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red states rule
10-30-2008, 07:32 AM
Holy shit - somebody is going to fired for posting this. I bet the Obama campaign will black list CBS for pointing out the truth


Reality Check: The Cost Of Obama's Pledges

Without question, the Barack Obama infomercial served as a very slick and powerful recitation of the biggest promises he's made as a presidential candidate. But the very bigness of his ideas is the problem: he seems blind to the concept his numbers don't add up.

Let's start with his highly suspect, and widely discredited, claim that he can find federal "spending cuts beyond the costs" of his promises. Very few independent economists believe he has identified the savings needed to offset his remarkable list of tax credits, tax cuts and spending pledges.

Fact: Even if you believe Obama intends to fix health care, most independent analysts say the cost is massive - $1.2 trillion over ten years, according to the highly respected Lewin Group. When the new Congress wakes up next year to a $1 trillion deficit, and answers the overwhelming new demands for another stimulus package, will the leadership really bite on a health care reform package that digs the deficit hole so much deeper?

And that's just the beginning of what Obama would spend.

Fact: The tax cuts he promises, which are mostly refundable tax credits (code for cash back), will cost $60 billion just in year one, according the National Taxpayers Union, though the Obama campaign's own estimates in July put that figure at $130 billion.

Fact: His new promise to give businesses a $3,000 tax credit for each new job created will cost $40 billion. But economists say this credit is far more likely to benefit companies already planning to expand and will likely not be enough to help companies create new jobs or forestall layoffs.

Fact: Obama's claim he will lower health care premiums by $2,500 is: 1.) guesswork, which is 2.) based on health care savings that might, in a perfect world, happen over 10 years - a fact Obama neatly glosses over.

Fact: Obama, when referring to savings he can make by leaving Iraq ($90 billion, according to Congressional Budget Office estimates), has spent these savings several times over, across several different promises depending on the crowd he's addressing.

Most of the time he spends the Iraq savings in the context of the roads he wants to build; sometimes it's for the teachers he wants to hire. Tonight, he riffed rhetorically on the savings, asking how many scholarships could be funded, or how many schools could be built. In the end though, presuming he really saves $90 billion, he can only spend it once.

Remember he also mentioned rebuilding the military ($7 billion/yr); his education initiative ($18 billion/yr); and his energy initiative ($15 billion/yr). He did not mention the $188 billion that he would spend on the brand new stimulus package he has proposed.

If he closes every loophole as promised, saves every dime from Iraq, raises taxes on the rich and trims the federal budget as he's promised to do "line by line," he still doesn't pay for his list. If he's elected, the first fact hitting his desk will be the figure projecting how much less of a budget he has to work with - thanks to the recession. He gave us a very compelling vision with his ad buy tonight. What he did not give us was any hint of the cold reality he's facing or a sense of how he might prioritize his promises if voters trust him with the White House.

http://www.cbsnews.com/stories/2008/10/29/eveningnews/realitycheck/main4557520.shtml

Gaffer
10-30-2008, 07:47 AM
This is amazing stuff considering the source. Maybe the author got hired by FOX and is giving a parting shot. If there's more such stuff it may mean a trend or just an attempt to improve their viewers numbers.

red states rule
10-30-2008, 07:49 AM
This is amazing stuff considering the source. Maybe the author got hired by FOX and is giving a parting shot. If there's more such stuff it may mean a trend or just an attempt to improve their viewers numbers.

I was shocked when Isaw it came from See BS

Katie will get to the bottom of this. She will have the person fired, send a written apology to Lord Obama, and tonight on her broadcast, will blame Karl Rove for hacking into the See BS website and posting lies in an attempt to smear the Obama economic recovery plan

red states rule
10-30-2008, 07:53 AM
Here is Joe the Human Gaffe Machine lowering the tax level to $150,000/yr

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crin63
10-30-2008, 09:08 AM
They probably figure the race is in the bag so they should try to get back some viewers. That way they have someone to manipulate next election cycle.

red states rule
10-30-2008, 09:12 AM
They probably figure the race is in the bag so they should try to get back some viewers. That way they have someone to manipulate next election cycle.

Or they are providing Lord Obama some cover

Here is what he might stumble through on his second day

"Ah, My fellow Americans, I eh, well, eh, told you I would give the middle class a tax cut - eh, duh, du, I now see eh how bad things are.

So eg, it is with great eh, duh, saddness I tell you I have no choice but to eh, raise your taxes

This is the messiah Lord Obama, your ruler and saviour of the world, saying SUCKERS!!!!!!!!!!!"

Abbey Marie
10-30-2008, 09:25 AM
Obviusly written by a racist who cannot stand the thought of a black man in the White House. :laugh2:

hjmick
10-30-2008, 09:27 AM
The really sad thing is, they wait until five days before the election to start writing the truth.

red states rule
10-30-2008, 09:28 AM
Obviusly written by a racist who cannot stand the thought of a black man in the White House. :laugh2:

I am sitting here in PA Abbey with my Bible in one hand, and my gun in the other. I have my confederate flag hanging in the living room, with a picture of Pres Jefferson Davis sitting on top of my computer monitor; as "Dixie" plays on my CD player :laugh2:

red states rule
10-30-2008, 09:29 AM
The really sad thing is, they wait until five days before the election to start writing the truth.

See BS is getting it out of their system now, so they won't have to if Lord Obama is elected