Can We Have A Truth In Campaigning Law?

Here’s a little Obama ditty courtesy of the Cato Blog:

Candidate Obama just added some skilled economists, but that didn’t prevent him from making ridiculous claims about recent economic policies in a speech yesterday. Take one Obama statement: “our president sacrificed investments in health care, and education, and energy and infrastructure on the altar of tax breaks for big corporations and wealthy CEOs.” Obama is wrong on every point in this remark.

Here are the facts from the federal budget looking at Bush’s first 7 years in office (FY2001 to FY2008):

• Department of Health and Human Services spending up 67 percent in 7 years of Bush.
• Department of Education spending up 92 percent in 7 years of Bush.
• Department of Energy spending up 42 percent in 7 years of Bush.
• Federal capital investment outlays up 35 percent for nondefense and 131 percent for defense in 7 years of Bush.
• Federal corporate tax revenues up a stunning 128 percent in 7 years of Bush.

Bush never substantially cut corporate income taxes. Never. Many of the reasons I left the GOP are included in the above list. But I guess Obama can claim “Change we can believe in” because Americans are, for the most part, too ill-educated to know the facts and won’t question him on his nonsense.

This entry was posted on Saturday, June 14th, 2008 at 7:06 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed.