During this election campaign the American public has been inundated with lies from the Republican Party. Some of these lies have been told and repeated for so long that they have assumed the proportions of myth, and are accepted by a great many Americans. But they are still just Republican lies.
I have been trying to attack these lies one and a times, and have written several posts about them. But Dave Johnson over at Campaign for America’s Futurehas combined them into one very good post. He cuts through all the BS and exposes these mythic lies, and then tells the truth about them. Here are those 8 lies:
3) President Obama bailed out the banks.
Reality: While many people conflate the “stimulus” with the bank bailouts, the bank bailouts were requested by President Bush
and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts
to be “non-reviewable by any court or any agency.”) The bailouts passed and began before the 2008 election
of President Obama.
5) Businesses will hire if they get tax cuts.
Reality: A business hires the right number of employees to meet demand
. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.
8) Government spending takes money out of the economy.
Reality: Government is We, the People
and the money it spends is on We, the People
. Many people do not know that it is government that builds
the roads, airports, ports, courts, schools and other things that are the soil in which business thrives
. Many people think that all government spending is on “welfare” and “foreign aid” when that is only a small part of the government’s budget.