Friday, September 7, 2012

Just The Facts...The distorted truth from the Obama Speech


These fun facts are brought to you via Yahoo News. Rest assured that should Mitt Romney totally misrepresent himself and specific situations that I would not hesitate in publishing a similar article. Taking a last run at writing about politics has been fun but not an area I'll be concentrating on. America has fallen over the edge of the political cliff with politics much like religion turning into big business. While I am all for the capitalist free market system, the players can be and should be held accountable.



OBAMA: "We will reform and strengthen Medicare for the long haul, but we'll do it by reducing the cost of health care, not by asking seniors to pay thousands of dollars more."

THE FACTS: Some of the proposals the Obama administration has floated in budget negotiations with Congress would ask Medicare beneficiaries to pay more. Among them: revamping co-payments and deductibles in ways that could raise costs for retirees and increasing premiums for certain beneficiaries.
Obama even indicated a willingness to consider raising the eligibility age, currently 65, to 67. As word of some of the proposals leaked out, the president faced a backlash from fellow Democrats. He has since said he would not accept Medicare cuts as a part of a deficit reduction deal, unless it also includes higher taxes on the wealthy. Still, some level of increased costs for middle-class and upper-income Medicare recipients is likely to be part of any future deficit reduction deal.
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OBAMA: "We can help big factories and small businesses double their exports, and if we choose this path, we can create a million new manufacturing jobs in the next four years."


THE FACTS: Obama has claimed an increase of some 500,000 manufacturing jobs over the past 29 months. But this is cherry picking by the president. From the beginning of Obama's term 3 1/2 years ago, manufacturing jobs have declined by more than 500,000, according to the Labor Department's Bureau of Labor Statistics. Manufacturing jobs have been on a steady decline for nearly two decades.
Even though there has been a modest uptick in manufacturing jobs this year, unless there is a major turnaround, it seems unlikely that Obama's goal of 1 million new manufacturing jobs can be reached by his target date of 2016.