Monday, April 02, 2012

Obama Fact Check - Just More of His Truth Stretching

Taken from a January release by the Associated press and snippets from the WSJ.


Obama: "We have subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaway's to an industry that's rarely been more profitable and double down on a clean energy industry that has never been more promising."

Fact: This is his third attempt recently. Republicans want to spur DOMESTIC oil and gas production and oppose tax increases generally.

More facts: Natural gas produces 24,781 trillion BTU's

Solar energy produces 109 trillion (Remember the billion dollar Solyndra fiasco, almost all subsidized by the U.S. Government?)

Wind - 924 trillion (Wind power firms on edge over possible expiration of tax credits would cause cancelled projects and layoffs - 2/2/12 WSJ)

Coal - 22.077 trillion

Crude Oil - 11,669 trillion

Fact: Fossil fuels will dominate for a long, long time.

Obama: "Our health care law relies on a reformed private market, not a government program."

Fact: Half true. About one half of the 30 million uninsured Americans expected to gain coverage through the health care law will be enrolled in a government program. Medicaid, the federal-state program for low income people will be expanded in 2014 to cover childless adults living near the poverty level.

Obama: "The money we're no longer spending at war, use half of it top pay down our debt,and use the rest to do some nation-building right hear at home."

Fact: The idea of taking war "savings" to pay for other programs is budgetary sleight of hand. For one thing, the wars in Iraq and Afghanistan have been largely financed through borrowing, so stopping wars doesn't create a pool of ready cash, just less debt. And the savings seem to be based at least in part on inflated war spending for future years.

Obama: "The Taliban's momentum has been broken, and some troops from Afghanistan have begun to come home."

Fact:The latest Nation Intelligence Estimate warns that the Taliban will become stinger, using fledgling talks with the U.S. to stall until troops leave, while continuing to fight for more territory. The AP says that the current Afghanistan leadership has been unable to establish creditability with its people and predicts the Taliban and warlords will largely control the countryside.

If Obama's imagination were as good as facts, we wouldn't be in the quandry this nation is in and faces.

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