Hermain Cain blows the cover off of Obama's propganda:
There's an old saying about a glass being half empty or half full. The optimist will view it as half full, while the pessimist will say it is half empty.
But when the glass is nearly empty and it's called "nearly full," or a big success, that's pure political propaganda. The danger with political propaganda is that it borders on just plain lies, exaggerations or intended deceptions.
President Obama and the Democrats told the public in February that they needed to pass the $787 billion stimulus bill to keep the unemployment rate under 8 percent. The rate has increased in an almost vertical fashion every month since then, and the Labor Department reported Friday that October's rate hit 10.2 percent.
President Obama's response to the report was, "I will not rest until all Americans who want work can find work." With all due respect, Mr. President, you will not get any rest for a long time because spending and debt do not create jobs.
I know it's a long shot, and your people may not show it to you, but I suggested a plan that would make you look like an economic hero.
President Obama also said he would not sign a health-care bill that adds one dime to the deficit. In order for the House Democrats to pretend to get to "not one dime," they low-balled the cost at $894 billion by shifting some items elsewhere, disguising the tax increases and assuming unrealistic cuts in Medicare. The real cost is $1.5 trillion at least, and no government social program in history has ever hit "at least."
Speaker Pelosi recently echoed President Obama's remark that "health-care reform is entitlement reform, which is essential to lowering the deficit." Wow! Really!
They are proposing to spend $1.5 trillion over 10 years on a new social program that looks like Medicare's ugly twin sister, containing more than 50 new layers of bureaucracy, and somehow it is going to magically reform Medicare, Medicaid and Social Security and reduce the deficit at the same time. Right!
And I can fly.
The latest propaganda is the administration's claim about "jobs created or saved" as a result of the $787 billion "stimulus bill." Edward Lazear explained in the Wall Street Journal the emptiness of that claim. The article is titled "Jobs 'created or saved' is meaningless. What matters is net job gain or loss, and that means the unemployment rate." Oops!
This healthcare reform bill is just what I predicted it was going to be: force hard working people to foot the bill to the remaining few and powerful Insurance Companies. The bill for those making $44,000 (which is $8,000 above the average median income in South Dakota) would ended up being by the best estimates thus far: $5,300/year for the mandated coverage + $2,000 in out of pocket expenses + a 2.5% individual mandated tax = around $8-10,000 a year. That is between 19.5 and 20% of our income!!! WTF??? We will be lucky if we can afford to feed ourselves after this is all said and done. I am sooooooo against this. And the worst part: Once it becomes law, the finer details of true costs will not be figured out, which means we got to sign on before we know the details? Who in their right friggin' mind signs into an agreement before they know the details? This joke of a Healthcare Reform Bill needs to be DEFEATED!!!
Posted by: Macgregor | November 10, 2009 at 04:14 PM