Saturday, December 4, 2021
Hawai'i Free Press

Current Articles | Archives

Thursday, July 25, 2013
3 Whoppers from Obama’s Big Economic Speech
By Heritage Foundation @ 1:32 PM :: 7692 Views :: National News, Economy, Health Care, Obama

Morning Bell: 3 Whoppers from Obama’s Big Economic Speech

by Amy Payne, Heritage Foundation, July 25, 2013

Zbigniew Bzdak/MCT/Newscom Zbigniew Bzdak/MCT/Newscom

President Obama sure was excited about his speech yesterday. He talked for more than an hour in sweeping, grandiose terms about everything that’s happened since he became President, and everything that’s still going to happen.

If only more of it were true.

Here are three major whoppers Obama tried to sell yesterday.

1. Obamacare is going great.

He’s said this before, and each time, it’s actually less true. To hear the President tell it, Obamacare is all about security, free things, and discounts.

But the daily march of Obamacare is bringing higher premiums, new taxes, and fewer choices. The Obama Administration has already delayed the employer mandate—only the latest in a string of delays and failures to implement the law.

In his speech yesterday, Obama said, “There are folks out there who are actively working to make this law fail.” Nope, the law is failing just fine on its own. And that’s why Congress should not fund it with taxpayer dollars.

2. I cut the deficit in half.

This was one of Obama’s big first-term promises, so he would like to show that he’s delivered on it. But this claim ignores the huge deficit he ran up during his first few years in office.

Congress had to pass Obamacare before we could see what was in it. Maybe Obama had to run up the deficit before he could cut it?

Public debt doubled under his watch,” says Romina Boccia, Heritage’s Grover M. Hermann Fellow in Federal Budgetary Affairs. “Deficits projected at $642 billion by the Congressional Budget Office for this year are ‘low’ only when compared to their trillion-dollar-plus levels over the past four years. The U.S. deficit and debt situation actually worsened since before the recession.”

3. Middle-class income is stuck in the ’70s.

The President paints himself as the savior of the middle class—and it’s the nefarious 1 percent he’s going to save us from, so he has to drive a wedge between the classes.

His claim: “The income of the top 1 percent nearly quadrupled from 1979 to 2007, while the typical family’s barely budged.”

But in fact, incomes across the board have been rising. Heritage’s David Azerrad dispatches Obama’s falsehood:

According to the nonpartisan Congressional Budget Office, after-tax income has risen for all Americans, albeit by very different margins, during this timeframe. For those in the middle three quintiles—i.e. the “typical families”—income has increased by almost 40 percent.

As Ron Haskins and Scott Winship of the Brookings Institution conclude: “There is no disappearing middle class in these data; nor can household income, even at the bottom, be characterized as stagnant, let alone declining.”

American workers today are more productive and better compensated. Their problem is a lack of jobs. And for that, we have President Obama’s policies to thank.

Read the Morning Bell and more en español every day at Heritage Libertad.

Quick Hits:

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Life Alliance

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT