campaign to villify Bush and Cheney.

The returning troops, all who served in Iraq and George Bush should have a victory parade down Pennsylvania Avenue. Hundreds of thousands if not millions would be lining the streets to cheer their heros. And, since he’s so good at apologizing for the American people, Obama could then and there apologize to the American people for himself and his fellow Democratic Party leaders, for their vitriolic campaign against anyone who in any way supported the war, for almost defeating the US in Iraq and for always doing whatever they can to make the world a much more dangerous place for Americans.