Sorry Bill Clinton, but, unlike the years of your presidency, you are living in a world of FACT CHECKERS!!
"He [Obama] has offered a reasonable plan of $4 trillion in debt reduction over a decade. For every $2.5 trillion in spending cuts, he raises a dollar in new revenues, 2.5 to 1. And he has tight controls on future spending."
---Clinton
And we are supposed to BELIEVE that?
From the Washington Post: The repeated claim that Obamas budget reduces the deficit by $4 trillion is simply not accurate. Virtually no serious budget analyst agreed with this accounting. Moreover, the administration is also counting $848 billion in phantom savings from winding down the wars in Iraq and Afghanistan, even though the administration had long made clear those wars would end.
In other words, by projecting war spending far in the future, the administration is able to claim credit for saving money it never intended to spend. (Imagine taking credit for saving money on buying a new car every year, even though you intended to keep your car for 10 years.)
Rather than good arithmetic, independent budget analysts called the maneuver a major budget gimmick.
We could have done better, but last year the Republicans blocked the presidents job plan, costing the economy more than a million new jobs. So heres another job score. President Obama: plus 4.5 million. Congressional Republicans: zero.
Clinton
Obamas jobs plan was more of a rhetorical device, aimed at Republicans, rather than a real plan. He even used the same $1 trillion in previously-agreed savings with Republicans, mentioned above, that was supposed to be in his budget in order to pay for this plan. The jobs plan also would be paid for with the imaginary money from winding down the wars in Iraq and Afghanistan. (The administration argued that the budget had never passed, so the money could be used again.)
Get the picture? Clinton praises Obama both for his sound budget math and for his jobs plan, even though the money to fund the budget and the jobs plan is used twice. That certainly doesn't pass the Arkansas 2+2=4 test.
During this period, more than 500,000 manufacturing jobs have been created under President Obama. Thats the first time manufacturing jobs have increased since the 1990s.
Clinton
Clinton is referring to the period since February 2010, the administrations preferred date for counting employment figures. If you count from the beginning of Obamas term, Bureau of Labor Statistics data show that manufacturing jobs have declined by more than 500,000. Manufacturing jobs have been on a long steep decline since the middle of Clintons term.
I suppose it is easy for this guy to lie --and he does it so winningly!! Remember, "I did not have sexual relations with that woman...."
I don't want to post ALL the corrections in one massive post. My understanding is that the print edition of the post had nearly SIX PAGES of corrections on Clinoton's speech.
So, more to come.....
Or check it out on your own:
http://www.washingtonpost.com/blogs/fact-checker/post/fact-checking-bill-clintons-speech-and-other-democrats-at-the-convention-in-charlotte/2012/09/06/55b9df68-f7e1-11e1-8b93-c4f4ab1c8d13_blog.html
Updated On: 9/6/12 at 08:01 PM