Obama’s Failed Stimulus Cost More than 9 Year Iraq War
Posted by Jim Hoft on Saturday, October 22, 2011, 7:50 PM
Obama and his comrades on the Left are fond of blaming Bush.
They blame him for driving the economy into a ditch.
The two chief reasons they clam our economy ended up in a ditch are (1) "Bush's un-funded wars" in Afghanistan and Iraq, and (2) the Bush Tax Cuts.
These explanations are false. Blame-shifting PROPAGANDA. (More on their guilt later.)
(1) The wars did not cost as much as TARP and bailing out Fannie Mae and GM and Chrysler and Obamacare and the co-called "Stimulus".
(2) The highest amount of revenue EVER received by the feds was in 2007 - with the same tax rates we have now. We are getting less revenue now with the same rates because the economy sucks. We don't need higher rates; we need the economy to grow.
Another level of proof that "Bush's un-funded wars" are not to blame is available by examining the European Debt Crisis. None of the European nations in cries spent anywhere what we did on the wars in Afghanistan and Iraq. (HECK: I betchya they barely spend a penny for every dollar we spend on defense in general!)
Yet despite not spending money in these 2 wars, Ireland, Greece, Spain, Italy and Belgium are all in deep doo-doo. (And the stench is making the Germans and the French sick!)
How is it that these nations are in economic trouble and have a sovereign debt crisis?
COULD IT BE THE SOCIAL SPENDING!?
Yes. That's EXACTLY what caused it: the governments spent too much dang money!
Which is what is causing the problem here.