"TODAY, I AM PLEDGING TO CUT THE DEFICIT IN HALF BY THE END OF MY FIRST TERM IN OFFICE." - Barack Obama - Feb. 23, 2009.
Watch it here: www.youtube.com/watch...
Did he cut the deficit in half? Not quite. Obama is the first President to have 4 consecutive TRILLION dollar deficits. Pledge broken.
The Obama administration led us to believe that the stumulis was going to lower the unemployment rate to 5.4% by the end of 2012. www.economy.com/mark-zandi/documents/The_Job_...
(see chart on page 4)
It is not even close to 5.4%. It's currently at 7.9%, higher than when Obama became President.
JOE BIDEN SAYS THE MIDDLE CLASS HAS BEEN "BURIED THE LAST FOUR YEARS"
Statement made on 10/2/2012.
Watch the video here: www.youtube.com/watch...
The Census Bureau agrees: MIDDLE CLASS SHRINKS to an ALL-TIME LOW UNDER OBAMA
By Carol Morello, Washington Post. Published: September 12, 2012
"Obamaís policies have left us with a shrinking middle class, a $4500 decline in median household income, exploding dependency on Food Stamp Nationís constellation of welfare programs, and a painful increase in health care premiums due to ObamaCare."
And donít forget about the doubled gasoline prices!
Earlier this year, the House voted to defeat Obama's 2012 budget 414-0 and the Senate voted it down 99-0. Obama could not even get 1 fellow Democrat to vote for it, and there are good reasons for it.
U.S. trade deficit with China increased under Obama:
-20,583.8 Million dollars when Obama took office in January, 2009
-26,022.6 Million dollars in January, 2012
-28,688.1 Million dollars in August, 2012
The U.S. trade deficit with China grew by 8,105 Million dollars under Obama.
SOURCE:(Bureau of Labor Statistics) http://data.bls.gov/timeseries/LNS14000000
Don't listen to what Obama says about Romney's economic plan. Among other things, Romney plans to:
*Curtail unfair trade practices with China
*Build stronger economic ties with Latin America
*Increase access to American energy resources
*Stop increases in regulations which makes it more difficult for job creators to create jobs
*Help cut the deficit by reducing non-security discretionary spending by five percent
Read Romney's economic plan for yourself: MittRomney.com/jobsplan
Just like his pledge, it's not what Obama says it is.