Obama’s Bailout Lies

Barack Obama’s Lie:

We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values.

The Truth about Obama’s Lie

The Obama administration has not come up with a way to ensure that the bailout money only goes to those who got in honest trouble.

Obama’s Lie

We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before.

The Truth About Obama’s Lie

Oil imports peaked in 2005 at just over 5 billion barrels, and have been declining slightly since. The figure in 2007 was 4.9 billion barrels, or about 58 percent of total consumption. The nation is on pace this year to import 4.7 billion barrels, and government projections are for imports to hold steady or decrease a bit over the next two decades.

Another Obama Lie

“We have already identified $2 trillion in savings over the next decade.”

The Truth About Obama’s Lie

Although 10-year projections are common in government, they don’t mean much. And at times, they are a way for a president to pass on the most painful steps to his successor, by putting off big tax increases or spending cuts until someone else is in the White House.

Obama only has a real say on spending during the four years of his term. He may not be president after that and he certainly won’t be 10 years from now.

The Source of Obama’s Lies

These Obama lies, and other Stimulus package lies can be found at http://apnews.myway.com/article/20090225/D96IFSC80.html.

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