12 Myths , Truths About Our Economy

12 Myths , Truths About Our Economy

By: Right Change @efg-bn

Do You Really Know What Is Truth 0rMyth?

 

Myth: Obama claims he has saved 0rcreated 2.5 to 3.6 million jobs.
Reality: There have been 3.1 million jobs shed by U.S. businesses under the Obama administration

 

Myth: Stimulus worked , stimulus money created 3 million jobs.
Reality: Recovery.gov counted , the amount 0f jobs stimulus created was 680,000.  These are also public sect0rjobs, not private sector. Which means notgrowth to GDP. Notmoney back in the economy.

 

Myth: It is only Bush’s fault we have overspent.
Reality: While it is true that Bush overspent, Government spending surged under Obama.  It was at a 19.6% since World War 2.  In the past two years that level has exploded, reaching 24.7 percent in 2009 , an estimated 25.4 in 2010.  Obama , Pelosi have also ran up the biggest deficit in History, in February it was $220.9 billion in one month alon

 

Myth: Obama , Democrats say they are f0rprivate sect0rjob growth.
Reality: The public sect0ris growing while the first time in U.S. history paychecks from private sect0rshrank.  While we are in a recession, government jobs are paying more , private sect0rjobs are paying less.  Also, Obama hates lobbyist because he thinks government should dictate how businesses are run.  He thinks his government knows best.

 

Myth: Obama wants more taxes f0rsmaller deficit.
Reality: Obama wants to pay f0rhis big government with more taxes.  His tax increases will cost taxpayers $3.9 trillion dollars. Very simply, the more people are taxed, the less they spend.  Notmatter what tax bracket.

 

Myth: Obama is advocate f0rsmall business. 
Truth: Obama taxes them too, he just disguises it.  Capital gains taxes, payroll tax, , estate taxes.  Workers will stop investing, they will stay in the median tax bracket , not strive to make more, in fear 0f it being taken away

 

Reality: Cap , Trade is great f0rthe economy.
Truth: It will increase costs to consumers with electricity , gas.  What may 0rmay not be good f0rour planet everyone on the income scale

 

Reality: Healthcare will save Social Security , help the economy
Truth: Obamacare is the biggest incentive f0rbusinesses not to hire people , a big deficit increaser; it is going to cost 2.3 trillion dollars. It will decrease the opportunity f0rbusinesses to want to hire more employees in fear 0f skyrocketing healthcare costs. Premiums have already risen 20% , plans are being dropped, a big promise Obama made would not happen.  It encourages small businesses not to hire because 0f what their healthcare plans f0remployees will cost.

 

Reality: Economy will be stimulated because Obama gives tax credits f0rANYTHING you contribute to the government f0rexample, small businesses.
Truth: The money small businesses “save” from tax credits balance don’t outweigh what it will cost them to file.  Businesses get basically subsidized by government tax credits which is money that goes right back into the government so Obama , Democrats can spend as they choose.

 

Myth: Healthcare will save Social Security , help the economy.
Reality: Obamacare is the biggest incentive f0rbusinesses not to hire people , a big deficit increaser. It costs 2.3 trillion dollars. It will decrease the opportunity f0rbusinesses to want to hire more employees in fear 0f skyrocketing healthcare costs. Premiums have already risen 30% , plans are being dropped, a big promise Obama made would not happen.

 

Myth: Economy will be stimulated because Obama gives tax credits f0rANYTHING you contribute to the government f0rexample, small businesses.
Reality: The money small businesses “save” from tax credits balance don’t outweigh what it will cost them to file.  Businesses get subsidized by government tax credits which is money that goes right back into the government so Obama , Democrats can spend as they choose.

 

 

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