The Five 'Reasons' to Re-elect Obama
The case for re-electing President Barack Obama rests on five arguments, the most important of which is that Romney/Ryan represent sexism, racism, homophobia and fascism.
1) Obama "inherited" the worst set of economic conditions since World War II.
False. Based on unemployment, inflation and interest rates, the recession of 1981-82 was worse. Unemployment during the early '80s reached 10.8 percent, inflation 13.5 percent, and prime interest rates reached 21.5 percent. During this so-called "Great Recession," the numbers peaked at 10.2 unemployment, 5.6 percent inflation and 7.25 percent for the prime interest rate.
2) Obama's economic policies "rescued the economy from falling off a cliff."
False. Nearly 350 economists, including several Nobel laureates, publicly urged Obama to following the path President Reagan pursued -- cutting taxes, slowing the growth of domestic spending and continuing deregulation.
continues....
The case for re-electing President Barack Obama rests on five arguments, the most important of which is that Romney/Ryan represent sexism, racism, homophobia and fascism.
1) Obama "inherited" the worst set of economic conditions since World War II.
False. Based on unemployment, inflation and interest rates, the recession of 1981-82 was worse. Unemployment during the early '80s reached 10.8 percent, inflation 13.5 percent, and prime interest rates reached 21.5 percent. During this so-called "Great Recession," the numbers peaked at 10.2 unemployment, 5.6 percent inflation and 7.25 percent for the prime interest rate.
2) Obama's economic policies "rescued the economy from falling off a cliff."
False. Nearly 350 economists, including several Nobel laureates, publicly urged Obama to following the path President Reagan pursued -- cutting taxes, slowing the growth of domestic spending and continuing deregulation.
continues....
