Evidently, you don't need to know arithmetic to graduate from Columbia University or to get into Harvard Law School.
Obama said he would cut the Bush deficit (about $450 billion in the last year) in half which would be about $225 billion, but instead he has a budget deficit of over $1.8 trillion. Obama's deficit is four times that of Bush' deficit and eight times what Obama promised.
Obama said that the Stimulus Bill was needed immediately in order to limit unemployment to 8 million, it is now over 9.5% and climbing. WHERE ARE THE JOBS? There has been no stimulus from the Stimulus Bill which turned out to be filled with every bad spending idea and pork project from the Liberals who couldn't get these ideas passed under previous presidents. Obama doesn't seem to know that 9.5% is greater than 8%, the difference being about 20% or 2.6 million fewer Americans working than Obama promised.
Obama said his National Health Care plan would be paid for by cutting $2 trillion over ten years from the healthcare industry. Actual identified potential savings over ten years, from pharmaceutical companies and hospitals, are $230 billion. This is a factor of almost nine times less than what he promised. Obviously, the difference will come in the form of increased taxes and decreased medical services.
Here are some opportunities for Obama to "recalibration" his promises.
Monday, July 27, 2009
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